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George Demain, Senior Portfolio Manager and Systematic Trader at Millennium Management, has left the firm just 20 months after joining the business, according to a report by Bloomberg citing people familiar with the matter.
A record-breaking surge in cocoa prices on the back of poor harvests in West Africa has prompted hedge funds and other speculative investors to pile into the market, according to a report by Bloomberg citing positioning data from CFTC.
Brevan Howard, the Jersey-based global macro hedge fund major founded by Alan Howard, has upgraded to Behavox’s Quantum AI solution, two years after first partnering with the provider of AI-driven compliance solutions.
The Hedgeweek European Leadership Summit is set to return to London on Thursday, 29 February, as operational leaders from some of the world’s leading hedge fund firms discuss their current challenges and key priorities for 2024.Â
Third Point, the $10.6bn hedge fund founded and run by Daniel Loeb, plans to invest in private credit, having bet on positive conditions for both equity and credit markets for 2024, according to a report by Reuters citing an investor note.Â
Options Technology, a specialist in capital markets infrastructure, has promoted Marlena Efstratopoulou, who previously held the roles of Chief Risk Officer and Chief Security Officer as the firm’s new Chief Information Security Officer.
Treasury transaction values and volumes among alternative and institutional fund clients of the Citco group of companies climbed 14% to a record $1.55tn in 2023, driven by increased demand for outsourced treasury management.
Rokos Capital Management and Bridgewater Associates were among several big hedge funds to up their holdings in shares on Nvidia at the end of last year, positioning themselves to benefit from the stock’s almost 50% gain so far in 2024, according to a report by Reuters.
British hedge fund trader Anthony Mark Peterson will admit to his part in a scheme that defrauded the Danish tax authorities of more than DKK9bn ($1.2bn) when his case is heard in court later this month, according to a report by Reuters.
Following a year of record losses, Element Capital Management, the global macro hedge fund firm founded by Jeffrey Talpins is planning to downsize its operation in terms of external investments and run mainly in-house capital, according to a report by Bloomberg.
