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A student investment contest backed by Point72 Asset Management and BlackRock is gaining traction as a recruitment channel for identifying emerging finance talent in Japan, where firms face a tightening graduate labour market and shifting career preferences, according to a report by Bloomberg.
Asian hedge funds, including Trivest Advisors, posted widespread losses in March as the escalation of the conflict involving the US, Israel, and Iran triggered sharp and rapid swings across global markets, catching many strategies off guard, according to a report by Bloomberg.
Options traders are increasingly rotating away from broad macro protection strategies and back into single-stock positioning, as improving risk sentiment and a sharp equity rebound shift attention toward the upcoming earnings season, according to a report by Bloomberg.
Competition for investment talent in the hedge fund industry has intensified further, with firms increasingly resorting to last-minute recruitment tactics and escalating compensation packages to secure and retain top traders, according to a report by Bloomberg.
Sjoerd Gehring, chief people officer at Citadel, has left the $67bn hedge fund less than two years after joining from Apple, underscoring ongoing leadership churn amid fierce competition for investment and recruitment talent across the industry, according to a report by Business Insider.
Rising leverage among hedge funds in US government bonds is increasing the risk of abrupt market dislocations that could reverberate through global fixed income markets, according to a report by Bloomberg citing comments by Apollo Global Management chief economist Torsten Slok.
Citadel founder Ken Griffin has purchased a duplex apartment next to one of his existing New York properties for $38m, continuing his expansion of a global luxury real estate portfolio that already spans several major cities, according to a report by the Wall Street Journal.
Hedge funds are on course to deliver their strongest monthly performance in more than a decade, buoyed by a sharp rebound in markets following a turbulent March and a shift in geopolitical sentiment, according to a report by Bloomberg.
The Association of Investment Companies has issued a fresh appeal to shareholders of Edinburgh Worldwide Investment Trust (EWIT), calling on them to oppose a renewed attempt by Saba Capital Management to seize control of the trust’s board, according to a report by the Herald.
Multi-strategy major Millennium Management has added to its quantitative investment capabilities with the appointment of Anissa Dhouibi, who has joined the firm after departing Citigroup, according to a report byeFinancial Careers.
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