Intelligence
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Intel
Sean Gambino, who closed his own Heron Bay Capital hedge fund firm in 2022 to join Eisler Capital, is leaving the multi-strategy investment firm to set up on his own again, according to a report by Bloomberg.
Intel
Multi-strategy major Citadel has parted company with two of its portfolio managers – Matthew Carter-Tracy and Jospeh DiGiacomo – while another – Ben Shapiro – is rejoining Ken Griffin’s $62bn firm, according to a report by Bloomberg.
Event
Hedgeweek’s fourth annual European Leadership Summit 2024 is set to feature some of the world’s largest hedge funds, with a host of high-profile firms joining the London event’s speaker line up.Â
Intel
The Securities and Exchange Commission has finally confirmed that it is to permit the creation and trading of spot bitcoin exchange-traded funds, with issuers and analysts anticipating billions of dollars of new flows as a result.
Intel
Multi-strategy major Millennium Management has provided $3bn to support the launch of Taula Capital, a new macro hedge fund, by former Millennium portfolio manager Diego Magia, according to a report by the Financial Times.
Intel
Activists have chosen their past targets well, with their campaigns helping to produce above-market shareholder returns, according to the latest Activist Alert from global professional services firm Alvarez & Marsal (A&M).
Intel
Former Millennium Management executive Bobby Jain is offering steep fee discounts to investors ahead of the launch of Jain Global, which is widely expected to be the largest hedge fund debut ever, in July this year, according to a report by Bloomberg.
Intel
Bridgewater Associates’ flagship macro hedge fund, the Pure Alpha II Fund, saw 7.5% of YTD gains wiped out in the final two months of last year to finish 2023 with a 7.6% decline, according to a report by Bloomberg.
Intel
Ken Griffin’s Citadel outperformed several big name multi-strategy rivals, including Millennium Management and Eisler Capital, in a challenging 2023, chalking up a 15.3% return for its main Wellington hedge fund, according to a report by Reuters.
Intel
Discovery Capital Management, the hedge fund firm led by ‘Tiger cub’ Rob Citrone, recorded a 48% return with its macro hedge fund in 2023, making it one of the top performers among funds betting on economic trends, according to a report by Bloomberg.
