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Heidrick & Struggles, a provider of executive search and talent services, has appointed Daniel Aghdami as a Partner. Based in Zurich, he will manage the company’s practice for European financial clients, including hedge fund and family offices.
Hedge funds are increasingly investing in nuclear power producers, aiming to capitalise on the anticipated electricity surge driven by artificial intelligence (AI), according to a report by Morningstar citing Goldman Sachs analysis of 697 funds managing over $3tn in assets.
Sung Kook “Bill” Hwang, the former billionaire investor behind Archegos Capital Management, was handed an 18 year prison sentence on Wednesday for orchestrating one of the largest financial frauds in US history, according to a report by Reuters.
US hedge funds have shifted their strategies, becoming net sellers of equities linked to the so-called “Trump trade,” according to a report by Reuters citing recent data released by the prime brokerage division at Morgan Stanley (MS).
Hedge fund performance dipped marginally (-0.4%) in October ending a run of positive returns that stretched back to May, with a number of strategy types experiencing declines, according to the latest Monthly Hedge Fund Update from Citco.
Multi-strategy hedge fund Verition has bolstered its team by appointing Mark Almond as its new head of support. Almond joined Verition this week after a four-year stint at Schonfeld, another prominent hedge fund, according to a report by eFinancial Careers.
Marshall Wace, the $69bn London-based hedge fund firm founded by Paul Marshall and Ian Wace, has selected Bloomberg’s IBVAL Front Office to provide intraday pricing info to support idea generation and pre-trade analysis for the firm’s multi-asset strategy.
The manager of Katsu Fund, a hedge fund marketed as using artificial intelligence (AI) to guide its trading strategies, has been arrested and charged with securities fraud, wire fraud, and money laundering, according to a report by Investment Executive.
Hound Partners, a hedge fund launched with support from Julian Robertson’s Tiger Management, has filed a lawsuit to terminate a profit-sharing agreement dating back to 2004, according to a report by Bloomberg.
Bridgewater Associates, one of the world’s largest hedge funds, is teaming up with State Street Global Advisors (SSGA) to bring its investment strategies to retail investors, marking a significant shift in its approach to the market, according to a report by the Financial Times.
