$2bn Verdence hires hedge fund vet to run family office biz

The Hunt Valley, Md.-based RIA has added Mike Harris, formerly of Campbell & Co.

Texas Teachers hires from Abu Dhabi sovereign wealth fund

Kyle Wynne joins $157bn pension fund as head of analytics and portfolio construction...

Dymon Asia credit team exits

Donald Ewer left early this month together with other members of his credit team...

Ex-Graticule pros prep Asia-focused macro fund

Sandeep Mathur and Adrian Foo to launch Sarvatra Investments later this year...

Millennium PM eyes 2021 event-driven launch

Millennium PM Felix Lo is prepping an equity event driven #hedgefund launch...

Calpers CIO Meng’s Mysterious Exit Preceded by Months of Torment

First, he was called a Chinese spy. Then he was accused of misleading his board. Yet Ben Meng stayed on as investment chief at California’s mammoth state pension plan. What finally drove him to quit wasn’t only the public pressure, it was a Wall Street sin every rookie in the business knows to avoid: He steered the fund’s money into investments that could benefit him personally.

Meng’s seemingly abrupt resignation Wednesday from the $400 billion California Public Employees’ Retirement System was in fact months in the making, the culmination of internal scrutiny, external attacks and...

Millennium taps BlackRock and Point72 as expansion continues

Izzy Englander's firm said to be eyeing global expansion...

Swedish multi-family office Wictor plans new macro fund hires

Shift from health and tech allocations towards value also in motion...

Odey Asset Management selects institutional head

Jos Trusted joined Odey Asset Management as head of institutional business, a newly created role...

Millennium Said to Hire Ex-New York Fed Official Simon Potter

Millennium Management has recruited former New York Federal Reserve official Simon Potter, according to people familiar with the matter.

Millennium, which manages almost $44 billion in assets, hired Potter in June as vice chairman, fixed income, to be an adviser to the hedge fund’s debt portfolio managers, the people said, asking not to be identified as the details are private. He reports to the division’s co-heads Mark Tsesarsky and John Anderson, the people said...