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Despite making a loss of $21m in 2023, after seeing a profit of $77m in the previous year, hedge fund Point72 Asset Management’s London subsidiary Point72 UK Limited, has upped its headcount by 30%, according to a report by eFinancial Careers citing the company’s latest financial statements.
Kayenta, a hedge fund treasury technology provider, has appointed Matt Brady as Managing Director, Americas Head of Distribution. Brady has over two decades of experience, including roles at Morgan Stanley and Bank of America Merrill Lynch.
Hedge fund performance improved in July to an average weighted return of 0.6%, up from 0.4% in the previous month, with over two-thirds of strategies ending the month in positive territory, according to the latest Monthly Hedge Fund Update from Citco.
Multi-strategy hedge fund majors, Millennium Management and Balyasny Asset Management, have both recently made cuts to their portfolio management teams in Asia, with Senior Portfolio Managers among the departing staff, according to a report by eFinancial Careers.
US public pension plans with long-standing allocations to hedge fund strategies, including the Virginia Retirement System and the Texas County and District Retirement System, have reported strong gains as of June amid renewed interest in the asset class from institutional investors, according to a report by Alternatives Watch.
Paloma Partners, the multi-strategy hedge fund firm founded by Donald Sussman over 40 years ago, has appointed Pei Ng, a former executive from Brevan Howard Asset Management, as its new Chief Financial Officer, according to a report by Bloomberg.
Hong Kong-based hedge fund Strategic Vision Investment has wound down its primary Value Multiplier Fund, a long-short investment vehicle which focused on Chinese equities, according to a report by Reuters.
Multi-strategy hedge fund major Citadel has appointed Goldman Sachs’s Chief Technology Officer Atte Lahtiranta to lead its core engineering group, which is responsible for the tech that underpins the firm’s trading and risk management functions, according to a report by eFinancial Careers.
Citigroup Inc has observed a significant shift in carry trade strategies, with hedge funds increasingly borrowing US dollars rather than Japanese yen to invest in emerging-market currencies, according to a report by Bloomberg.
Mega-cap tech stocks remain the cornerstone of hedge funds’ top 20 equity positions, according to a report by MarketWatch citing recent analysis of 332 money managers with in excess of $1bn in AUM.
