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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.
Citadel has added a new research analyst to its London team, appointing Ben Poster who brings senior buy-side experience from a traditional asset management firm to the business, according to a report by eFinancial Careers.
Citadel’s decision to ask some members of its Hong Kong-based global quantitative strategies (GQS) team to relocate was part of a global strategy to bring teams closer together and not related to concerns over data security, as claimed in a Financial Times report on Wednesday.Â
