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Millennium Management is establishing a standalone credit trading business, separating it from its broader fixed income division, in a move reflecting continued evolution at the $83.4bn multi-strategy hedge fund, according to a report by Bloomberg.
Bridgewater Associates, the world’s largest hedge fund firm, said it remains positive on Chinese equities in 2026 after a strong rally in local markets helped its onshore hedge fund deliver its best performance in at least five years, according to a report by Bloomberg.
SkyBridge Capital is increasing its focus on macro trading strategies as heightened policy uncertainty under the US administration fuels market volatility, according to a report by Reuters citing founder and managing partner Anthony Scaramucci.
The Citco Group of Companies, an asset servicer for the alternative investment industry, has opened a new office in Dallas, Texas, bolstering support for current and prospective clients in Texas and the surrounding region.
Galaxy, the digital assets group founded by billionaire investor Mike Novogratz, is preparing to launch a $100m cryptocurrency-focused hedge fund as market volatility creates opportunities on both the long and short side, according to a report by the Financial Times.
Greenlight Capital, the hedge fund led by founder David Einhorn, is set to close its hedge fund to new capital from 1 July, citing fund size considerations and ongoing concerns about equity market valuations, according to a report by Bloomberg.
A team spun out of recently overhauled hedge fund Taconic Capital Advisors’ European credit platform has launched Dolomite Capital, an independent firm with $1.3bn in assets under management, according to a report by Bloomberg.
Brevan Howard has appointed Valdo Durrleman, a former Managing Director and second most senior quantitative strategist at now defunct Eisler Capital, as its new Head of Quantitative Analytics, according to a report by eFinancial careers.
The Bank of England is intensifying its focus on hedge fund leverage in the UK gilt repurchase agreement market, as concerns grow over concentration risk and potential threats to financial stability, according to a report by Bloomberg.