Allocators are getting patient when it comes to emerging managers’ track records. They’re not getting patient with much else.
Citi has appointed Michael Yannell as head of hedge funds for investment solutions within its wealth division, as the bank continues to expand its alternatives platform and strengthen its hedge fund offering, according to a report by Citywire.
Millennium Management co-chief investment officer Paul Russo will retire at the end of 2026, marking the latest leadership change at the $89bn multistrategy hedge fund, according to a report by Bloomberg.
The transfer of more than $60tn in US wealth from baby boomers to younger generations over the next two decades is set to reshape capital flows into hedge funds and alternative investment managers according to a report by the FT.
Millennium Management, led by Izzy Englander (pictured) is preparing to raise at least $10bn for its flagship fund later this year, seeking to capitalise on continued investor demand for multistrategy hedge funds, according to Bloomberg.
Dubai’s commercial office market continues to show resilience despite ongoing geopolitical tensions, with demand from hedge funds, banks and other financial institutions underpinning occupancy and rental growth, according to a report by Bloomberg.
Activist investment firm Jana Partners has established a position in AI-focused data management company Everpure after accumulating shares under confidential treatment, according to a report by Yahoo Finance.
The rise of prediction markets is prompting hedge funds to reassess how they generate alpha, hedge risk, and extract market intelligence.
Trading Technologies (TT) has expanded its trade surveillance capabilities with the launch of new market replay and case management tools designed to improve monitoring across multiple asset classes.
The Magnificent Seven rebounded sharply on Monday as hedge funds unwound a popular relative-value trade that had favoured semiconductor stocks over mega-cap technology names, according to a report by Market Watch.
