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Two Sigma, a quant hedge fund with nearly $60bn in AUM, has put one of its researchers on leave after the employee tampered with the firm’s investment models, resulting in some clients losing money, according to a report by Bloomberg.
Odey Asset Management’s flagship European Inc hedge fund is to be relaunched at Bainbridge Partners with manager Freddie Neave joining the firm too, after talks over a transfer to Landseer Asset Management collapsed, according to a report by Bloomberg.
Hazeltree, a provider of treasury and liquidity management solutions for the asset management industry, including hedge funds, asset managers, and fund administrators, has appointed industry veteran Stephanie D Miller as the company’s President, Chief Executive Officer, and Board Director.Â
KCL Capital, the stock focused hedge fund firm founded by Point72 alumni Chris LaSusa and Kevin Cottrell has closed after nearly six years, with Cottrell moving to multi-strategy investment firm Balyasny Asset Management, according to a report by Bloomberg.
Lacklustre performance so far this year at Balyasny Asset Managament has prompted Jeff Runnfeldt to quit his role as Global Head of Equities at the multi-strategy major, according to a report by Bloomberg.
Canoe Intelligence, a financial technology company providing the alternatives industry with smarter data management, has made five senior hires to support the business’ global expansion, client growth, and ongoing operations.
Quant hedge fund major AQR Capital Management upped its average pay to its 32 UK-based AQR Capital Management (Europe) staff by 2% in 2022 to £272k ($331k) per head, up from £266k ($324k) per head paid in 2021 to 35 people, according to a report by eFinancial Careers.
Michael Turner, the CEO of Man Group’s solutions business Man Solutions, and the former CEO of the group’s specialist hedge fund division Man FRM, has left after 16 years with the company, according to a report by CityWire.
Kevin Zadourian, a seasoned private funds lawyer and former General Counsel and Chief Compliance Officer at Glazer Capital, has joined US law firm Lowenstein Sandler, as counsel in the firm’s New York office.
A 300% surge in graduate applications this year has prompted Rokos Capital Management, a $15.5bn London-based hedge fund firm, to draw up plans to ramp up its graduate intake programme next year, according to a report by Financial News.
