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Dmitry Balyasny’s hedge fund, Balyasny Asset Management, has reduced its headcount by nearly 18% to 219 employees by the end of 2023, down from 266 in the previous year, according to a report by Financial News citing the firm’s latest financial reports.Â
Aaron Weiner, formerly of Coatue Management, is set to establish his own hedge fund with substantial backing from Izzy Englander’s Millennium Management, according to a report by Bloomberg.Â
Bobby Jain’s new hedge fund firm, Jain Global, is poised to employ over 30 staff members in Asia by its July launch, leveraging a management model that will give local leaders key responsibilities like hiring and risk management, according to a report by Bloomberg.Â
Frank Mercado, the owner of hedge fund firm Tiger-Wolf Capital, has admitted to wire fraud, confessing to defrauding over 100 victims out of more than $700,000 through a fraudulent investment scheme, according to a report by Business North Carolina.Â
Derivatives and securities exchange network Cboe Global Markets is expanding its collaboration with global index provider FTSE Russell by developing new derivatives products, potentially beginning with cash-settled index options tied to the FTSE Bitcoin Index and the FTSE Ethereum Index.
CLS, a financial market infrastructure group delivering settlement, processing and data solutions, has appointed five new members to its board of directors at the CLS Annual General Meeting held on 4 June 2024.
The US Securities and Exchange Commission has imposed its first significant penalty as part of an extensive investigation into activist short sellers, fining Anson Funds Management and Anson Advisors a combined $2.5m, according to a report by Bloomberg.
Jain Global, former Millennium Co-Chief Investment Officer Bobby Jain’s new hedge fund firm, which is gearing up to launch later this summer, has added former Credit Suisse Vice President Emily Facchina Fluet to its London trading desk, according to a report by The TRADE.
An insider trading case involving Asian hedge fund Segantii Capital Management, its British founder, Simon Sadler, and a former trader, will now be heard in a higher court in Hong Kong following a request from the prosecution, according to a report by Reuters.
BlackRock has received partial support from influential proxy adviser Institutional Shareholder Services while activist hedge fund Saba Capital Management attempts to remove the investment giant, as the manager of two closed-end funds totalling approximately $2bn in assets.
