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As major banks makes significant staffing cuts, hedge fund Marshall Wace is continuing its hiring spree with the London-based firm adding to its headcount on both sides of the pond, according to a report by eFinancial Careers.
Saba Capital, a $4.4 billion New York-based activist hedge fund firm founded by Boaz Weinstein, has emerged as a major shareholder in Regal Partners’ listed VG1 fund with a 5% stake in the investment vehicle, according to a report by the Financial Review.
Morgan Stanley has appointed Charlotte Creager, an executive director in emerging markets at Goldman Sachs, as the bank’s new head of European hedge fund credit sales based in London, according to a report by eFinancial Careers.
Creager spent 14 years in total with Goldman Sachs, first in London before moving to New York in September 2019 to focus on emerging markets fixed income. Prior to Goldman, she spent three years at JP Morgan in London.
Creager is the latest Goldman Sachs hedge fund sales exec to make the switch to Morgan Stanley following the appointment Brett le Roux, a nine-year
AlphaGrep, a global multi-asset, quant-based proprietary trading firm founded in 2010 by University of Pennsylvania alumni duo Mohit Mutreja and Parshant Mittal, has appointed Bhautik Ambani as the chief executive officer of its domestic investment management unit in India.
In his new role, Bhautik, who helped the firm launch its maiden AlphaMine Absolute Return Fund – a Category III alternative investment fund – will be responsible for driving business growth, strengthening and expanding the firm’s domestic presence, and enhancing customer experience.
Prior to joining AlphaGrep, Bhautik was a managing director & partner at Avendus Capital Public Markets Alternate Strategies.
Most hedge fund firms view outsourcing in terms of both advantages and limitations. But as more managers outsource more functions, the idea of red lines is becoming increasingly blurred.
From inhouse automation to partial outsourcing and full-team lift-outs, the ways hedge fund firms manage their operational functions is evolving – with fewer parts of the business left untouched.
Has the hedge fund outsourcing trend peaked? As a host of forces in 2023 increase the pressure on managers to do more with less, our research suggests that, if anything, it’s accelerating.
A surge in redemption requests from investors after the ouster of founder Crispin Odey following multiple allegations of sexual assault, has prompted Odey Asset Management to suspend two funds, including the firm’s flagship hedge fund, according to a report by Bloomberg.
BFAM Partners, the Hong Kong and New York-based hedge fund firm founded by Benjamin Fuchs, has closed its London office after parting company with one of its most senior portfolio managers, Emmanuel Slezack, according to a report by Bloomberg.
The report cites an email from BFAM as confirming the departure of Slezack who led equity volatility trading at the firm. His departure follows those of Eugene Fung and Danny Scinto, with all three having previously served as senior portfolio managers heading separate strategies under founder and CIO Fuchs.
At its peak, BFAM, which was founded in 2012, oversaw about
Oasis Management, the Hong Kong-based activist hedge fund firm that owns 14% of Wagamama owner The Restaurant Group, has aired fresh concerns over the management of the company following the departure of chief financial officer Kirk Davis, according to a report by Proactive Investors.
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