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Proprietary-trading shop First New York is taking another stab at launching a hedge fund.
The firm, whose 125 internal and external portfolio managers run a little more than $3 billion of gross assets, envisions a multi-strategy vehicle that largely would mirror its prop-trading portfolio. Since the 1980s, First New York has earned mostly double-digit returns, with low net exposure and little volatility...
Sarah Shipton joins global credit manager in London office...
It’s now been roughly a year since $8.5 billion hedge fund startup ExodusPoint officially started trading client assets. As we’ve chronicled a few times, Michael Gelband’s firm has been extremely active in the market over the past year, mainly targeting portfolio managers in New York and London. After doubling the size of its New York office just nine months after launching, ExodusPoint has spent the last month filling in the gaps.
The firm just hired two cloud administration specialists in New York: Sonny Baillargeon, the fund’s new global head of infrastructure who recently held similar roles at KCG and Citadel, and Pritam Dahake...
Nancy Davis rode the boom in prop trading at Goldman Sachs Group Inc. until the financial crisis hit. A decade later, she’s pivoting from hedge funds to the red-hot ETF industry, as shifting investor appetite changes the game for fast-money traders.
The founder of Quadratic Capital Management LLC, which specializes in options-based macro strategies, is listing her first ETF on Tuesday -- as active managers battle pressures on fees and costs and struggle to outperform passive peers...
Ex-Ramius PM and MD Andrew Cohen launching Difesa Capital Management...
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