In a significant restructuring of its real estate and equities divisions, Seth Klarman’s Baupost Group has cut approximately 19% of its investing staff, the largest staffing in the hedge fund’s 42-year history, according to a report by Bloomberg.
Citadel has appointed Nathan Perrone from multi-strategy rival Millennium as its new Chief Compliance Officer for its global equities and Ashler Capital businesses – two of the firm’s four fundamental long/short strategies – according to a report by eFinancial Careers.
Hedge fund Balyasny Asset Management has added Sean Hammersley as a portfolio manager, according to a report by eFinancial Careers.
Taproot Management, a new hedge fund with a planned $500m launch next year, is forgoing expensive portfolio managers in favour of a team of analysts, according to a report by Bloomberg.
Diversified financial services firm Clear Street has appointed Atul Pawar as Chief Risk Officer, who will join in July after two decades at Goldman Sachs, where he was most recently Head of US Prime, Clearing, FCM and Counterparty Risk.
Bobby Jain’s multibillion-dollar hedge fund Jain Global has recruited more than 10 portfolio managers for its London office, pushing the total above 50 members as it prepares for its debut on 1 July, according to a report by Financial News.
Billionaire Michael Platt’s hedge fund BlueCrest Capital Management has added José Arivar De Lira Junior as a senior portfolio manager in London, according to a Companies House filing on 24 June.
The DTCC, a provider of post-trade market infrastructure for the global financial services industry, has added Brian Gallagher, Christopher Gelvin, Jon Herrick and Igor Modlin to its board of directors.
Bobby Jain’s new hedge fund, Jain Global, has added Joanne Lim, a former senior trader at Balyasny Asset Management, to its Hong Kong office, according to a report by Financial News.
Global strategy consulting firm Stax has opened a new office in London, following the January hiring of Phil Dunne as managing director to lead the firm’s UK and EMEA practice.
