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Ben Melkman, a former partner at Brevan Howard Asset Management and the founder of the now-shuttered Light Sky Macro fund, has become the latest ‘star’ trader to make a multi-strat move this year, ditching plans for a solo fund to join the team of macro specialists at Schonfeld Strategic Advisors.
The report cites Colin Lancaster, who runs Schonfeld’s Discretionary Macro & Fixed Income business with Mitesh Parikh, as confirming that Melkman signed a contract to join the New York-based hedge fund firm on Monday after months of negotiations. He will be a senior portfolio manager in the unit and is
Bainbridge Partners is to acquire three alternatives strategies from GAM Investments – GAM Opportunistic Credit, GAM Diversity and GAM Trading II – with combined assets of 80 million Swiss francs ($87 million), according to a report by Pensions & Investments.
The report cites Bainbridge CEO Antoine Haddad as confirming the transfer, which is expected to be completed at the end of March.
The three funds are all moving from GAM’s $200 million alternative investment solutions platform, which the firm announced in November of last year that it was planning to close and return assets to investors.
HFR has launched the HFRI 400 (US) Indices, a family of investable indexes tracking private hedge funds and open to US taxable investors, making the HFRI 400 a suitable benchmark for US-based, taxable, high net worth and ultra-high net worth investors.
It’s been easy for digital asset hedge fund managers to look back of late. But what lies ahead? Consolidation, opportunity, and the looming question of regulation.
Institutional allocations to digital asset funds – a genuine prospect this time last year – have been delayed again after the events of last year. But other investor types see opportunities.
It’s been a little over three months since the collapse of FTX Trading and its cryptocurrency exchange. For fund managers, that’s a lifetime.
A new fund set to be launched by Todd Barker, the former head of the Surveyor Capital unit at Ken Griffin’s Citadel, is expected to raise over $1 billion making it one of the largest launches of the year, according to a report by Bloomberg.
Multi-strategy hedge fund Millennium has added several portfolio managers in Singapore just five months after moving to new larger premises in the city state last October, according to a report by eFinancial Careers.
The new arrivals include Kenneth Maples who joined the firm in Singapore after nearly eight years at Virtu Financial. He most recently served as head of trading for APAC but then spent 11 months seeing out a non-compete contract clause before joining Millennium.
Wissam Mezrani meanwhile, made his Millennium move after four and a half years as head of quant market making at Citi, while Ravish Kumar
Ten hedge funds and asset managers have launched two new lawsuits against the London Metal Exchange over the cancellation of billions of dollars of trades in the nickel market last year, according to a report by Reuters.
The US Securities and Exchange Commission has accused crypto hedge fund BKCoin Management and one of the firm’s co-founders, Min Woo “Kevin” Kang, of fraud and misusing investor funds and has successfully filed an emergency action to freeze assets and appoint a receiver for the business.
