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Ken Griffin’s Citadel has joined the growing list of hedge funds and another investment firms tapping Morgan Stanley for new recruits with the appointment of Li Sun as a quantitative researcher focused on global credit.
Sun, a PhD physicist, spent almost nine years at Morgan Stanley, according to his LinkedIn profile. He first joined the business as an associate in the firm’s Beijing office in May 2014 before making a move to New York later that year and working his way up to vice president and finally executive director, apposition he held for over four years before agreeing to join
Activist investor ValueAct Capital is pushing Japanese retail group Seven & i Holdings to either spin off its 7-Eleven convenience store chain or consider selling the company in its entirety, according to a report by Reuters.
China-focused hedge-fund firm Snow Lake Capital Ltd has closed its office in Hong Kong after 12 years of operating in the city, according to a report by Bloomberg, citing unnamed sources familiar with the matter.
New Jersey based hedge fund Chatham Asset Management and the firm’s founder Anthony Melchiorre have agreed to pay more than $19.3 million to settle Securities and Exchange Commission (SEC) charges that they improperly traded fixed income securities.
The Supervisory Board of European Commodity Clearing AG has appointed Dr Tobias Paulun as the new CEO of the clearing house, effective from 1 April. The 41-year-old, who holds a doctorate in engineering and economics, will relinquish his previous position as chief strategy officer of the European Energy Exchange AG.
GCEX, a prime brokerage in digital assets and FX, has released XplorDigital trading solutions, including two new proprietary trading platforms – XplorSpot and XplorTrader – to help brokers, fund managers, hedge funds and professional traders operate more efficiently.
Aquis Technologies, a division of Aquis Exchange, a specialist in financial markets and trading technology, has launched Aquis Equinox, which it says is the world’s first regulated market-grade 24/7 matching engine, never requiring shut down or downtime.
Global markets demonstrated the madness of the proverbial March hare last month, as the demise of not one, but three banks, in a matter of days triggered turmoil that provided hedge funds with plenty of challenges, but investment opportunities too.
The recent bond market turmoil triggered by the collapse of Silicon Valley Bank, Signature Bank and Credit Suisse, caught out many macro and trend-following hedge funds, according to a report by the Financial Times, with monthly losses among the worst seen since the Dotcom bust.
Sachem Head Capital Management, an activist hedge fund firm founded by Scott Ferguson in 2012, has urged US aluminium sheet maker Arconic to execute its plan to sell itself, after acquiring a stake in the business, according to a report by Reuters.
