Latest News
Doug Haynes, a former President at Steve Cohen’s Point72 Asset Management until he resigned in 2018 having been named a defendant in a sexual discrimination lawsuit which was settled in 2020, is looking to raise $1bn for his new fund Norias, according to a report by Business Insider.
Florida-based hedge fund manager Michael Wayne Williams has pleaded guilty in the Southern District of Ohio to using his company as part of a Ponzi scheme that defrauded investors of millions of dollars over a number of years.
According to court documents, Williams, 48, was the chief executive officer and investment manager of Highguard Capital and its affiliated entities, Guardian Opportunity Fund and Guardian Opportunity Management. Williams convinced victims to invest over $3 million in Guardian Opportunity Management and used their money for undisclosed and unauthorised purposes, including to settle civil lawsuits accusing him of fraud and to repay investors
Mark Edwards, the Chief Executive Officer of Rokos Capital Management, is to step down from the role in the first quarter of 2023, with a small group of executives then set to share senior management responsibilities at the firm, according to a report by Bloomberg.
US regulators including the SEC and the Financial Stability Oversight Council are considering a range of measures aimed at curbing highly leveraged trading by hedge fund firms, due to concerns over the risks posed by the practice to the wider financial system, according to a report by Bloomberg.
Options Technology, a provider of cloud-enabled managed services to the global capital markets, has successfully deployed a NYSE Chicago Integrated Feed to ActivFeed aimed at delivering enhanced performance for traders.
Man Group, the world’s largest listed hedge fund firm has reported its first set of results since Robyn Grew assumed the role of CEO, with assets under management increasing to $161.2bn, just short of analyst expectations, according to a report by Reuters.
Bridgewater Associates, one of the world’s biggest hedge funds, has made two additions to its operating Board of directors, with the appointment of risk expert Helene Glotzer and AI expert Jason Warner, according to a report by Reuters.
The complexity of trade surveillance is continuing to grow, as firms struggle with record volatility, high volumes and fragmented markets, according to a new research report from Acuiti, a management intelligence platform for serving hedge fund, proprietary traders and asset managers.
Siepe, a provider of technology-enabled services and compliance and reporting for the credit and hedge fund industries, from emerging managers through to more complex, mature hedge funds, has appointed Mark Schultis as an Advisor.
Itau Asset Management, a Brazil-based money manager inspired by Ken Griffin’s Citadel and Izzy Englander’s Millennium Management, has appointed Bruno Serra, a former director at Brazil’s central bank, to raise money for a new family of funds in its mulitmesas (multi-strategy) unit.
