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Citadel, the $58bn multi-strategy hedge fund major founded by Ken Griffin, has appointed Rupee Yadav, a Partner at Goldman Sachs, as its new Head of Electronic Trading, according to a report by eFinancial Careers.
Digital asset investment products saw inflows totalling $932m last week, the second week of positive flows, according to the latest digital assets fund flows weekly report from CoinShares.
Ovata Capital Management, the Hong Kong-based hedge fund firm led by BlueCrest Capital Management alumnus James Chen, has aded four Portfolio Managers to its trading team after assets at the firm surpassed the $1.1bn mark, according to a report by Bloomberg citing an unnamed source with knowledge of the matter.
Multi-strategy hedge fund major Balyasny Asset Management has appointed Samuel Donat, the former Global Head of Corporate Technology at Millennium Management, as its new Head of Enterprise Technology, according to a report by eFinancial Careers.
New York-based hedge fund firm Soroban Capital Partners has built a $500m stake in HVAC control systems specialist Johnson Controls International, joining activist investor Elliott Investment Management as one of the company’s largest shareholders, according to a report by Bloomberg.
Jain Global, the much anticipated hedge fund set to be launched soon by former Millennium Management Co-Chief Investment Officer Bobby Jain is to commit a significant chunk of its investment funds to commodities – both derivatives and physical, according to a report by Bloomberg.
Hedge funds experienced their first negative month of the year in April, with a weighted average return of -0.7%, according to new data from Citco, but remain in positive territory for 2024 with a year-to-date weighted average return of 6.5%.
China’s Suning Holdings could be on the verge of losing control of Italian Serie A giants FC Internazionale Milan with the deadline to repay close to €400m in debt to Oaktree Capital Management looming large, according to a report by Bloomberg.
The chances of the US Federal Reserve cutting interest rates at any time this year have been pronounced “unlikely” by Richard Tang, Head of Global Markets at $17bn London-based macro hedge fund firm Rokos Capital Management.
Marshall Wace, the £50bn hedge fund firm founded by GB News co-owner Sir Paul Marshall, has taken short positions against two of Northern Ireland’s biggest tech companies – Belfast-based software group Kainos and Newry-based tech firm FD Technologies.
