Tribune Publishing is offering buyouts after hedge fund became largest shareholder

Tribune Publishing (TPCO) is offering buyouts to employees for the second time in two years and months after hedge fund Alden Global Capital became the largest shareholder in the company.

In an email to staffers on Monday, Tribune Publishing announced voluntary separation offers — or buyouts — to employees who have worked for eight or more years at the newspaper conglomerate...

New York Court Vacates $91 Million Payout to Former Hedge Fund Employees

A New York state appeals court on Tuesday ordered a retrial in a 2019 jury case that would have seen hedge-fund firm Touradji Capital Management pay roughly $91 million to two former employees.

The decision vacates the $91 million judgment and extends what has already been a decadelong battle between commodities trader Paul Touradji and two of his former portfolio managers, Gentry Beach and Robert Vollero, over compensation they said they were owed...

Did quant funds hire too many people?

It's too early to call a 'trend' for 2020 but if there have been any 'coincidences' of note in the past week, it's surely that two quantitative hedge funds - AQR and WorldQuant have both cut heads.

The cuts, which were initially reported by Bloomberg amounted to between 45 and 90 people at AQR and up to 130 people at WordQuant, or up to 10% and 17% of their respective headcounts. AQR, which has offices in London, Frankfurt, Hong Kong, Bengalaru, Tokyo and Sydney as well as Greenwich, Chicago, Boston and LA, is understood to be cutting globally. WorldQuant is said to be shuttering offices in Mexico City, Bangkok and Eastern Europe, with most of the cuts happening here...

Hedge fund trader Chris Rokos pips former firm Brevan Howard

Former Brevan Howard Asset Management star trader Chris Rokos has narrowly beaten the performance of his old firm, in a strong year for hedge funds that bet on bonds and currencies.

Mr Rokos, who co-founded Brevan Howard before leaving the firm in 2012 following a dispute over pay, chalked up a gain of 9.3 per cent last year at his London-based firm, Rokos Capital Management...

Sandbar AuM tops $1bn as Ucits swells

Ex-Millennium PM Michael Cowley's firm quickly raises $530m for market neutral Ucits...

Brevan Howard Shutters Hedge Fund With Manager on Sabbatical

Brevan Howard Asset Management liquidated an Asia macro hedge fund because its manager, Kaspar Ernst, is taking a sabbatical.

The money pool, which Ernst ran for 15 years, managed $468 million at the end of November and was wound down at the end of last year, according to a person with knowledge of the matter. Brevan Howard is in the process of returning capital to investors this month...

Under Highland Capital Bankruptcy Deal, Co-Founder Dondero Stays, Without Pay

Highland Capital Management LP co-founder James Dondero avoided being ousted entirely from the bankrupt hedge-fund business and will remain as an unsalaried portfolio manager—as long as he produces.

In the hours before a scheduled Thursday hearing, a committee of Highland creditors agreed to drop a requirement that he leave the fund manager altogether under a negotiated corporate governance overhaul...

Greenwich hedge fund WorldQuant axes 130 staffers as quants struggle

It’s another bad day for hedge-fund quants.

Greenwich, Conn.-based WorldQuant has reportedly laid off about 130 employees and shuttered five overseas offices at the 750-person, $7.5 billion firm, which had been operating 29 offices around the globe.

Most of the cuts are reportedly being made in branches that are closing, including Bangkok, Mexico City and in Eastern Europe...