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Major multi-strategy hedge funds firms are continuing to expand their technology capabilities, with both Millennium Management and Citadel adding senior engineering talent in New York, according to a report by eFinancial Careers.
Hedge fund firm Point72’s quant arm, Cubist Systematic Strategies, has seen another senior departure as Jae Ho Kim, head of portfolio research, has gone on gardening leave, according to a report by eFinancial Careers.
Balyasny Asset Management has strengthened its equities long-short platform with the appointment of Luka Spoljaric, who joins from rival firm Walleye after a brief hiatus from the market, according to a report by eFinancial Careers.Baly
Sequoia Capital Global Equities, the $9bn hedge fund affiliated with venture giant Sequoia Capital, has moved to a multi-leadership model following a series of performance and cultural challenges, according to a report by the Wall Street Journal.
Brevan Howard has grown its Abu Dhabi operation to 150 employees just two years after opening in the emirate, founder Alan Howard told delegates at Abu Dhabi Finance Week on Monday – signalling the firm’s deepening commitment to the region, according to a report by Reuters.
James Rubinstein, formerly head of execution services at hedge fund ExodusPoint, has joined electronic market maker GTS Securities as a managing director, according to a report by eFinancialCareers. He is understood to have started in the New York-based role around two weeks ago.
UK hedge funds and financial firms are expressing concern after the government revived plans to reform non-compete clauses in employment contracts, raising the prospect of an outright ban or tighter time limits, according to a report by Bloomberg. Proposals published alongside last week’s budget seek industry feedback on whether post-employment restrictions should be capped at three or six months, or removed entirely.
Nicolas Meiller, who departed Eisler Capital earlier this year, has joined Millennium Capital Partners as a partner in London, according to a report by eFinancialCareers.
Singapore-based multi-strategy manager Dymon Asia Capital has recorded a strong year, with Business Insider reporting that it posted a 16% return to November, outpacing peers including ExodusPoint and Balyasny. The firm has also scaled aggressively across teams and locations, adding 19 portfolio managers and close to 100 staff as it broadens its regional platform, according to a report by eFinancialCareers.
Citigroup has hired Bank of America executive Jillian Snyder as head of capital introductions for North America, according to a report by Reuters citing a person familiar with the matter.
