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Quant hedge fund Renaissance Technologies was positioned to benefit from the meme stock mania sweeping the US this week, having added a new long position in GameStop and significantly increased its position in AMC Entertainment during Q1, according to a report by Reuters.
BlockTower Capital, an investment firm with $1.7bn in AUM, has experienced a security breach in its main hedge fund, leading to partial losses, according to a report by Bloomberg citing people familiar with the matter.Â
Jain Global, the hedge fund founded by former Millennium Co-Chief Investment Officer Bobby Jain which is set to make a much anticipated debut next month, has appointed David Salpeter as Head of Leveraged Finance in New York.
A 3.8% decline in April has prompted Brazilian hedge fund Verde Asset Management, which has a track record of strong performance since launching in 1997, to pare its bets on both domestic stocks and falling interest rates, according to a report by Bloomberg.
Lightkeeper, a provider of portfolio intelligence tools to the hedge fund sector, has launched Idea Analytics Software (IAS), a software solution purpose-built to deliver comprehensive analysis and attribution for all investment ideas.
Global financial services platform Marex has added Mark Ralph to its prime sales team based in London. In his new role, Ralph will serve hedge funds, family offices and private banks.Â
Jerome Saragoussi, Head of Macro Research and Strategy at Schonfeld Strategic Advisors, is leaving the firm to join Bridgewater Associates, the world’s largest hedge fund, in June, according to a report by Business Insider.
New York-based prime brokerage firm Clear Street has appointed Sean Hendelman, founder of T3, a trading, training and technology provider to professional traders, as Chief Executive Officer of its active trading division.
The prospect of softer US inflation bringing the outlook for monetary policy on both sides of the Atlantic closer in sync has pushed demand for options that pay out if the euro strengthens against the dollar over the next week to the highest seen since February, according to a report by Bloomberg.
Neil Phillips, the co-founder of hedge fund Glen Point Capital who was convicted of manipulating the US dollar-rand exchange rate to trigger a payout on a $20m option, should not be sent to prison, according to his lawyers.
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