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US hedge fund North Rock Capital Management has hired Pierre Doulcet as a systematic equity portfolio manager in London, in what appears to be the first step in an expansion of its quantitative equities platform in Europe, according to a report by eFinancial Careers.
Cinctive Capital Management is expanding its multi-manager hedge fund platform with a new office in West Palm Beach and the appointment of two veteran portfolio managers who will focus on investments in the healthcare and technology sectors.
Multi-manager hedge fund Symmetry Investments has received regulatory approval to operate in Dubai, becoming the latest alternative investment firm to establish a presence in the UAE despite heightened geopolitical tensions in the region, according to a report by Bloomberg.
Veteran hedge fund manager Donald Sussman’s Paloma Partners is undertaking a major strategic overhaul, cutting the number of portfolio management teams it backs by around half as the firm refocuses on a smaller group of high-conviction trading strategies, according to a report by Bloomberg.
Electronic trading firm Hudson River Trading (HRT) has hired a senior executive from Citadel to lead debt investor relations, a move that could signal the firm’s intention to expand its funding capabilities as it continues to invest heavily in technology and artificial intelligence, according to a report by eFinancial Careers.
Royal Bank of Canada (RBC) is expanding its credit derivatives trading business across the US and Europe as growing debt issuance linked to artificial intelligence investment fuels demand from hedge funds and other institutional investors for credit hedging strategies, according to a report by Bloomberg.
Millennium Management is expanding its global footprint with plans to establish a presence in Brazil, hiring a former JPMorgan executive to spearhead the launch of a new office in São Paulo, according to a report by Bloomberg.
Millennium Management has strengthened its commodities platform with the hire of Amit Sinha, the former head of agricultural trading at Squarepoint Capital, as the multi-manager hedge fund continues to build out its agricultural commodities capabilities, according to a report by eFinancial Careers.
Specialty insurer Ategrity Specialty Insurance has appointed Neil Adler, chief financial officer of hedge fund manager Zimmer Financial Services, as its new finance chief following the departure of CFO Neelam Patel, according to a report by Business Insurance.
Quant hedge fund firm Qube is expanding its investment platform by establishing its first internally managed discretionary equity portfolio management team, marking a significant step beyond its traditional quantitative investing approach, according top a report by Business Insider.
