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Citadel founder Ken Griffin (pictured) believes hedge funds need to consistently generate returns of around 4 percentage points above the risk-free rate if they are to continue attracting investor capital over the long term, according to a report by eFinancial Careers.
Specialty insurer Ategrity Specialty Insurance has appointed Neil Adler, chief financial officer of hedge fund manager Zimmer Financial Services, as its new finance chief following the departure of CFO Neelam Patel, according to a report by Business Insurance.
A Dutch institutional investor has filed a lawsuit against quantitative hedge fund AlphaQuest and its founder, Nigol Koulajian, alleging management failures and breaches of shareholder agreements following the firm’s decision to wind down its operations, according to a report by Bloomberg.
Quant hedge fund firm Qube is expanding its investment platform by establishing its first internally managed discretionary equity portfolio management team, marking a significant step beyond its traditional quantitative investing approach, according top a report by Business Insider.
Hedge funds extended their winning streak in June, according to data from HFR, delivering a third consecutive month of positive returns as equity markets reached new highs, artificial intelligence-driven stocks continued to rally and event-driven managers benefited from an active corporate and IPO environment.
Systematic hedge funds have suffered their weakest spell of performance since August after a sharp reversal in artificial intelligence-related trades triggered losses across some of the market’s most crowded positions, according to a report by Reuters citing a recent Goldman Sachs client note.
Multi-manager hedge fund ExodusPoint Capital Management has appointed Mehmet Bayraktar as its new Head of Equity Risk, strengthening its risk management team with an experienced quantitative investment specialist, according to a report by eFinancial Careers.
CME Group has introduced a new trading tool designed to simplify execution of US Treasury basis trades, a strategy widely used by hedge funds that has attracted increasing scrutiny from financial regulators over its potential impact on market stability, according to a report by the Financial Times.
The backdrop for currency carry trades is the most favourable it has been in more than 20 years, as wide interest rate differentials and subdued foreign exchange volatility create attractive opportunities for macro investors, according top a report by Bloomberg.
Multi-manager hedge fund Balyasny Asset Management has appointed Simon Moss as its new Head of Asia Equity Capital Markets (ECM), strengthening its capital markets team ahead of what is expected to be another active period for Asian equity issuance, according to a report by eFinancial Careers.
