Point One - Hedge Fund Talent

WQ & MLP | UCITS Fund Plans According to Bloomberg, WorldQuant & Millennium are preparing to launch their first UCITS fund via WorldQuant Millennium Advisors, which now manages over $20bn. WQ also runs around $10bn solely for Millennium. Full story via Bloomberg: https://lnkd.in/erSTdeEA #PointOneTalent #HedgeFunds #QuantFinance #UCITS #AlternativeInvestments

US | Two Sigma Unveils New Tax-Aware Fund Two Sigma Investments has introduced a new tax-aware long/short fund - Two Sigma Beacon Fund - aiming to benefit from a growing trend in tax-efficient investing... Full story via Bloomberg: https://lnkd.in/eF3vzsg5 Thomas Hennelly | Point One - Hedge Fund Talent | David McMahon #PointOneTalent #HedgeFunds #Quant #AlternativeInvestments

UK | Non-Compete Ban Sparks Hedge Fund Jitters The UK is revisiting plans to overhaul employment agreements - including a potential outright ban on non-compete clauses. The move aims to make it easier for employees to switch jobs, but it’s putting hedge funds and financial firms on edge as some of the industry’s most heavily used contractual restrictions come under renewed scrutiny. Full story via Bloomberg: https://lnkd.in/eFgcrT2J Thomas Hennelly | Point One - Hedge Fund Talent | David McMahon #PointOneTalent #HedgeFunds #Regulation #UKFinance #TalentMobility #AlternativeInvestments

Market Making | Hudson River Trading Bloomberg reports that Hudson River Trading is taking an unconventional turn in the HFT arms race - slowing down. The firm is holding positions for days or even weeks and adopting more high-touch trading methods as it steps up competition with Jane Street and Citadel Securities. Full story via Bloomberg: https://lnkd.in/epkDGAEN Thomas Hennelly | Point One - Hedge Fund Talent | David McMahon #PointOneTalent #HedgeFunds #Quant #MarketMaking #Trading #Liquidity #ElectronicTrading #AlternativeInvestments #HFT

November | Multi-Strat Performance Hedge funds such as Citadel, Balyasny Asset Management L.P., and ExodusPoint Capital Management, LP navigated November’s choppy markets and outperformed the S&P 500’s modest 0.1% gain… Full breakdown from Business Insider: https://lnkd.in/ee9eeH4A

Japan | New Leadership - Invictus Investment Partners Former Citadel portfolio manager Takeo Serizawa is joining a new Japan-focused hedge fund, partnering with ex-Point72 Japan head Tomohiro Yamaguchi to attract investor interest in the region. Serizawa will take on the role of Chief Investment Officer at Hong Kong-based Invictus Investment Partners Ltd. Full story via Bloomberg: https://lnkd.in/et_Q8BWM Thomas Hennelly | Point One - Hedge Fund Talent | David McMahon #PointOneTalent #HedgeFunds #Japan #Quant #AlternativeInvestments

AI Infrastructure | Quiet Arms Race in Data & Talent Business Insider reports that funds are rapidly scaling their AI capabilities - reshaping how the $5tn industry processes data, builds research tools, and invests across public and private markets. Citadel now consumes petabytes of data, with its CTO calling AI adoption “an arms race.” Balyasny Asset Management L.P., Man Group, and Viking Global Investors have rolled out internal AI tools to streamline research, while quant leaders like Two Sigma, Bridgewater, D.E. Shaw, and Jane Street continue advancing machine-learning strategies - including Bridgewater’s new $2bn ML-driven fund. On the investment side, Tiger Global, Coatue, and D1 remain major backers of AI and chipmakers, and Point72 launched its dedicated AI strategy Turion in late 2024. Full story via Business Insider: https://lnkd.in/eCDePkcC Thomas Hennelly | Point One - Hedge Fund Talent | David McMahon #PointOneTalent #HedgeFunds #ArtificialIntelligence #Quant #HedgeFundIntel #MultiManager #

Millennium | Landmark 15% Stake Sale Reports indicate Izzy Englander has sold a ~15% stake in Millennium to a group of institutional investors - valuing the firm at around $14bn and marking the first time he has parted with equity in its 36-year history. The deal, involving Goldman Sachs’ alternative asset manager Petershill Partners and other investors, marks a key step in Millennium’s succession and growth plans. “This transaction is the latest step in our evolution and further positions Millennium for the future,” the firm wrote to staff. Full story via the Financial Times: https://lnkd.in/eW-Tkm2v Thomas Hennelly | Point One - Hedge Fund Talent | David McMahon #PointOneTalent #HedgeFunds #Millennium #MultiManager #AlternativeInvestments #HedgeFundIntel #SuccessionPlanning #FundNews #IzzyEnglander #GoldmanSachs #FinancialTimes #FundIntel