People
OpenAI has hired Tejas Sharma, formerly head of data risk engineering at Citadel in London, as a member of technical staff, as talent migration from hedge funds and quantitative trading firms into AI labs extends beyond junior hires, according to a report by eFinancial Craeers.
Hedge fund Balyasny Asset Management’s latest intern cohort offers a snapshot of the firm’s highly selective recruitment strategy, with a strong emphasis on elite universities and quantitatively oriented academic backgrounds, according to a report by eFinancial careers.
Ken Griffin is accelerating the build-out of his Miami real estate and office campus after a public dispute over tax policy in New York reignited focus on Citadel’s long-term presence in Florida, according to a report by Bloomberg.
Hong Kong is preparing to introduce legislation that would significantly reduce the tax burden on performance-based compensation for hedge fund professionals and other alternative asset managers, according to a report by Bloomberg.
Marex has appointed Charlie Woodcock to its outsourced trading team in Hong Kong, further strengthening its execution capabilities across Asia. Woodcock joins from Outset Global where he provided execution and trading services to clients across Asia.
Capula Investment Management has hired Tom Bowles, the former head of portfolio management and later head of liquid alternatives trading at Man Group’s AHL quant division, marking another senior addition to the macro hedge fund’s investment team, according to a report by eFinancial Careers.
Magnetar Capital is preparing to launch a new investment fund that will rely on artificial intelligence agents rather than traditional teams of research analysts to identify and evaluate investment opportunities, according to a report by Bloomberg.
A legal battle between rival multi-manager hedge fund firms has intensified after Millennium Management portfolio manager Adam Grunfeld asked a New York court to dismiss claims brought against him by Schonfeld Strategic Advisors over a failed recruitment agreement, according to a report by Bloomberg.
A new industry survey has identified the recruitment firms most highly regarded by finance professionals for placing talent into hedge funds, with London-headquartered Paragon Alpha emerging as the highest-rated recruitment firm, according to a report by eFinancial Careers.
Ken Griffin’s Citadel and Citadel Securities are scaling up their campus recruiting effort, unveiling what is described as their most selective and largest internship cohort to date, as competition for quantitative and engineering talent intensifies across global markets, according to a report by Business Insider.
