U.S. SEC to ramp up hedge fund, private equity fund scrutiny

The U.S. Securities and Exchange Commission (SEC) Wednesday proposed new rules to boost hedge fund and private equity fund disclosures as it looks to increase oversight of the private funds industry and better monitor systemic risks.

The private funds industry has drawn fresh scrutiny after hedge fund de-leveraging contributed toward turmoil in the U.S. Treasuries market in March 2020 and hedge funds were again at the center of last year's GameStop (GME.N) "meme-stock" saga...

Allianz Doubles Down on Alternatives After Hedge Fund Blowup

Allianz SE’s new head of asset management plans to push further into alternative asset classes and continue its focus on active fund management, even after the implosion of a hedge fund strategy in the U.S. left the German insurer mired in potentially expensive lawsuits.

Speaking in his first interview in the new role, Andreas Wimmer declined to comment on the legal issues...

Goldman Sachs quants quit for hedge fund and crypto jobs

Goldman Sachs may have announced some big bonuses (if you're an investment banker) but it hasn't actually paid them into recipients' bank accounts yet. Nonetheless, various members of its quantitative staff have been leaving.

The most notable exit is that of Chris Perez, a former MD of market risk and quantitative analytics at Goldman in New York. After nearly 11 years at Goldman Sachs, a few years at eclectic hedge funds and a decade at Morgan Stanley, Perez - who has described himself as an introverted physicist - is the latest Goldman MD to decide that crypto looks like the better bet. This decision was presumably made before bitcoin halved in value in under two months...

Jane Street Says Crypto Trading Business Is ‘Clear Growth Area’

Wall Street firm Jane Street, known for its dominance in established financial markets such as exchange-traded funds and corporate bonds, is becoming a major player in a fast-growing field: cryptocurrency trading.

The New-York based company, which executed its first crypto trade in 2017, provides liquidity for a range of digital assets from Bitcoin and Ethereum to some of the meme coins popular on social media. It is one of the market makers that power Robinhood Markets Inc. customers’ free crypto trades...

Brookfield expands hedge fund business into Europe

Brookfield Asset Management is expanding its hedge fund business into Europe, as the Canadian investment group bets on a trading strategy that has delivered stellar returns for some of the industry’s biggest names during the pandemic.

The Toronto-based firm’s Brookfield Hedge Fund Solutions Advisors is a multi-strategy unit trading areas such as equity market neutral and event-driven, a profitable corner of the industry dominated by the likes of Citadel and Millennium Management...

Hedge Fund Short-Sellers Take Aim at Green Energy Stocks

Hedge funds have been cranking up their bets against sustainable energy stocks, wagering that as interest rates rise, investors will be less forgiving of companies with strong environmental credentials but weak earnings.

Shares in sustainable stocks have drawn in billions of dollars of inflows from ethically minded investors in recent years, lifting the valuations of some stocks to eye-watering levels...

Wellington Management debuts TMT HF

Fund led by veteran equity trader Jay Saboliauskas

Wall Street Titans Support One of Their Own, David McCormick, in Senate Bid

David McCormick, the former chief executive of hedge fund giant Bridgewater Associates who is running for the open Senate seat in Pennsylvania, has the backing of some of Wall Street’s biggest names.

Stephen Schwarzman and Ken Griffin are among those hosting a fundraiser in March for Mr. McCormick at Paul Tudor Jones’s home in Palm Beach, Fla., according to an invitation viewed by The Wall Street Journal...

Former Point72 pro preps equity HF

Michael Seufer eyes Q2 launch with Dune Ridge Capital...

Ex-Deutsche duo seek $100m for new crypto strat

BRI Digital Assets Fund begins trading on Sturgeon platform...