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Ajay Kumar, who previously served as the head of APAC index trading at Goldman Sachs during a decade-long tenure at the investment bank, has secured a new role at the hedge fund ExodusPoint Capital Management in Singapore, according to a report by eFinancial Careers.
Global derivatives and securities exchange network Cboe Global Markets, is to launch the first cash-settled index options related to the price of spot bitcoin, beginning Monday, 2 December.
Jason Siegel, the former head of Brookfield Asset Management’s multi-strategy hedge fund platform, has joined BW Gestão de Investimentos (BWGI), the investment office of Brazil’s billionaire Moreira Salles family, according to a report by Bloomberg.
Global hedge funds accelerated their exit from US electric and water utility stocks last week, marking the fastest pace of sales in two months, while heavily investing in US materials stocks, according to a report by Reuters citing a recent note from the prime brokerage desk at Goldman Sachs.
Employee perceptions of diversity and inclusion efforts at hedge funds have dropped to their lowest level in four years, according to a report by Reuters citing Reboot Financial Services’ Race to Equality 2024 report released on Tuesday.
Marshall Wace, the UK-based hedge fund major founded by Paul Marshall and Ian Wace, has adopted Bloomberg’s machine learning-powered real-time pricing data service, IBVAL Front Office, to enhance its systematic credit strategies, according to a report by FTF News.
The US Treasury Department has launched an investigation into JPMorgan Chase over its dealings with a hedge fund allegedly tied to Iranian oil trader Hossein Shamkhani, raising questions about compliance with financial regulations, according to a report by Bloomberg.
GCQ Funds Management, a Sydney-based hedge fund with an impressive annualised return of 30% since its 2022 launch, is betting on Japan’s burgeoning cloud accounting market as its next major growth driver, according to a report by Bloomberg.
Two Sigma Investments, one of the world’s leading quantitative hedge funds, is laying off approximately 200 employees following a comprehensive review of its operations by its new Co-Chief Executive Officers, according to a report by Bloomberg.
President-elect Donald Trump has nominated Scott Bessent, the founder of hedge fund Key Square Group, as Treasury secretary, signalling his preference for a seasoned financial expert and loyal ally to oversee US fiscal policy and economic strategy, according to reports.
