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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.

Former Hedge Fund Manager Traci Lerner Strikes Gold in Altria Pot Deal

Traci Lerner’s $1.4 billion hedge fund, one of the few to be run by a woman, shut two years ago as the wake of the 2008 financial crisis created a hostile environment for investing other people’s money.

Lerner turned the fund, which she started with her husband in 1991, into a family office to manage her own wealth. Her former investors probably wish she hadn’t...

Daniel Och sells big chunk of the hedge fund empire he built

Billionaire investor Daniel Och is ceding a big chunk of his ownership in Och-Ziff Capital Management Group following a period of upheaval for the biggest publicly traded hedge fund firm in the US.

Och-Ziff said Thursday that Och-Ziff’s founder and several former managing directors would sell 35% of their shares to Och-Ziff’s executive managing directors in the form of a new share class. Och also intends to withdraw a portion of his money from Och-Ziff funds...

Two Sigma just appointed a Harvard neuroscientist as chief of staff

The venture capital arm of hedge fund Two Sigma Investments just hired a chief of staff with a rather unique background. Juliette Han started at Two Sigma Ventures earlier this month.

Han comes over from rival hedge fund Citadel where she was the chief of staff to the hedge fund's chief people officer, concentrating on human capital development and other strategic HR functions, according to LinkedIn. She previously held the title of chief of staff title at McKinsey & Co. as it launched its New Ventures initiative, before which she was one of their management consultants...

RenTec Partner Who Criticized Mercer Joins Venture Capital Firm

David Magerman, who left Renaissance Technologies last year in a dispute with Robert Mercer over politics, is turning his talents from trading to venture capital. He joined Differential Venture Partners as a managing partner this month....

Man embraces open source in push to lure tech talent

The chief risk officer at one of the world’s largest hedge funds is competing with Google for technologists. And the applicants are asking to keep their open-source allegiance.

Man Group’s Darrel Yawitch said new hires are looking for assurances from the hedge fund that they will be permitted to contribute to the open-source coding communities that have underpinned some of the biggest advances in technology’s brief history, from the World Wide Web to the Android operating system. ..

N.Y. Common Fund moves $1.9 billion to 7 managers

The New York State Common Retirement Fund, Albany, made seven commitments and investments worth $1.89 billion, according to information posted on the website of Thomas DiNapoli, the state comptroller and sole trustee of the $209.2 billion pension fund.

The transactions were made in August...


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