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Tristan Faber has joined Jain Global in London as the hedge fund’s Head of Platform, having spent two years leading the core quantitative platform for Point72’s macro team, according to a report by eFinancialCareers.
Eisler Capital has appointed two new Portfolio Managers: Gregory Bugaj, who joined this month in New York to oversee commodities portfolios, and Michael Pinelli, who will manage financial services portfolios, according to a report by eFinancial Careers.
Global hedge funds ramped up their bets against US stocks in the week leading up to 9 January, anticipating a strong US jobs report that triggered a Wall Street sell-off, according to a report by Reuters citing notes from Morgan Stanley and Goldman Sachs.Â
Quant hedge funds had a strong showing in 2024, much like their counterparts in the multistrategy space, as algorithm-driven firms achieved double-digit gains across various strategies, according to a report by Business Insider.
Scott Bessent, President-elect Donald Trump’s nominee for Treasury Secretary, plans to resign from macro hedge fund Key Square Group and divest his assets to prevent conflicts of interest if confirmed by the Senate, according to a report by Bloomberg.
John Overdeck and David Siegel, the billionaire Co-Founders of Two Sigma Investments, are set to enter arbitration following a long-running dispute over the future direction of the quantitative hedge fund, according to a report by Reuters.
Mulvaney Capital Management posted a 82.97% return for 2024, significantly improving from its 51.22% performance in 2023, according to a report by Reuters citing an investor letter.
Small cap equity manager Azarias Capital has appointed Jocelyn Dalkin as Chief Operating Officer and Chief Financial Officer effective immediately, and promoted Dan Petruzzi to Partner.
Point72 Asset Management, owned by billionaire Steve Cohen, plans to return between $3bn and $5bn to investors after achieving significant profits, according to a report by Bloomberg.Â
The Managed Funds Association has applauded the UK Parliament’s approved reforms to the short-selling regulation, with Rob Hailey, Managing Director, Head of EMEA Government Affairs, describing them as a win for the UK economy.
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