People
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.
Multi-strategy hedge funds including Citadel, Point72 and Balyasny Asset Management are increasingly focused on developing junior talent in-house as competition and costs for experienced portfolio managers continue to rise, according to a report by eFinancial Career
Broadridge Financial Solutions has appointed Frank Troise as President, Global Capital Markets, effective immediately. He will report to Tom Carey, President, Global Technology & Operations at Broadridge, and join Broadridge’s Executive Leadership Team.
