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Multi-strategy hedge fund Verition has hired veteran quantitative finance executive Jérôme Brochard as a managing director in London, adding further senior talent to its expanding European platform, according to a report by eFinancial Careers.
DE Shaw & Co is preparing to close its Lithic strategy to new investors, continuing a broader trend among large hedge funds of limiting asset growth even as demand for hedge fund exposure remains strong, according to a report by Bloomberg.
A number of leading hedge funds including Rokos Capital Management and Melqart Asset Management, delivered solid gains in May, as geopolitical tensions in the Middle East continued to drive sharp swings across rates, FX and commodity markets, according to a report by Bloomberg.
Senior sovereign debt officials are increasingly recognising the growing role of hedge funds in government bond markets, with some arguing that their presence is enhancing liquidity and price discovery, even as concerns about systemic risk remain, according to a report by Bloomberg.
The dominant investment strategy behind the AI trade is undergoing a shift, according to a report by Business Insider citing Atreides Management chief investment officer Gavin Baker, as markets move beyond short-term supply constraints toward longer-term value creation
Stable Asset Management, which takes GP stakes in hedge funds and other alternative investment firms, has strengthened its push into private credit by taking an ownership stake in European financing specialist Kinnerton Hill Capital, according to a report by Bloomberg.
Waypoint Trading Solutions, part of TNS, is expanding its European exchange connectivity network with a new presence at the Equinix MD6 Madrid Data Center, positioning itself ahead of planned infrastructure changes at Spain’s main market operator.
Former Federal Reserve governor Stephen Miran is rejoining hedge fund Hudson Bay Capital Management as a senior strategist, marking his return to the firm after a series of senior policy roles in Washington, according to a report by Bloomberg.