Latest News
TOP STORY: Hedge funds and brokerages have new requirements from the Securities and Exchange Commission to centrally clear far more of their US Treasuries trades in a structural overhaul for the $26tn market, according to a report by Bloomberg.
Hedge funds, including big name multi-strategy players Citadel and Millennium Management, are letting go of surplus staff as the year winds up, according to a report by eFinancial Careers.Â
Jain Capital, the yet to debut hedge fund founded by Bobby Jain, is all set to go on a hiring spree ahead of a “monster”, and largest ever hedge fund launch, according to a report by The Business Wire.
Six portfolio managers have left billionaire Izzy Englander’s multistrategy hedge fund Millennium Management, according to a report by Bloomberg. The report cites an unnamed person as the source familiar with the matter.
An alleged fraud in China that saw financial firms including a major hedge fund at its epicentre  has cautioned the industry, with investment managers, regulators and brokerages racing to improve risk monitoring, according to a report by Bloomberg.Â
Trading Technologies International, Inc (TT), a global capital markets technology platform provider, has launched two new lines of business, TT Compliance and TT Quantitative Trading Solutions (QTS), to further support the company’s growth into new asset classes.
The National Association of Private Fund Managers, along with the Alternative Investment Management Association and Managed Funds Association have filed a lawsuit asking the US Court of Appeals for the Fifth Circuit to invalidate two rules recently adopted by the Securities and Exchange Commission that require reporting and public disclosure of securities loans and short selling activity.
Aspect Capital, a London based hedge fund, will soon apply to qualify to set up shop in mainland China to establish onshore fundraising and offer its products, according to a report by The Business Times. The report cites two people familiar with the matter as confirming the story.
TOP STORY: Citadel, the hedge fund run by billionaire Ken Griffin, is planning to give back about $7 billion in profits to investors after a year of double-digit returns, according to a report by Reuters. The report cites sources familiar with the matter as confirming the $7bn returns.Â
Point72, the hedge fund led by billionaire Steve Cohen is expanding its macro trading team, according to a report by Bloomberg. According to the report, Cohen’s hedge fund is seeking to diversify its business, valued at $31bn
