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News

We aggregate on a daily basis the most relevant news related to hedge funds/alternative investment firms and people moves. Members have unlimited access to all exclusive and aggregated articles and the ability to search by keywords.

Steve Cohen’s Point72 loses long-time hedge fund managers

About 20 portfolio managers have left Steven A. Cohen’s hedge fund firm this year, including several who worked with Cohen for more than a decade, according to people familiar with the matter.

It is an unusual level of turnover for Cohen’s firm and marks the latest developments in the rocky relaunch of his fund. The 63-year-old billionaire investor launched Point72 Asset Management last year after an insider-trading scandal barred him from managing outside money until 2018.

Ex-Bain pro’s hedge fund sees partner exit

Sherief Hammad worked at Kenz Capital for three years.

Schonfeld recruits ex-Paamco director for European push

Sameer Buch joins former JPM vice-president Akshay Aggarwal in London office...

Another Equity Manager Throws in the Towel

Kane Street Capital has ceased operations after nearly 10 years of trading.

The New York equity manager finished returning most, if not all, limited-partner capital in June. It had about $150 million of assets, on a gross basis, at yearend 2018...

How Jeffrey Epstein Lost $80 Million in a Hedge-Fund Bet Gone Bad

Much of convicted sex offender Jeffrey Epstein’s wealth remains a mystery — and the cursory financial disclosures he has made in his sex-trafficking case in a New York federal court haven’t shed much light on the matter.

But one thing is becoming clear: Epstein has endured some hefty financial busts along the way to amassing what prosecutors now say is a $559 million fortune that apparently also includes some diamonds tucked away in his now-cracked-open safe...

Melbourne hedge fund freezes redemptions, changes strategy

The dreaded "f-word" has hit investors in a hedge fund run by Melbourne-based firm Newgate Capital Partners.

It is understood Newgate has frozen redemptions on its flagship Newgate Absolute Return Fund which was set up in 2016 and is invested in local stocks in accordance with its long/short strategy...

Man hires former Amplitude CTO

Luca Giachino has joined the fund's quant arm, AHL...

Ex-Renaissance Capital MD launches market-neutral fund

Ben Hakham readies global equities-focused Fairgreen Capital...