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Balyasny has lost the services of two senior engineers, with Connecticut-based Mark Franklin, who focuses on execution technology, joining Steve Cohen’s Point72, and London-based macro quant researcher Luke Pebody moving to Jane Street.
A fall in the main US stock market indexes last week which hit hedge funds’ long bets prompted managers to cut their exposure to domestic stocks, according to a report by Reuters citing a note by Morgan Stanley’s prime brokerage division.
Institutional digital assets firm Bequant has launched RiskQuant, a set of risk management tools comprising prime services, access to liquidity, custody, compliance and administrative tools.Â
Murex, a specialist in capital markets technology for the sell-side and buy-side, has partnered with fintech StarQube to offer a data-driven portfolio management system through the integrated MX.3 platform.
A group of institutional investors, led by the Teacher Retirement System of Texas, has written an open letter to the hedge funds industry, calling for managers to adopt “cash hurdles”, which must be reached before management fees are charged.
Digital asset investment products saw inflows for the fourth consecutive week last week totalling $185m, taking Toal inflow for the month of May to $2bn inflows and pushing year-to-date inflows past the $15bn mark, according to the latest digital assets fund flows weekly report from CoinShares.
A wave of takeover bids at UK companies targeted by short sellers has caught out hedge funds including Millennium Management, GLG and Gladstone Capital Management, prompting others to think twice about betting against UK stocks, according to a report by the Financial Times.
Liquidnet, a provider of technology-driven trading execution solutions, has launched Roll Seeker, a new tool designed to improve the efficiency of workflows associated with the execution of futures rolls.
Taula Capital, the new hedge fund firm founded by former Millennium Management senior trader Diego Megia, has closed to new money on its first day of trading after launching with $5bn in AUM, 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 for a much-anticipated July launch, has added Ian Harris as Head of Credit Risk in its London office, according to a report by eFinancial Careers.
