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Credit-focused hedge fund GoldenTree Asset Management has appointed Ellen Conti as chief financial officer, bringing in a senior finance executive with experience at Sculptor Capital and other alternative investment managers, according to a report by Bloomberg.
Marex has appointed Allison DiClemente as global head of capital introduction, putting her in charge of a 13-person team tasked with helping hedge fund managers connect with institutional investors across key global markets.
Hedge fund manager Brian Kelly has built a trading firm around artificial intelligence agents rather than a traditional investment team, cutting annual labour-related costs from an estimated $5m to as little as $40,000, according to a report by CNBC.
Regulatory consultancy Iron Road Partners has hired James “Jim” McGovern as managing director, adding a former US Securities and Exchange Commission enforcement official with extensive experience running compliance functions at hedge fund managers.
Starteepo, a major shareholder in Xerox, is pushing the printer and business technology company to take steps to unlock value, including a strategic review of its financial services operation and a significant reduction in leverage, according to a report by Bloomberg.
Millennium Management is approaching the $100bn asset milestone as founder Izzy Englander continues to expand the multi-strategy hedge fund’s capital base, through a combination of scale and consistently strong returns, according to a report by Bloomberg.
CI Capital Asset Management is preparing to launch what is expected to be Egypt’s first equity-focused hedge fund, targeting EGP250m in assets during its first year of trading, according to a report by EnterpriseAM.
Millennium Management is negotiating with authorities in Geneva over a potential tax arrangement that could pave the way for an expansion of its presence in the French-speaking Swiss canton, according to a report by the Financial Times.
Oil prices moved closer to $100 a barrel on Monday as continued threats to shipping through the Strait of Hormuz combined with renewed Chinese crude buying to tighten the outlook for global supplies, according to a report by Bloomberg.
The rise of artificial intelligence and an on-going talent war were two of the driving forces behind Man Group’s decision to combine its two flagship quantitative investment businesses, AHL and Numeric, into a single $156bn systematic platform, according to a report by Business insider.
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