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Hedge funds may have rushed headfirst into the AI arms race, but now they’re facing a new and unexpected hiring challenge – too many AI specialists, and not enough candidates for anything else including core trading technology roles, according to a report by eFinancial Careers.
SimCorp, a leading financial technology company and provider of investment management solutions for the global buy side, has promoted Ronan Donnelly to the position of Chief Operations Officer, effective immediately.
As hedge fund activism surges across global markets, JPMorgan Chase is significantly expanding its shareholder engagement and activism defence capabilities, with the firm adding two MDs to its global shareholder engagement and M&A capital markets group, according to a report by Reuters.
Hedge Fund bonuses grew by 48% YoY, the financial services industry’s highest increase, with senior positions averaging $1.8m in payouts, defying the growing economic uncertainty over the last financial year, according to new research by eFinancial Careers.
Hedge funds pared back their exposure to the ‘Magnificent Seven’ tech megacaps to the lowest level in two years last week, signalling a sharp tactical retreat ahead of a high-stakes earnings season, according to a report by Reuters citing a client note from Morgan Stanley.
Affiliated Managers Group has taken a minority stake in Verition Fund Management, one of the hedge fund industry’s fastest-growing multi-strategy managers, according to a report by Bloomberg citing an internal statement confirming a ‘definitive agreement’ between the two firms.
A growing number of hedge funds have trimmed their dollar positions this week, after National Economic Council Director Kevin Hassett said on Friday that Donald Trump is studying whether he’s able to fire Fed Chairman Jerome Powell, according to reports by Bloomberg.
Trump Media & Technology Group (TMTG), the media company behind Truth Social and majority-owned by Donald Trump, has called on the US Securities and Exchange Commission (SEC) to investigate what it alleges may be “suspicious” short selling activity in its stock, according to reports.
Increasing numbers of institutional investors and wealth managers expect growth in tokenisation, with its ability to facilitate liquidity being seen as the most attractive benefit, according to a new research by digital assets hedge fund manager Nickel Digital Asset Management.
Greenlight Capital delivered a strong 8.2% return in Q1 2025, significantly outperforming the broader hedge fund universe and the S&P 500, driven largely by a concentrated bet on gold, according to a report by Reuters citing founder David Einhorn’s latest investor letter.
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