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UK-based hedge fund Quadrature, which pays it staff £3m ($4m) on average – according to Companies House filings – has appointed Heath Windcliff, former Global Head of Electronic Client Solutions at JPMorgan, in an execution role in the firm’s soon-to-open New York office, according to report by eFinancial Careers.
Steve Cohen, the founder of US hedge fund major Point72 Asset Management, is stepping away from trading to focus on overseeing the firm he established a decade ago, including remaining actively involved in investment decisions as Co-Chief Investment Officer, according to a report by Bloomberg.
Rokos Capital Management, the hedge fund founded by Chris Rokos, saw its macro strategy suffer one of its steepest monthly declines in August as global market volatility spiked on concerns of a potential US recession, according to a report by Bloomberg,
Gary Stein, a former managing director at Goldman Sachs, has made his way back into banking after a brief stint at the hedge fund Millennium, landing a role at HSBC’s New York office as head of Latin American FX, according to a report by eFinancial Careers.
Hedge funds advanced 0.75% in August according to the gross return of the SS&C GlobeOp Hedge Fund Performance, while hedge fund flows, as measured by the SS&C GlobeOp Capital Movement Index, advanced 0.39% for September.
Hilbert Capital, the asset management division of Hilbert Group AB (Nasdaq: HILB B) and Xapo Bank have completed the launch of their BTC-denominated credit fund with BTC3000 in initial investments – currently valued at USD175m.
Brevan Howard has become the latest hedge fund to turn to the banking sector in its search for senior tech staff with the appointment of Mike Sanders from JPMorgan as its new Global Chief Technology Officer in London, according to a report by eFinancial Careers.
Philip King’s Regal Partners Ltd has made a bid to acquire rival Platinum Asset Management Ltd. as part of its aggressive expansion, which has seen its assets more than triple in the last two years, according to a report by Bloomberg.
Hedge funds have returned to buying financial sector stocks at the fastest pace since June 2023, with a particular focus on banks, insurance, and trading firms, according to a report by Reuters citing a note from the prime brokerage division at Goldman Sachs.
As China’s efforts to prop up the yuan begin to fade, data due out this week is expected to confirm that a once-popular strategy among foreign investors has lost momentum in August, according to a report by Bloomberg.
