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Millennium Management founder Izzy Englander is considering distributing equity in the $76bn hedge fund firm to key executives for the first time, marking a significant shift in the firm’s structure as he prepares for its long-term future, according to a report by the Financial Times.
Pierre Andurand’s flagship hedge fund has suffered a steep decline in the first two months of 2025, erasing its strong gains from last year as volatility continues to roil commodity markets, according to a report by Bloomberg.
Multi-strategy hedge fund major Millennium Management has committed $2bn to support the launch of Lane42 Investment Partners, a new alternative asset management firm founded by former Ares Management Executive Scott Graves.
Rio Tinto’s decision to grant its Australian shareholders the opportunity to vote on a resolution calling for an independent review of its dual-listing structure has been welcomed by London-based activist hedge fund Palliser Capital.
Digital asset investment products saw a third consecutive week of outflows last week, marking the largest weekly outflows on record at a total of $2.9bn, and bringing the three-week total to $3.8bn, according to a the latest Digital Assets Fund Flows Weekly Report from CoinShares.
Singapore-based digital assets platform Coinhako is to join Fusion Digital Assets, TP ICAP’s FCA registered UK-based wholesale spot cryptoasset exchange as a trading counterparty providing and consuming liquidity on the exchange.
Malcolm Pratt, Head of Hedge Fund sales Trading in Europe at Bank of America has resigned to take up a new role at Clear Street, a fast-growing independent prime broker which launched operations in the UK in December, according to a report by eFinancial Careers.
Cisu Capital, the London-based hedge fund founded by former Elliott Management portfolio manager Mark Wills, has successfully launched a commingled fund with a commitment from a large endowment, according to a report by Business Insider.
Dubai is stepping up its bid to attract hedge fund startups by launching a dedicated workspace at the Dubai International Finance Centre for smaller firms looking to establish a foothold in the region, according to a report by Bloomberg.
Fast-casual chain Portillo’s is facing a proxy fight as Engaged Capital, an activist hedge fund with an 8.6% stake in the business, pushes for significant operational and strategic changes, according to a report by QSR.
