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A hedge fund founded by Instacart co-founder Apoorva Mehta is using artificial intelligence agents to run much of its investment process, in one of the more aggressive attempts yet to replace traditional portfolio management with AI systems, according to a report by Bloomberg.
BMLL Technologies has partnered with SpiderRock to expand its cross-asset analytics offering, with the integration of SpiderRock’s US equity options print dataset into the BMLL Data Lab.
US asset manager Voya Financial is under increasing pressure from activist hedge fund TOMS Capital Investment Management to consider strategic alternatives, including a potential sale of the firm or divestment of parts of its business, according to a report by the Financial Times.
Trading Academy has launched a new advanced training programme aimed at preparing participants for careers in hedge funds and institutional asset management, with a strong emphasis on real-world application and live market experience.
Greg Coffey’s Kirkoswald Asset Management is moving to secure longer-term investor capital by launching a new share class that could require clients to wait up to five years to fully redeem their investments, according to a report by Bloomberg.
Citadel has indicated it may reconsider plans for a major Midtown Manhattan office redevelopment, as tensions rise over proposed tax measures targeting high-net-worth individuals, according to a report by Barron’s.
The Andurand Commodities Discretionary Enhanced strategy – the flagship hedge fund run by veteran oil trader Pierre Andurand – has suffered steep losses in April, highlighting the volatility of energy markets amid shifting geopolitical dynamics, according to a report by Bloomberg.
Hedge fund investors continued to scale back redemption intentions in April, with the SS&C GlobeOp Forward Redemption Indicator falling to 1.26%, down from 1.90% in March and below the 1.85% level recorded a year earlier, according to data from SS&C Technologies.
FengHe Fund Management co-founder Matt Hu is continuing to scale one of Asia’s fastest-growing hedge funds using an unusually centralised and highly structured investment process, according to a report by Bloomberg.
Citadel has reshaped key parts of its investor recruitment and business development function as competition for senior investment talent intensifies across the hedge fund industry, according to a report by Business Insider.
