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Brevan Howard Asset Management, the $34bn global macro hedge fund, has hired Rajesh Venkataramani, a former partner at Goldman Sachs, for a senior investment position, according to a report by Bloomberg citing unnamed sources familiar with the matter.
George Klavdianos, a senior credit portfolio manager at multi-strategy major Millennium Management, has exited the firm to pursue plans for his own hedge fund, according to a report by Bloomberg citing unnamed sources familiar with the matter.
Systematic hedge funds have endured one of their toughest starts to a month in nearly two years, with daily losses recorded across the first week of October, according to a report by Reuters citing a client note from Goldman Sachs.
Macro hedge funds were heavily active in yen trading on Monday, with a significant portion of flows reflecting a “mass square-up” of bullish positions rather than the initiation of new bearish bets, according to a report by Bloomberg citing traders at Nomura International and Citigroup.
The University of North Carolina Investment Fund, which manages the $12.2bn endowment for UNC Chapel Hill and affiliated campuses, posted a 11.6% return for the fiscal year ended 30 June, driven in part by strong performances from its hedge fund investments, according to a report by Pensions & Investments Online.
Citadel founder and CEO Ken Griffin has expressed concern over the growing trend of investors treating gold as a safer alternative to the US dollar, citing it as a sign of increasing de-risking amid US fiscal and monetary uncertainty, according top a report by Bloomberg.
Parameta Solutions, the data and analytics division of TP ICAP Group, has launched an enhanced real-time OTC oil market data service, built to give customers a faster, clearer view of global OTC oil markets.
TMX Group has acquired Verity, a US-based provider of investment research management and data intelligence solutions, in a move that strengthens its global data offering through its existing TMX Datalinx service.
New York-based hedge fund Millennium Management has built a short position worth £35m in Metlen Energy & Metals, just two months after the Greek metals and energy group debuted on the London Stock Exchange and entered the FTSE 100, according to a report by the Financial Times.
Vinci Compass has agreed to acquire a majority stake in Verde Asset Management, one of Latin America’s oldest and most prominent hedge fund managers, in a cash-and-stock transaction that deepens its presence in Brazil’s asset management market, according to a report by Reuters.
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