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HFObserver aggregates on a daily basis the most relevant news related to hedge funds/alternative investment firms and people moves.

Here is our news from approximately the last week.

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Ex-BofA Trader on Hiring Spree for New Quant Fund in Korea

After working as a high-frequency trader for six years in New York, Kwon Yong-jin returned to his home country South Korea, sensing opportunity in a place where quantitative investing is in its early stages.

The former trader at Bank of America Merrill Lynch and Tower Research Capital LLC, the high-frequency trading giant founded by Mark Gorton two decades ago, has started his own quant trading firm in Seoul focusing on overseas assets and cryptocurrencies despite rising global suspicion about such strategies. Kwon has hired seven employees so far and says he’s looking for more...

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...

Dymon Plans New $1 Billion Asia Multi-Strategy Hedge Fund

Dymon Asia Capital (Singapore) Pte plans to start a $1 billion hedge fund that invests across assets including Asian currencies, stocks and bonds, tapping into institutional demand for increased exposure to the region.

The Dymon Asia Multi-Strategy Investment Fund has received commitments for that amount from a handful of clients to start trading this quarter...

Trader Seeks $1.5 Billion for Climate-Change Hedge Fund

David Vogel, a pioneer in using machine learning to trade, is seeking $1.5 billion for a new fund that will analyze big data to find investments linked to climate change.

The Voloridge Sustainability Fund will focus on companies affected by events such as floods, fires and natural disasters; firms that invest in efficient technologies; and electric-car makers and their suppliers, according to a person familiar with the matter. The fund started trading this month with internal capital...

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...

Hedge Fund Trader Fined Over Illegal Tips on HCA Healthcare

A former hedge fund trader who did a stint at Citadel was fined by U.S. regulators for illicitly profiting from tips that the Affordable Care Act was a much bigger boon for HCA Healthcare Inc. than the company expected.

While working at Stelliam Investment Management, Michael Mindlin obtained non-public information in 2014 from an unnamed executive at HCA who had been a close friend for years, the Securities and Exchange Commission said in a Friday order...

Lombard Odier taps Argentière for AR launch

Ex- BTG Pactual pro Alexis Maubourguet joins 1798 Alternatives in Geneva offices...

Ex-Oceanwood deputy CIO’s launch staffs up

London-based Aslan House hires from New Peak, Olivetree, Mako...