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TOP STORY: Chaitanya Mehra, head of a diversified commodities platform at Millennium Management, is spinning out to launch Echion Capital with $1.5bn in backing from Izzy Englander’s multi-strategy hedge fund firm, according to a report by Bloomberg.
Hedge fund DE Shaw has become the second activist investor to call on CoStar Group to abandon its Homes.com-led residential business, echoing demands made recently by Daniel Loeb’s Third Point, according to a report by RisMedia.
Multi-strategy hedge fund Jain Global has strengthened its macro trading capability with the hire of Jiujiu Xiong, a senior rates trader formerly at Barclays, according to a report by Financial News London citing unnamed people familiar with the move.
UK regulators have disclosed that an internal investigation at Odey Asset Management uncovered at least 46 allegations of inappropriate conduct against founder Crispin Odey over a 17-year period, according to a report by Bloomberg citing filings released by the Financial Conduct Authority.
Tiger Global Management, the hedge fund firm founded by Chase Coleman, is opening a San Francisco office in the Transamerica Pyramid, marking a strategic move into the heart of the city’s tech and AI hub, according to a report by Bloomberg.
Hedge funds are rebuilding short-yen positions, positioning for renewed currency weakness, on the back of comments by Prime Minister Sanae Takaichi, as Japan heads into a closely watched general election this weekend, according to a report by Bloomberg.
Man Group, the world’s largest listed hedge fund, has appointed Colin Bell, the former head of HSBC’s European operations, as a non-executive director, strengthening its board with additional banking, regulatory and technology expertise, according to a report by Financial News London.
Singapore’s sovereign wealth giants GIC and Temasek are making significant changes to how they engage with hedge funds, moves that could influence billions of dollars of institutional capital flows across the sector, according to a report by Bloomberg.
Rob Citrone’s macro hedge fund Discovery Capital posted its best monthly performance since November 2024, gaining 7.5% in January, according to a a report by Financial News London citing an unnamed source familiar with the matter.
Singapore-based Dymon Asia has reported its strongest monthly performance since the launch of its multi-strategy fund in February 2020, with the vehicle gaining 5% in January, according to a report by Financial News London.
