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Former Goldman Sachs macro trading partner Stuart Riley has exited Tudor Investment Corporation after a brief 16-month stint, marking another move in a career spanning several high-profile hedge fund roles, according to a report by eFinancial Careers.
Ralph Shu is set to rejoin Millennium Management as a senior portfolio manager focused on yen rates trading, marking another high-profile move in the increasingly active Japanese government bond trading space, according to a report by Bloomberg.
Activist hedge fund Elliott Investment Management has stepped up its artificial intelligence strategy with the appointment of former Blackstone executive Teresa Sweeney to lead its global research and data science group, according to a report by Bloomberg.
Ken Griffin’s Market maker Citadel Securities has added more than 60 employees across Asia this year, underscoring the firm’s continued investment in the region as it expands its trading capabilities and intensifies competition with major Wall Street banks, according to a report by Bloomberg.
The founder of London-based hedge fund Davide Leone & Partners has been awarded more than £1.6m in legal costs after a court dismissed wide-ranging allegations of discrimination, harassment and bullying brought by a former senior employee, according to a report by Bloomberg.
Compensation for portfolio managers in London’s equities industry continues to show a wide dispersion between long-only and hedge fund strategies, with potential pay packets for the latter far in excess of the former, according to a report by eFinancial Careers.
Hedge fund-turned-family office BlueCrest Capital Management has recruited former Nomura Holdings Inc rates trader Takushi Sawada as a portfolio manager, according to a report by Bloomberg citing unnamed people familiar with the appointment.
Benjamin Nicholas Turner, a 26-year-old former Barclays trader has been promoted to partner at BlueCrest, marking an unusually fast rise within one of London’s best-known hedge fund organisations, according to a report by eFinancial Careers.
Citigroup is expanding its Asia-Pacific prime brokerage team as competition for hedge fund business across the region continues to accelerate, with the bank reportedly planning to increase headcount in the division by around 10% by the end of 2026, according to a report by Bloomberg.
London-based macro hedge funds are scaling back risk in UK government bond markets after sharp losses during March’s volatility reduced appetite for aggressive directional trades, rather than laying off portfolio managers, according to a report by eFinancial Careers.
