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Balyasny Asset Management is raising $350m for its first-ever dedicated venture capital fund, marking a strategic push into growth-stage enterprise tech startups, according to a report by PitchBook citing sources familiar with the matter.
Millennium has added Justin Lo Iacono as a Portfolio Manager for its Andora Partners brand. This move follows the firm’s decision at the end of 2024 to bring on Daniel Engel-Hall, formerly of Marshall Wace, to lead the establishment of an equity long-short team, according to report by eFinancial Careers.
The wave of departures from Morgan Stanley’s credit trading team has now extended from London to New York, with Jeff Qiu, the bank’s head of US macro credit trading, resigning to join hedge fund Garda Capital Partners, according to a report by eFinancial Careers.
The world’s leading financial stability watchdog – the Financial Stability Board (FSB) – is ramping up oversight of hedge fund leverage and shadow banking risks, launching a task force to assess potential systemic threats, according to a report by Bloomberg.
BNP Paribas has announced the appointment of Emmanuel Dray as EMEA Head of Investor Coverage, which sits within Financial Institutions Coverage (FIC), and focuses its efforts on a select client base of rapidly growing asset managers and hedge funds.
D1 Capital Partners, the $21bn hedge fund led by Daniel Sundheim, has staged a strong recovery by capitalising on undervalued European corporate turnarounds, marking a significant rebound from its heavy tech-driven losses in 2022, according to a report by the Financial Times.
Global institutional investors are increasingly turning to fixed income hedge funds and are bullish about returns, with 63% anticipating annual returns of 10% or more, according to a new report commissioned by RBC BlueBay Asset Management.
A fierce battle is unfolding over the fate of motorbike manufacturer KTM, as a group of creditors led by US hedge fund Whitebox Advisors takes on India’s Bajaj Autos and Austrian business mogul Stefan Pierer, according to a report by the Financial Times.
Palliser Capital, a London-based multi-strategy hedge fund firm, has called on miner Rio Tinto to let its Australian shareholders vote on a proposed independent review of the company’s dual-listed structure, according to a report by Reuters.
Hedge funds ramped up bets on Asian stocks last week at their highest level on record since 2016, with China and Hong Kong accounting for nearly half of the regional inflows, according to a report by Reuters citing a note from the prime brokerage desk at Goldman Sachs.
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