Two Sigma Takes Quant Expertise Into Real Estate Investing

Two Sigma is starting a group to invest in private real estate assets as the $58 billion quant firm seeks to expand its data-science expertise into non-public markets.

Rich Gomel, most recently managing partner of WeWork’s real estate investment platform, has joined as chief investment officer of Two Sigma Real Estate, the company said. Tom Hill will be chief executive officer. It will be part ofIt will be part of the firm’s $3 billion private investment business, which Hill also leads...

Sundheim’s D1 Shakes Off Its $4 Billion Reddit-Fueled Fiasco

It was the kind of moment that would normally sink a hedge fund: Dan Sundheim was on Zoom, apologizing to clients for losing $4 billion in a single month. He ticked off strategy changes, noted he wasn’t going to dock his team’s pay and then headed back to work.

Now, mere weeks later, the episode is behind him.

Sundheim has recouped about 90% of what he lost in January when retail investors attacked his short bets on the likes of GameStop Corp. That recovery has put his D1 Capital Partners back into one of the most rapid ascents ever seen in money management. His presentation that February day fit what investors have come to expect from the 44-year-old billionaire -- unemotional yet sincere, supportive of his 51-member team, and unfazed by risk -- attributes they say helped him amass $20 billion in less than three years since setting up shop...

Element Capital Cleared by Arbitrator in Sex-Discrimination Case

Element Capital Management founder Jeffrey Talpins and his $15 billion firm were cleared by an arbitrator of sex- and age-discrimination allegations brought by a former employee.

Deborah Rose Stine was ordered to pay Element about $128,000 plus interest, in part to cover a portion of its attorney fees, according to a filing Monday in New York State Supreme Court.

Numerous current and former employees of Element testified to versions of disputed facts that were “completely at odds” with Stine’s version of events, according to the Jan. 2 ruling by arbitrator William Kandel that was made public Monday...

HSBC’s ex-head of fixed income resurfaces at Brevan Howard

Elie El Hayek, the former global head of fixed income trading at HSBC, has joined hedge fund Brevan Howard.

After leaving HSBC in February 2020, El Hayek today altered his LinkedIn profile to say that he's a portfolio manager at the London-based fund...

Swedish firm closes hedge fund as PM exits

Portfolio manager Sean George has decided to leave Swedish firm Strukturinvest to pursue new challenges abroad, the firm has announced.

George was in charge of the $100m Hamiltonian Global Credit Opportunity fund, which the board’s strategy has decided to close on 30 April 2021 following his departure. It is no longer possible to buy or sell units in the fund.

The firm said George contributed to the strategy’s innovation through both his management and his media presence...

Swedish Hedge Fund IPM Hit as Pandemic Upends Quant Models

One of Europe’s oldest computer-driven hedge fund managers has suffered a sharp drop in assets, the latest quantitative investment group to fall victim to the coronavirus-driven market turmoil.

Stockholm-based Informed Portfolio Management, which was set up in 1998 and which also has a London office, was for years one of the most respected European quantitative companies to use macroeconomic data to trade currencies, bonds and stocks..

Tudor Investment CTO Miriam Roiter is retiring after 25 years building technology at the $9 billion hedge fund

New York’s Infinity Q Winds Down Hedge Fund as Valuation Issues Spread

New York investment firm Infinity Q Capital Management LLC is liquidating its hedge fund as the fallout from a U.S. regulatory probe into its valuation practices spreads, according to a person with knowledge of the matter.

The hedge fund wind-down, first reported by Reuters, may expand the Wall Street firm's client losses and spark further questions over who is to blame for the valuation problems first surfaced by the Securities and Exchange Commission (SEC)...

Hedge Funds Are Ready to Get Out of New York and Move to Florida

Carl Icahn has already left New York. Dan Sundheim is planning to leave. Larry Fink is staying, but is worried about its future.

New York was struggling to retain some of the world’s richest people and the firms they operate even before Governor Andrew Cuomo and state lawmakers hiked taxes on millionaires and billionaires. Wall Street’s biggest names — including Goldman Sachs Group Inc., Apollo Global Management Inc. and Point72 Asset Management — are taking steps to expand elsewhere, especially Florida.

Key to the Sunshine State’s allure is its income tax — it doesn’t levy any. By contrast, New York City’s wealthiest now face the highest state and local rates in the U.S...

How a secretive hedge fund is disrupting the venture capital industry

A firm you've probably never heard of is disrupting the surprisingly hidebound venture capital industry and making money as fast as it can.

Why it matters: Tiger Global Management has realized that there's something unique about the current moment in investing, and is seizing the day. Think of it like momentum investing, but with private companies.

The big picture: Tiger is a secretive hedge fund that competes head-to-head with top-tier VCs to invest in the hottest startups while the market tide is lifting nearly all boats...