Greenwoods spin-out onboards ops head from BAML

Greenwoods spin-out Golden Pine Asset Management has onboarded ex-BAML prime broking director Andrew Tang as its new head of operations.

Tang joined the outfit last month after a 12-year career as a relationship manager at BAML and Goldman Sachs.

Tang left BAML in July after more than four years as a relationship manager to prime broking clients. He was at Goldman for eight years...

Pictet manager exits to launch Geneva-based hedge fund

Experienced investor reunites with former Pictet colleague at investment firm first launched in 2018...

Brazil Hedge Funds See Biggest Outflows Since 2017 as Rates Rise

Brazil’s hedge fund industry is being tested as one of the world’s most hawkish central banks quickly increases rates, prompting investors to pile back into fixed-income products.

Investors pulled 13.4 billion reais ($2.4 billion) out of local hedge funds -- so-called multimercados -- in September, the most since December 2017, according to Anbima, the nation’s capital-markets association. That tops the monthly outflow seen in the aftermath of the rout sparked by the pandemic in 2020...