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John Curtice, a high-profile and costly recent hire by Millennium Management, has left the hedge fund less than a year after joining from rival firm ExodusPoint Capital Managment, having repeatedly exceeded Millenium’s risk limits during his short tenure, according to a report by eFinancial Careers.Â
The winners of the Hedgeweek European Emerging Manager Awards, which recognise excellence among emerging hedge fund managers and service providers, were announced at an exclusive ceremony and networking event today (14 November), at etc.venues, County Hall, London.
The Citco group of companies (Citco), an asset-servicer to the alternative investment sector, has launched Citco Japan Co KK, which will operate as the firm’s local operational headquarters in the Asia-Pacific region.
DE Shaw & Co, one of the world’s largest hedge fund firms with over $60bn in assets, has raised $1bn for its latest private credit-focused fund, Alkali VI, which will invest in corporate and structured debt as well as synthetic securitisations, according to a report by Bloomberg.
Quant hedge fund firm Two Sigma Investments has named Sarah Moore Fass – currently Chief Human Resources Officer at Bridgewater Associates – as its new Chief People Officer, a role created to enhance the firm’s focus on talent and organisational culture.
Hedge funds posted a 0.25% return in October according to the performance of the SS&C GlobeOp Hedge Fund Performance, while the SS&C GlobeOp Capital Movement Index recorded net inflows of 1.02% in November, signalling sustained investor confidence.
Quincy Data, a specialist in the provision of ultra-low latency market data technology, has launched a new time synchronisation service covering major US financial exchanges that is precise to sub-nanoseconds.
Nikita Fadeev, the 29-year-old head of Fasanara Digital, is actively hiring experienced quants and developers to join his crypto hedge fund as the sector experiences renewed momentum, according to a report by eFinancial Careers.
Hedge fund DE Shaw has taken a €102m ($108m) short position against German multinational pharmaceutical and biotechnology company Bayer, according to a report by Reuters citing a regulatory filing made in Germany on Tuesday.
Liquidnet has launched SmartDark, the latest algorithm for its equities platform, which is designed to enhance how institutional traders can execute trades through prioritised routing with larger executions and better price stability.
