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Millennium Management has strengthened its investment team in Switzerland with the appointment of Pierre-Anthony Badet as Senior Portfolio Manager in its Zug office, continuing the firm’s expansion across the EMEA region.
A rapidly growing leveraged exchange-traded fund has become a significant driver of trading activity in shares of AI memory chipmaker SK Hynix, adding a new source of volatility for hedge funds, according to a report by Bloomberg.
BlueCrest Capital Management has lost its appeal before the UK Supreme Court in a landmark tax dispute over the application of the UK’s salaried members rules, a ruling expected to influence partnership structures across the hedge fund industry, according to the FT.
Allocators are getting patient when it comes to emerging managers’ track records. They’re not getting patient with much else.
Citi has appointed Michael Yannell as head of hedge funds for investment solutions within its wealth division, as the bank continues to expand its alternatives platform and strengthen its hedge fund offering, according to a report by Citywire.
Millennium Management co-chief investment officer Paul Russo will retire at the end of 2026, marking the latest leadership change at the $89bn multistrategy hedge fund, according to a report by Bloomberg.
The transfer of more than $60tn in US wealth from baby boomers to younger generations over the next two decades is set to reshape capital flows into hedge funds and alternative investment managers according to a report by the FT.
Millennium Management, led by Izzy Englander (pictured) is preparing to raise at least $10bn for its flagship fund later this year, seeking to capitalise on continued investor demand for multistrategy hedge funds, according to Bloomberg.
Dubai’s commercial office market continues to show resilience despite ongoing geopolitical tensions, with demand from hedge funds, banks and other financial institutions underpinning occupancy and rental growth, according to a report by Bloomberg.
Activist investment firm Jana Partners has established a position in AI-focused data management company Everpure after accumulating shares under confidential treatment, according to a report by Yahoo Finance.
