Goldman Sachs is giving wealthy investors the chance to buy into Izzy Englander’s Millennium Management, one of the world’s largest hedge fund managers, with financial commitments of between $1m and $20m, according to a report by Bloomberg.
Bridgewater Associates fully exited its positions in US-listed Chinese equities during Q2, offloading roughly $1.5bn worth of shares in 16 companies and two China-focused ETFs, according a report by Reuters citing the firm’s latest 13F filing.
Squarepoint Capital is stepping up its expansion into physical metals trading with a significant hiring push, recruiting seven experienced traders from MRI Trading AG, a specialist metals firm founded by Marc Rich, according to a report by Bloomberg.
Australian fund managers are increasingly taking on hedge funds betting against lithium stocks, positioning for a rebound in prices that could force short sellers to cover and intensify the sector rally, according to a report by the Financial Review.
Maxwell Lee, a high-profile commodities hire at Jain Global, has left the firm less than 12 months after joining from Bank of America, according to a report by Business Insider citing unnamed people familiar with the matter.
London-based hedge fund Eisler Capital is facing a £2.5m ($3.4m) lawsuit from former trader Bharat Garg, who was dismissed after a delay in disclosing his arrest and multiple breaches of the firm’s compliance policies during his brief tenure at the
Broadridge Financial Solutions has teamed up with market data and analytics specialist BMLL Technologies to integrate advanced pre-trade analytics directly into its sell-side Global Order Management System (OMS) and Xilix Execution Management System (EMS) for buy-side clients in Japan.
Lorenzo Rossi’s London-based hedge fund Kedalion Capital Management is preparing to open to outside investors for the first time since securing backing from Izzy Englander’s Millennium Management, according to a report by Bloomberg.
An affiliate of hedge fund Elliott Investment Management has increased its bid for PDV Holding, the US parent of Venezuela-owned refiner Citgo Petroleum, to $8.82bn amid a heated court-supervised auction in Delaware, according to a report by Reuters.
Ryan Foster, a former senior portfolio manager at Millennium Management and ex-Soros credit investor, is launching a new credit hedge fund, Extant Capital, with $200m in seed capital from New Holland Capital, a $6bn alternative investor in external funds.
