Multi-strategy hedge fund Brevan Howard has significantly increased compensation for its graduate recruits, lifting starting pay from £90,000 to £150,000 as competition for junior talent intensifies across the sector, according to a report by eFinancial careers.

Jain Global, the hedge fund founded by Bobby Jain, former co-CIO at Millennium, has added a new portfolio manager to its London team – Zhichao Cai, previously a quantitative researcher at Eisler Capital – according to a report by eFinancial Careers.

Hedge fund Point72 Asset Management, led by Steve Cohen, has recruited Ryan Sheffler from Castleton Commodities International to lead an investment team focused on natural gas, according to a report by Reuters citing unnamed sources familiar with the matter.

Millennium Management has recruited Erdit Hoxha, co-head of global equities at Goldman Sachs, marking the latest high-profile hire from the investment bank by the $86bn multi-manager hedge fund, according to a report by the Financial Times.

Citadel portfolio manager Matt Wolcott has joined rival multi-strategy hedge fund Jain Global, underscoring continued competition for talent despite divergent performance profiles, according to a report by eFinancial Careers.

Hedge fund Hudson Bay Capital Management is set to lose two senior Dubai-based executives, husband-and-wife trading team Chiara and Antoine Chabanne, who are joining Dymon Asia Capital, according to a report by Bloomberg citing unnamed sources familiar with the move.

Douglas Cypel, Citi’s Paris-based head of G3 inflation trading, has left the bank and is set to join hedge fund Brevan Howard, according to a report by eFinancial Craeers citing unnamed people familiar with the matter.

One River Asset Management is set to acquire the quantitative investment unit of LGT Capital Partners, a move that will increase the Connecticut-based hedge fund’s assets under management by roughly a third to about $3bn, according to a report by Bloomberg.

Lucerne Capital Management has appointed Frank Austin as Portfolio Manager, with responsibility for leading the firm’s US farmland investment strategy. Austin has more than a decade of experience in institutional farmland investing.

MarketAxess, the operator of an electronic trading platform for fixed income securities, has appointed William Quan as the firm’s Chief Technology Officer.