Hedge Fund Brevan Howard Gets $3 Billion in New Cash Commitments

Brevan Howard Asset Management has received $3 billion in new cash commitments from investors in the latest sign that one of the world’s best-known macro trading firms is on track to regain its lost glory.

The cash injection will lift Brevan Howard’s assets to about $20 billion, more than triple the amount they had shrunk to three years ago, according to people familiar with the matter, who asked not to be identified because the details are private. The firm, co-founded by billionaire Alan Howard, once ran more than $40 billion but suffered persistent outflows during years of mediocre returns...

BlackRock Alts arm hires new head of sustainable investing

The alternative investing arm of the world’s biggest asset manager BlackRock has hired Kristen Weldon as global head of sustainable finance, a memo seen by Reuters showed.

Weldon joins from Partners Capital where she was head of ESG (environmental, social and governance) and Impact Investing. Among her previous roles, Weldon was co-head of Blackstone’s hedge fund solutions business, the memo said...

China Becomes Next Big Prize for Quant Funds

Quantitative trading pioneer DE Shaw applied for direct access to China’s financial markets last month with little fanfare. But when Chinese media spotted mention of the move on a regulator’s website, word quickly spread.

“Another quant titan invests in China” ran the headline in China Fund, a financial newspaper.

Perhaps no fund manager in the computer-powered quantitative investment industry could provoke as much excitement entering China as DE Shaw, the secretive company founded by reclusive computer scientist David Shaw in 1988 ...

Fintech founded by ex-hedge fund analyst is hiring 400 people

If you're someone who likes career security, the traditional banking sector may not be the best place to work now. - 100,000 banking jobs will disappear in a great purge in the next five years, according to the prognostications of veteran banking analyst Mike Mayo. For those in any doubt as to the severity of the situation, Mayo says it will be, "The biggest headcount reduction in U.S. banking history...”

Värde Partners elevates Brad Bauer and Giuseppe Naglieri to Co-CIOs

Värde Partners, a leading global alternative investment firm, today announced it has elevated Deputy Chief Investment Officers (CIOs) Brad Bauer and Giuseppe Naglieri to join Ilfryn Carstairs as Co-CIOs. Brad and Giuseppe will share oversight of Värde’s global investment activity with Ilfryn, who is also Co-CEO.

“This is important recognition of the strong leadership that Brad and Giuseppe are already providing alongside me in the CIO function,” said Ilfryn. “Together with Jon Fox as President and Andy Lenk as Deputy CEO, this group represents a cohesive and experienced global leadership team for the firm.”

Based in London, Brad joined Värde in 2007, was named partner in 2013, and was promoted to Deputy CIO in 2019. Also based in London, Giuseppe joined the firm in 2009, was named partner in 2016, and was promoted to Deputy CIO in 2018.

Avenue Capital taps AXA pro to head EU marketing

Avenue Capital has hired Matthew Murtagh to head the firm’s marketing efforts in the UK and Europe.

Murtagh, who joins the $11bn firm as a managing director in London, was most recently at AXA Investment Managers for nearly four years, where he was a senior manager focused on global consultant relations and sales.

Between 2009 and 2018, he worked at Oaktree Capital Management, latterly as assistant vice president of marketing and client relations...

Centiva plots first Asia office, recruits ex-RBC pro

US multi-strategy hedge fund Centiva Capital is in the process of launching its first Asia-based office.

It is understood that the firm, launched in 2016, is preparing to set up in Singapore and has hired Matt Haudenschield as head of Asia.

It is not clear when the office is set to open or if the firm has regulatory permissions approved yet.

Brevan crypto arm hires client partnerships head

Brevan Howard’s crypto asset management arm BH Digital has hired Kat Sullivan as head of client partnerships in its New York offices.

Sullivan most recently worked as an independent crypto and digital assets consultant at her own firm called Metaverse Corporation.

Before that, she spent nearly two years at crypto financial services firm Galaxy Digital, where she worked in investor relations and global business development...

Schonfeld hires Davidson Kempner event vet

Schonfeld Strategic Advisors has onboarded ex-Davidson Kempner PM Yasutaka Kuga as co-PM in a new Japan-focused investment team based in Hong Kong.

Kuga will work alongside Tomohiro Yamaguchi, the former Japan head at Point72, who joined recently.

Kuga will focus on an Apac equity event-driven strategy with a bias towards Japan while Yamaguchi focuses on equity long/shorts...

Ex-Engineers Gate PM returns with liquid alts firm

Former Engineers Gate portfolio manager Sameer Parab is working alongside ex-William Blair executive Peter Carl on a liquid alternatives firm.

Auxano Capital began managing sub $50m in several separately managed accounts for FoHF’s earlier this year. The firm registered as a commodity pool operator with the NFA in April and could look to collapse the SMAs into a commingled fund once it hits a certain scale, HFM understands. Current service provider relationships are unknown.

The Chicago-based firm pursues a fundamental strategy with a long volatility profile. It invests in single equity options of Russell 1000 names and managed futures options including commodities, indices and currencies.