Latest News
: Ken Griffin’s Citadel has acquired the majority of the public equity portfolio held by AI-focused hedge fund Situational Awareness, following a sharp reversal in technology stocks that forced the specialist manager to significantly reduce risk, according to a report by Reuters.
AI-focused hedge fund Situational Awareness explored selling stakes in privately held technology companies before agreeing to transfer most of its public equity portfolio to Citadel, according to a report by Bloomberg.
Senior Millennium Management portfolio manager Farzad Kassam is preparing to launch his own hedge fund next year, with backing from Izzy Englander’s multi-strategy investment firm in the latest example of established platforms seeding new managers, according to a report by Bloomberg.
A hedge fund managed by Hong Kong-based Jupiter Research Capital lost more than 40% of its value in July, highlighting the severe impact that the global sell-off in AI-related stocks has had on quantitative investment strategies, according to a sport by Bloomberg.
Activist hedge fund Jana Partners has intensified its campaign at payments technology company Fiserv, urging the business to conduct a comprehensive review of its operations and portfolio while renewing calls for changes to the board, according to a report by Reuters.
Asia-focused equity hedge funds are on track to record their largest monthly losses on record after a sharp sell-off in artificial intelligence-related stocks triggered a rapid unwinding of one of this year’s most profitable investment themes, according to a report by Reuters citing a note from Goldman Sachs.
The UK’s Financial Conduct Authority (FCA) is set to begin publishing a daily summary of trading activity in UK-listed equities, marking the latest step in its efforts to improve market transparency ahead of the introduction of a consolidated tape, according to a report Bloomberg.
Hong Kong-based hedge fund Trafalgar Capital Management has strengthened its investment team with the appointment of Michael Rothlin as chief investment officer responsible for its macro trading strategies, according to a report by FX Markets.
Quantitative hedge fund Squarepoint Capital is continuing to strengthen its commodities trading business, adding experienced traders from leading commodity merchants and investment firms as it expands its presence across both derivatives and physical markets, according to a report by eFinancial Careers.
Situational Awareness, the AI-focused hedge fund founded by former OpenAI researcher Leopold Aschenbrenner, is seeking additional capital from investors following sharp losses during the recent correction in technology and AI-related stocks, according to a report by the Financial Times.
