First the AI whiz kids were humbled. Then came the macro shocks. Credit scares followed.

First the AI whiz kids were humbled. Then came the macro shocks. Credit scares followed.

At least five portfolio managers focused on credit trading at Brevan Howard Asset Management have left the hedge fund firm, the latest sign of fallout from market turmoil.

Millennium Management is redeeming more than $1.5 billion of leveraged cash from two external hedge funds that the multistrategy investment firm backed last year.

ExodusPoint Capital Management is working with Anthropic PBC to expand the use of artificial intelligence agent Claude across its hedge fund operations.

Millennium Management is preparing to open its first office in Athens, bolstering the city’s credentials as an emerging hedge fund hub after news that Chris Rokos is quitting the UK for Greece.

Man Group Plc hit a 16 year high after the company’s assets jumped to a record in the first half of the year as clients poured money into the firm’s long-only investment strategies and strong performance gains helped drive growth.

Asfandyar Nadeem’s hedge fund has received about $1 billion in new capital from an Abu Dhabi investor, amid a surge in appetite for macro strategies and as the Gulf city accelerates its drive to become a key backer of the industry.

The brutal March that battered some of the world’s biggest hedge funds is already fading into the background as the firms reported their strongest first-half results in five years.

Millennium Management is setting up an artificial intelligence laboratory to expand the development and application of cutting-edge technologies at the firm.

Hedge fund manager Lee Robinson notched a 900% gain during the global financial crisis by turning a $20 million position into $200 million with timely bets against the US subprime mortgage sector.

D.E. Shaw & Co. is preparing to close another of its strategies to new money, adding to a wave of hedge funds spurning cash just as investor interest in the industry picks up.

Perbak Capital Partners, a UK-based hedge fund backed by Schonfeld Strategic Advisors, is winding down after determining its assets haven’t grown enough to maintain a “significant financial buffer” to protect the business.

French quantitative hedge fund Capital Fund Management has opened an office in Shanghai, following in the footsteps of peers in establishing a presence in the world’s second-largest economy.

Citadel’s Ken Griffin said he’s meeting with New York Governor Kathy Hochul on Thursday to talk about the future direction of America’s biggest city after a spat with Mayor Zohran Mamdani’s over his $238 million Manhattan penthouse.

AllianceBernstein Holding LP has shut its hedge fund AB Arya, the latest sign of how a lack of scale is hindering challengers to the larger multi-strat firms.

Hedge funds had a strong recovery in early April, recouping losses from the previous month as a temporary ceasefire between the US and Iran fueled optimism that the conflict could end soon.

The growing dominance of a handful of banks supplying billions of dollars to help juice bets at hedge funds and proprietary trading firms is sparking new financial stability risks, ratings agency S&P Global Inc. warned.

Macro hedge funds struggled in March as the war in the Middle East upended inflation expectations, leading to steep losses at many of the industry’s largest firms.

After a long few weeks watching the UK’s financial watchdog present evidence that he had groped, verbally harassed and inappropriately touched female employees during his time at the helm of Odey Asset Management, former hedge fund boss Crispin Odey insisted to the court that he was the one who was actually the victim, and the target of “bullying” by the regulator.