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Jordan Chirico, a former portfolio manager at Jefferies Financial, has resigned from his new role at restaurant franchiser FAT Brands, just two weeks amid serious fraud allegations linked to his previous position, according to a report by Bloomberg.
Global institutional trading network Liquidnet has appointed Jeffrey Crane as Head of International in the Americas. Crane is based in New York and reports directly to Alan Polo, Head of Equity Sales and Trading, Americas.
Global hedge funds have reduced their exposure to US software stocks to “new multi-year lows” following a broader sell-off in the technology sector, according to a report by Reuters citing a recent note from Morgan Stanley’s prime brokerage division.
Dmitry Green, the former Chief Risk Officer (CRO) at Rokos Capital Management, has left the firm approximately six months after it appointed a second individual to the same position, according to a report by Bloomberg.
Astant Global Management, a macro-focused alternative investment manager based in London, is gearing up to launch a new quantitative hedge fund strategy later this year which will leverage proprietary AI models, according to a report by Alternatives Watch.
Multi-strategy hedge fund major Millennium Management has appointed Jeevan Kayam, as its APAC Platform Execution Lead, according to a report by eFinancial Careers.
In an effort to bolster a struggling stock market, China’s securities regulator has implemented further restrictions on short-selling and committed to tighter oversight of computer-driven programme trading, according to a report by Reuters.
Hedge funds are currently holding the highest number of short positions in US corn futures on record, driven by expectations of increased supply and weak demand affecting prices, according to a report by Bloomberg.
Hedge funds, led by tech-centric firms including Whale Rock Capital Management and Light Street Capital Management, are on track for a year of bumper returns having recoded big gains in the first half of 2024, according to a report by Bloomberg.
Financial services software provider Iress has appointed Alistair Morgan to the newly created role of Executive Managing Director – UK.
