Latest News
Balyasny Asset Management, the multi-strategy hedge fund firm founded by Dmitry Balyasny, has appointed Aditya Singh, a former Goldman Sachs director, as a macro portfolio manager, according to report by Financial News.
abrdn has closed its Global Risk Mitigation Fund, citing poor returns and lack of investor interest. The hedge fund, which had struggled with negative performance since its inception, officially ceased operations on 30 August, according to a report by the Financial Standard.
TOP STORY: Regal Partners Ltd, the Australian hedge fund firm born out of the merger of Regal Funds Management and VGI Partners in 2022, is seeking approximately $1bn in new capital for its latest Cayman Islands-based based fund, as part of broader expansion efforts, according to a report by Bloomberg.
Marc Helfman, who has served as Head of Cybersecurity at hedge fund Schonfeld for the past eight years, has left the firm, according to a report by eFinancial Careers. Helfman is believed to have resigned although Schonfeld has declined to comment on his departure.
The US Securities and Exchange Commission has abandoned its legal efforts to revive a rule mandating increased hedge fund and private equity fee disclosures, following a court setback in Chair Gary Gensler’s campaign for greater transparency in the private funds sector, according to a report by Bloomberg.
Global fintech Broadridge Financial Solutions has launched Tradeverse, a new data platform that the firm says will help trading firms eliminate data silos, and better manage costs, reconciliation, and the quality of their data.
Citadel Securities, the market-making firm founded by Ken Griffin, has seen two of its senior female staff depart for hedge fund roles, despite the firm enjoying a stellar 2024 with an 81% revenue surge, according to a report by eFinancial Careers.
The Hedge Fund Association has announced the results of its 2024 Global Board of Directors election, with the re-election of Bo Megginson and the election of Alex Contreras and Leanne Golding as new board members.
Ace Capital Gestao de Recursos Ltda, a Brazilian hedge fund firm led by former Banco Santander SA traders, has enhanced its computer-driven investment strategies with the acquisition of quant investment firm Saires Capital Gestão de Recursos Ltda.
Goldman Sachs’ private equity investment firm, Petershill Partners, has sold an 18% stake in hedge fund LMR Partners for up to $258m in a move aimed at addressing investor concerns about the accuracy of the firm’s asset valuations, according to a report by The Times.
