The unseen axis is the deadliest
Performance of Ken Griffin and Izzy Englander’s funds extends profitable run for best-known multi-managers
High-speed trading firm sued hedge fund last week over lucrative options trading strategy it claims were stolen
Lawsuit sets up rare public clash between two big Wall Street rivals
Izzy Englander poaches latest partner from Wall Street bank, where David Solomon faces fresh unrest
Rising interest rates and a ‘talent war’ are dampening enthusiasm for the multi-manager strategy
Best-performing managers’ punchy bets on stock markets paid off in 2023
Portfolio manager from Izzy Englander’s firm strikes out with expected $4bn-$5bn launch
Big-name managers post double-digit returns as costs of talent war weigh on some smaller players
Plus, Ardian’s next chapter, Wellcome Trust warns of private equity ‘shakeout’, and Oslo’s burgeoning art scene
Multi-manager tells 150 employees, mostly in non-investment roles, they are losing their jobs
Plus, a star City trader enters the next phase of his career and ValueAct becomes the latest activist to storm Disney
The 75-year-old owner has no intention of retiring but has emphasised the firm’s transition to shared leadership
Izzy Englander’s $60bn firm had planned to put money to work with smaller multi-strategy rival
On a risk-adjusted basis, they have blown their rivals out of the water
Plus, ESG ratings, use of Fed overnight facility falls, and Sir John Soane’s Pitzhanger Manor
Struggling multi-manager hedge fund has turned to its larger New York rival for what would be the biggest tie-up of its kind
War for talent heralds the largest tie-up of its kind between multi-managers
Short position disclosed following hefty share price decline
Plus, Qatar bets on India’s Ambani and Turkey is enjoying an IPO renaissance
Plus, short selling is back, metaverse ETFs, and Casablanca returns to the big screen
Igor Tulchinsky ended up at Millennium Management and founded WorldQuant thanks to a non data-driven approach
Plan set out in letter to employees will see departure of co-CIO Bobby Jain
One style to rule them all, and in the alpha bind them
Plus, deconstructing Millennium’s performance, the return of the stockpicker and inside Fabergé’s world
