People
Employee compensation remained a significant cost drag at Citadel last year, even as returns moderated, highlighting the structural pressures facing large multi-strategy hedge funds competing aggressively for talent, according to a report by Bloomberg.
Multi-strategy hedge fund Schonfeld Strategic Advisors has strengthened its volatility trading platform by hiring Arthur Goossens, formerly co-head of commodities trading at BNP Paribas, according to a report by Bloomberg.
Ken Griffin’s multi-strategy hedge fund major Citadel has appointed AJ Bolduc, formerly of Goldman Sachs, to head Asia trading and equity capital markets within its International Equities team in Hong Kong, according to a report by Bloomberg.
Lone Pine Capital has promoted long-time investor Rahul Anne to portfolio manager, marking the first such appointment at the $19bn hedge fund founded by Stephen Mandel Jr in more than a decade, according to a report by Business Insider.
Australian equities portfolio manager Frank Podrug is set to depart Cooper Investors later this month, according to market sources, to take up a new position with Sydney-based hedge fund firm Drummond Knight, according to a report by the Financial Review.
Herbert Filho, the former head of European credit trading and research at Morgan Stanley, has left Bobby Jain’s multi-strategy hedge fund Jain Global, according to a report by eFinancial Careers citing regulatory filings and market sources.
Quantitative multi-strategy hedge fund Squarepoint has hired Guillaume Legal as its new insurance-linked securities (ILS) portfolio manager, marking a further push into catastrophe bonds and reinsurance-linked investments, according to a report by Artemis.
Hong Kong-based Polymer Capital has added Balyasnay Asset Management’s Watson Lau as a portfolio manager, strengthening the fund’s long-short equities capabilities in Asia, according to a report by eFinancial Careers.
Hedge funds are looking to expand both their investment teams and business development capabilities in preparation for a busy 2026, with a record 45% of asset allocators planning to increase exposure to the sector, according to report by eFinancial Careers citing the findings of a recent survey by Goldman Sachs.
Multi-strategy hedge fund Jain Global has strengthened its macro trading capability with the hire of Jiujiu Xiong, a senior rates trader formerly at Barclays, according to a report by Financial News London citing unnamed people familiar with the move.
