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Dimitry Balasny, the boss of Balyasny Asset Management, has gone ‘back to school’ as part of an initiative to ensure the global multi-strategy hedge fund firm is able to recruit and train the ‘best people’, according to a report by eFinancial Careers.
Avelacom, a provider of connectivity & IT infrastructure solutions designed to improve market making, arbitrage and liquidity aggregation strategies, has completed its backhaul network upgrade, resulting in latency improvements between European and US exchanges and those in Asia and the Middle East.
Options Technology, a capital markets services provider has formed a new partnership with Systemathics, a solutions provider in the asset management and the algorithmic trading industry to launch a ‘next generation’ market data solution.
Blackwells Capital, the activist hedge fund firm founded by Jason Aintabi, is gearing up to challenge for a change in boardroom personnel at US fast-food dining chain Wendy’s Co, according to a report by Reuters.
Hedge funds upped bearish bets on the yen last week to the highest level seen since April 2022 on the back of growing speculation that the currency’s recent rebound will be short-lived, according to a report by Bloomberg.
San Franciso-based fintech startup Playfair Tech has unveiled a new AI engine designed to help hedge funds better predict market trends and process millions of data points from platforms such as Twitter, Reddit and Instagram.
Trend-following hedge funds went into the final month of the year in bullish mood, adding US, European and Japanese stocks to their holdings, according to a report by Reuters citing a prime brokerage note from JP Morgan.
Stock-picking hedge funds have switched their attention from technology stocks – the mainstay of much of this year’s returns – to other sectors including banking and healthcare, according to a report by Reuters.
FlexTrade Systems, a specialist in multi-asset execution and order management systems, has partnered with BTON Financial to provide users of FlexTRADER EMS with access to AI-driven broker selection suggestions.
BTIG, a specialist in institutional trading, investment banking, research and related brokerage services, has promoted Jennifer Mermel to the newly-created role of Chief Strategy Officer and appointed Kyle Czepiel as Chief Operating Officer.
