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
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
Rokos Capital Management founder Chris Rokos is preparing to move his tax residency from the UK to Greece, highlighting the growing competition between European jurisdictions for wealthy hedge fund executives, according to a report by Bloomberg.
