30 May 2024
Hedge funds sell-off US cyclical stocks at fastest rate this year
Hedge funds sold off US cyclical stocks at the fastest rate seen so far this year last week, also kicking off their largest sell-off of US…
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Millennium taps Citadel Securities APAC Systematic Trading Head
Stuart Currey, APAC Head of Systematic Trading at Citadel Securities, has become the latest senior figure from the market-making firm to…
Citadel flagship Wellington hits $14.5bn in assets
Wellington, the flagship fund at Ken Griffin's multi-strategy hedge fund firm Citadel, has surpassed $14.5bn in assets, having more than…
Quant hedge fund Engineers Gate sets up shop in Singapore
Engineers Gate, a New York-based quant firm founded nearly 10 years ago by Highbridge Capital co-founder Glenn Dubin which has more than…
Hedge funds up Magnificent Seven exposure to record level
Hedge funds have increased their exposure to the so-called Magnificent Seven tech stocks to a record high on the back of Nvidia's latest…
Trian boss Peltz sells Disney stake
Nelson Peltz, the boss of activist hedge fund firm Trian Fund Management, has sold his entire stake in Walt Disney Co weeks after losing a…
29 May 2024
BlueFlame taps Kepos Capital's Chu as CTO
BlueFlame AI, a generative AI platform that enables alternative investment managers to search and analyse their data and workflows, has…
Digital assets funds see third week of inflows at $1.05bn
Digital asset investment products saw inflows of $1.05bn last week, the third consecutive positive week, taking cumulative YTD flows to a…
Semi-retired JPMorgan MD joins ExodusPoint
Paul Meggyesi, a former JPMorgan managing director who has been 'semi-retired' since late 2022, has returned to full-time employment as a…
Gold futures up as hedge funds ramp up bullish bets
Gold futures rose 1% to $2,358 a troy ounce yesterday, making gains ahead of inflation data, as hedge funds ramped up their bullish bets on…
Defunct hedge fund Weiss should claw back $30m in bonus payouts, says Jefferies
Jefferies Financial Group, the main creditor of hedge fund Weiss Multi-Strategy Advisers, which went bust in April after over 40 years of…
California considers bill requiring state approval of PE healthcare acquisitions
The California State Assembly is considering a bill requiring private equity firms and hedge funds to obtain consent from the state's…
Elliott discloses $2.5bn Texas Instruments stake
Activist hedge fund firm Elliott Investment Management has disclosed a stake of more than $2.5bn in chipmaker Texas Instruments, and has…
28 May 2024
Stifel Financial partners with Marex Group
Full-service brokerage and investment banking firm Stifel Financial has entered a prime brokerage services referral partnership with global…
Universal Investment Group appoints new CTO
Universal Investment Group, a Frankfurt-based fund services platform and Super ManCo servicing AIFs including hedge funds and private…
