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Hedge fund manager Boaz Weinstein has called on shareholders of seven UK investment trusts to revamp their boards due to underperformance, proposing his firm, Saba Capital, as replacement manager, according to a report by the Financial Times.
Point72 Asset Management’s systematic arm, Cubist Systematic Strategies, is ramping up its recruitment efforts, investing tens of millions of dollars to attract PhD graduates, quants from hedge funds, and high-frequency trading (HFT) experts, according to a report by Business Insider.
Portfolio Manager Britney Lam who joined Magellan Capital in May, has left the Dubai-based hedge fund firm just months before its anticipated $700m launch and is no longer based in Dubai, according to a Bloomberg report, citing unnamed sources.
Digital asset investment products recorded $3.2bn in inflows last week, with year-to-date inflows reaching $44.5bn, more than four times higher than any previous year, according to the latest Digital Asset Fund Flows Weekly Report from CoinShares.
Cloud-native financial technology firm Clear Street has expanded its recently launched equity research offering with the addition of healthcare franchise led by Director of Research Mara Goldstein, initially focusing on the biotechnology sector.
As debates swirl around the fiscal implications of the Trump administration’s proposed tax cuts and their potential to exacerbate the US budget deficit, Bridgewater Associates, the world’s largest hedge fund, sees little cause for alarm, according to a report by MorningStar.
Sam Hou, head of Cubist Systematic Strategies, the systematic arm of Point72, has left the hedge fund to join quant fund Qube Research & Technologies, according to a report by eFinancialCareers.
Asian hedge funds, including Hong Kong-based Monolith Management, are increasing their bets on Chinese tech giants including Xiaomi and Baidu, drawn by AI advancements despite the looming threat of stricter US export controls on advanced chips, according to a Reuters report.
Citadel has hired a second London-based Portfolio Manager from rival Elliott Investment Management, signalling its potential shift towards adopting activist strategies, according to a report by the Financial Times.
The University of Connecticut’s (UConn) endowment is moving away from hedge funds in favour of a more cost-efficient strategy involving buffer ETFs to manage risk in its $634m portfolio, according to a recent report by BNN Bloomberg.
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