Paragon Alpha - Hedge Fund Talent Business’ Post

Really interesting news. This is definitely the launch to watch! Give Bilal Jafar a follow if you're interested in Hedge Fund and / or Crypto news. He is sharing some great content #hedgefunds #financialservices

Citadel in Fresh Dispute With Balyasny Asset Management L.P. Over Hedge Fund Talent. Miami-based Citadel led by billionaire Ken Griffin has alleged that several of its employees who left to join Balyasny had misappropriated its confidential information, according to people with knowledge of the matter. Citadel has sent a demand letter to Balyasny, typically seen as a final warning before legal action is taken, the people said, asking not to be identified because the information is private. The current depute between Citadel and Balyasny marks at least the second tussle between the two industry heavyweights in the past two years. In 2021, the two firms sparred over several former Citadel employees hired by Balyasny who were accused of being in breach of their contracts. Balyasny settled with Citadel back then and agreed not to hire staff, or former staff, from Citadel’s Global Fixed Income business for a limited period of time. The agreement expired earlier this year. Talent has long been a flashpoint for competing hedge funds. In 2018, Schonfeld filed a lawsuit against its former head of human capital and ExodusPoint Capital Management, LP, seeking to bar them from using confidential information to solicit and hire its employees. The bid was denied. #investmentmanagement #assetmanagement #alternativeinvestments #hedgefunds 

Why hedge fund talent factories? Multistrategy hedge funds hire entire bands of high-performers and chain them to fixed rules, and strict risk limits to avoid disasters. A trader losing 5% at some places may see capital partially withdrawn. -7% decline could bring instant termination. If Warren Buffett worked for one of these multistrats, he could have got himself fired eight times over the past decade for breaching risk limits, judged by Berkshire Hathaway Inc.’s share performance. Such ruthlessness has made multi-strategy firms steady engines of profit. Finding people who can persistently deliver to these standards is another matter, especially when more than 50 such funds are scrambling for them. So readying them in-house helps

Brookfield Asset Management is closing down Brookfield Hedge Solutions Advisors (BHS Advisors), a $1.3bn multi-strategy hedge fund platform within the $825 billion conglomerate, according to a report by Business Insider. The report cites unnamed sources with knowledge of the matter as confirming that BHS Advisors is to wind down operations after four years.  According to a securities filing made in March, the business had 66 employees, including 38 investment professionals. While multi-strategy majors including Citadel, Millennium, and Point72, have attracted billions of dollars in recent years, BHS Advisors has struggled to scale its operation, and according to a Brookfield spokesperson, the decision to wind down the fund has been taken to allow the company to "focus on other products". #hedgefunds #assetmanagement #alternativeinvestments #investmentmanagement

According to The Hedge Fund Journal's Issue on "Hedge Fund Transparency," transparency isn't just a preference anymore — it's a necessity. Transparency in hedge fund allows investors to see what the manager is doing with their money. At Noviscient, we understand the importance of transparency, which is why we built a real-time investor portal. This ensures that our investors are always in the know and that they can drill-down on performance at anytime and anywhere. Dive deeper into our commitment to transparency and discover a partnership rooted in trust at noviscient.com. #Noviscient #InvestmentManagement #TechFirst #InvestmentStrategies  #InvestmentTransparency

A great start for 2024 for the hedge funds listed below! It would however be more significant if we were able to see the splits of NAV contributions per asset class and/or strategy. 2024 certainly feels like a year for Commods already, but there are some Equity L/S names as well as Macro funds listed below (where these are considered core strats). Something we will never see, is to what degree risk was put on to achieve these numbers?? That is a key metric - more so than absolute returns - that shareholders/LPs should care about. Risk-adjusted returns are the name of the game, and usually, outsized returns nearly always equate to outsized risks…majority of the time anyway. A net long bias bet is usually undertaken somewhere, but you won’t get an accurate depiction of this from funds monthly newsletters!!

Investors put up with too little. - too little performance - too little alignment - too little transparency The industry needs to change. At Noviscient, we want to catalyze that change. As a starting point, if you are interested in alpha performance, with alignment via no management fees, and daily transparency into how your capital is being invested, then get on our list, and we will send you more information. https://lnkd.in/gmznWZzP

Why do even the most talented aspiring Hedge Fund PMs often struggle to secure roles, despite seemingly successful interviews? The answer might be less straightforward than you think. In my upcoming newsletter, gain exclusive insights from Jason Kennedy, CEO of the Kennedy Group. As a luminary in hedge fund recruitment with over two decades of experience and hundreds of successful placements, Jason will unveil: - Why waiting for the 'right opportunity' can cause you to miss out on PM roles and strategies to access the elusive 'non-advertised' roles. - The critical difference between engaging with a regular headhunter and partnering with a “business coach” to enhance your career prospects. - The journey of Carl, who recently navigated his way to a senior PM position at a top-tier hedge fund. This edition is essential reading for aspiring or current Hedge Fund PMs looking to be better rewarded for their performance. Discover why proactive engagement and strategic pre-planning is crucial. Stay tuned for a deep dive into the world of hedge fund recruitment and the strategies that will move the needle for you. #hedgefunds #portfoliomanager

Hedge-Fund Headhunter Says Top Talent Wants More Than Money : high-level hedge fund jobs are asking two questions “‘Will I be better by virtue of making this move, developmentally — will I be the best version of myself?’” “The second question is, ‘Is there more opportunity at this place that I’m going to, relative to where I’m at?’” An employer’s track record matters a lot, Ilana Weinstein says : Pay guarantees end quickly: ‘Then you’re out on your own’ hedge funds that win the fight to find and keep top talent tend be those that perform consistently well from year to year, not those with a “win big/lose big” approach

Standout hedge fund performances 💰 in Q1 2024. Bridgewater's Pure Alpha Strategy + 15.9% AQR Capital Management's Managed Futures Full Volatility Strategy +17.9% Rokos Capital Management's Macro Hedge Fund +12.5% Dan Loeb-led Third Point's Ultra Fund +8.7% Ken Griffin's Citadel +5.8% Steve Cohen's Point72 +5.3% 💲 In front of hedge fund giants, some not so big names were actually able to hit the ball out of the park with staggering returns. Light Street's Mercury Master +35.3%. Glen Kacher's hedge fund had a strong 2023 as well with gains of 46%. Whale Rock Capital Management's L/S Strategy +23% Rob Citrone's Discovery Capital Management +17% #hedgefunds