People
Alphadyne Asset Management has joined the growing list of hedge funds aggressively recruiting senior talent from big banks’ commodity trading desks with the appointment of Thomas Byuen, JPMorgan’s Global Head of Commodity-Index Trading, as a portfolio manager.
Offshore law firm Ogier has appointed Dennis Li as a partner in its Hong Kong office, bringing in expertise in investment funds – including hedge and private equity funds – and digital assets. Li joins Ogier from Travers Thorp Alberga, where he served as counsel.
Singapore-based hedge fund Southern Ridges Capital, kicked off 2024 with high hopes, expanding its team by adding several new portfolio managers, but has now seen a wave of senior departures following a 3% loss in just three days in early August, according to a report by eFinancial Careers.
Despite its reputation for high pay, average salaries at multi-strategy hedge fund major Millennium’s London office fell below £1m ($1.31 million) for the first time ever last year, according to a report by eFinancial Careers.
Schonfeld, the top-performing multi-strategy hedge fund of 2024, which has outpaced rivals including Citadel and Millennium so far this year with a 13.1% gain, is continuing with a hiring push after growing its headcount by 11.2% YTD, eFinancial Careers.
Marex Prime Services is establishing a dedicated presence in Dubai, complementing the firm’s existing operations in the Middle East region with Mazen Najjar, who has more than 12 years’ experience in MENA financial services and prime brokerage sales, the first hire in the emirate.
Citadel, the $64bn multi-strategy hedge fund major, has ramped up its Asia fundamental equities team to more than 60 employees in just over three years, with the latest additions – Portfolio Managers Doris Yang and Jerry Jiang – set to join early next year, according to a report by the Business Times.
MFA has elected Jody Gunderson, Managing Principal of AB CarVal, as its new Board Chair and also named new members of its Board of Directors for the 2025 fiscal year, including execs from alternative asset management firms and service providers.
Axyon AI, which aims to improve asset manager performance by delivering alpha opportunities via AI-powered asset rankings and AI strategies, has appointed Professor Petter Kolm as a Scientific Advisor to the firm.
Millennium Management has added Gary Quaranta, a seasoned hedge fund professional with over two decades of experience, to its team as part of an ongoing push to strengthen its technology and data capabilities, according to a report by eFinancial Careers.
