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Taula Capital, the hedge fund founded by former Citadel and Millennium portfolio manager Diego Megia which launched in April with $5bn in assets and is on track to hit $6bn by March next year, has halted hiring after its headcount hit 77, according to a report by eFinancial Careers.
Pythagoras Investments, a New York-based cryptocurrency hedge fund, is to close its flagship Absolute Return Fund to new capital starting early next year following a surge in performance which has attracted significant investor interest, according to a report by Financial News.
Point72 Asset Management is expanding its Asia operations with the addition of two portfolio managers in Hong Kong from Symmetry Investments, as the $35bn hedge fund firm looks to capitalise on broader economic trends, according to a report by Bloomberg.
D2X has launched as the first MiFID-regulated crypto futures and options exchange operating seven-days-a-week with the aim of accelerating institutional adoption of digital assets by offering a compliant and secure trading platform.
A new platform from Navatar Group is aiming to help traders to tap into sell-side intelligence by automatically capturing and consolidating valuable insights gleaned from their daily interactions with bank and brokerage sales teams.
Several large hedge fund firms, including Balyasny Asset Management and Schonfeld Strategic Advisors, capitalised on the market turbulence triggered by Donald Trump’s re-election last month, positioning the industry for its best annual performance in four years, according to a report by Bloomberg.
Permutable AI, a fintech focused on AI, has launched what it says is the world’s first generative AI-powered API for commodities trading aimed at bringing advanced capabilities specifically to commodities trading desks.
Activist investment firm Metage Capital has called on HarbourVest Global Private Equity (HVPE) to either introduce quarterly tender offers to address its significant share price discount or liquidate its £3.4bn ($4.3bn) portfolio, according to a report by CityWire.
Hedge fund assets reached an all-time high of $4.5tn in October, driven by strong performance across several investment strategies, and underpinned by a 7.4% YTD return in the HFRI Fund Weighted Composite Index, according to a report by Wells Fargo analysts.
OSTTRA, the global post-trade solutions provider, has formed a strategic collaboration with fintech FIS Global aimed at bringing enhanced transparency to the exchange-traded derivatives (ETD) post-trade lifecycle.
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