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☆ These are the top business-development execs competing to hire elite portfolio managers at hedge fund giants Citadel, Millennium, Point72, and more
▼ + stars: | 2024-05-08 | by ( Alex Morrell | ) www.businessinsider.com time to read: +34 min

Unlike business development in corporate America, which focuses on growing a company's prospects with partners and clients, hedge fund BD teams specialize in scouting, evaluating, and wooing investment talent. AdvertisementFew have been involved in hedge fund BD longer than Jennifer Blake, Balyasny's global head. The fund's BD department remains in close contact with PMs after they join as a resource and advisor. Vernon Yuen/Getty Images$61 billion AUM2,200+ employeesAdvertisementKen Griffin's Citadel has outperformed not just its immediate rivals but every other hedge fund. He runs a team of about 20 as head of business development in the Americas, the largest region of the largest player in this space.

Persons: —, Griffin's, Izzy Englander's, Goldman Sachs, Headcount, execs, Dmitry Balyasny, Brendan McDermid, Jennifer Blake, Balyasny's, Morgan Stanley, Dmitri Balyasny's, Blake, it's, Federico Chavarria, Balyasny, Dave Matz, Smith Hanley, Alistair Jacobs, Dave Black, Peter Appel, Federico Chavarria MD, Andrew McHugh, Jules Biolsi, Michael Platt, he's, BlueCrest, Michael Grad, Grad, Jake Lindsay, Mungo Strachan, BlueCrest's, Brevan Howard Brevan Howard, Alan Howard, Ringo Chiu, Brevan Howard, Alan Howard's, Aran Landy, Brevan, Abu, It's, Landy, Howard, Peter Hornick, David Abbou, Jonathan Candy, Gregoire Vidal, Vidal, Tim Williams, Andy Silver, Gautam, Ken Griffin, Vernon Yuen, Ken Griffin's, Griffin, Matt Giannini, Giannini, headhunter, Matt, I've, — Thomas DeAngelis, Lindsay Previdi, Rice, Dore, Eleanor Sharkey, Melinda Urban, Mark Hansen, Julian Ulmer, Mathur, Adam Sharkie, Michael Page, Eisler, Edward Eisler, Sam Wisnia, Chris Milner, Milner, Hilary Curran, Hilary Curran Global, Rebecca Zisser, Michael Gelband, Hornick, Jeff Gelband, Mike Tiano, Eric Han, Garrett Berg, Liu, APAC Blackstone, Euan Shand, Kevin Carroll, Emily, Needham, Ostendorf, Ben Levine, Stefan Renold, LMR, Marcus Fairhurst, He'd, LMR's, Izzy, Ronda, Singh, Mark Meskin, Justin Gmelich, Steve Keller, Benjamin Williams, Madhvani, Paritosh Singh, Ben Williams, Kristina Tully, Steven Cohen, Point72, Shayanne, Steve Cohen's, Harry Schwefel, Chandler, Steve Cohen, JT Shields, They're, Schwefel, Alyssa Friedman —, Chandler Bocklage, Reid Murphy, Jae Yang, Japan Goldman Sachs, Alyssa Friedman, Jackie Dai, Gabriel Sanders, Ajay, Steven Schonfeld, Michael Nagle, Steve Schonfeld's, Ryan Tolkin, Schonfeld, doesn't, Akshay Aggarwal, Alex Burns, Ryan McCort, Colin Lancaster, Mitesh, Sameer Buch, Brittany Lynch, DMFI, Goldman, Verition, Nicholas Maounis, Josh Goldstein, Brian Townes, Townes, Elizabeth Xiang MD, Vir, Steve Satenstein, Chris Svoboda, Will England, Thomas DeAngelis, DeAngelis, Jonathan Brenner, hasn't, Maureen Reed, John Sullivan, Brenner, Walleye's Organizations: Service, Management, Wall, Business, Balyasny, Balyasny Asset Management, Quadra Advisors, SAC, Macquarie, BD, UBS, Grad, Financial Times, Michael, Lascaux, Howard BD, Brevan, Argentum Advisors, BH Digital, McKinsey & Company, JPMorgan, Ken Griffin's Citadel, Citadel, Citadel's, decamping, Chicago, Citadel BD, Walleye Capital, of Surveyor, Millennium, Capital, Credit, Ashler, Rice, Deutsche Bank, LMR Partners, London, Dore Partnership, Soros, Soros Fund, Ronda Churchill, Bloomberg, Getty, Guggenheim, Industry, MLP, Americas Guggenheim, Americas Citadel, SAC Capital, SEC, Point72 Academy, Citigroup, BD Energi, Japan, EMEA, APAC BNP, Schonfeld, PAAMCO, KKR, DMC Partners, Topwater, LinkedIn, New, New Holland Capital, BD —, Walleye, Lehman Brothers, Hutchin, Putnam Investments, ~$ Locations: America, Asia, Balyasny, Blackstone, New Holland, Abu Dhabi, BlueCrest, Europe, Graticule, ExodusPoint, Hornick, Freestone, New York, Schonfeld, Brevan, he's, Aberdeen, Hong Kong, Zurich, Glasgow, Dubai, Americas, Point72, quant, Verition, London, Greenland, Minnesota, Citadel

☆ State of macro: Hedge funds Point72 and Pan Capital are adding talent, while Schonfeld, Brevan, and Walleye cut back
▼ + stars: | 2024-03-26 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +3 min

Read previewIn what has been billed to be the year of macro, hedge funds are taking diverging paths on the sector. This story is available exclusively to Business Insider subscribers. Related storiesTwo people familiar with the changes told Business Insider that Jaime Villa, Schonfeld's head of macro research, is no longer with the asset manager. And despite the popularity the strategy might have with allocators at the moment, funds are still quick to cut underperformers. Brevan Howard, one of the biggest macro players in the world, cut dozens of investors earlier this month after its biggest loss on record in February.

Persons: —, Chris Rokos, Jaime Villa, Schonfeld's, Villa, Colin Lancaster, Mitesh, Jerome Sargoussi, Eisler, Raj Sethi, Brevan Howard, Steve Cohen's Point72, Mo Grimeh, Bloomberg —, Grimeh, Brett Gardocki — Organizations: Service, Federal, Business, Pimco, KKR, SPX, Walleye, Bloomberg, Millennium, Pan, Former Walleye Locations: Schonfeld's London, New York, Minnesota, Stamford, Houston, Hong Kong

☆ $13 billion hedge fund Schonfeld loses several senior technology and recruiting personnel
▼ + stars: | 2023-07-19 | by ( Alex Morrell | ) www.businessinsider.com time to read: +3 min

Several leaders in Schonfeld's technology and recruiting teams have recently exited. Several leaders of multi-strategy hedge fund Schonfeld Strategic Advisors' technology and recruiting operations have exited the firm, according to people familiar with the matter. Steve Kordik, who headed up a team in North America responsible for supporting the trading technology platform, left in May. Tom Burdo, director of front-office technology talent acquisition, left in June. Schonfeld, which manages about $13 billion in outside money, grew from some 600 employees in mid-2021 to around 860 at the end of 2022, according to a filing with the Securities and Exchange Commission.

Persons: Vincent Aniello, Schonfeld, Steve Kordik, Renee Kenas, Radhika Arora, Tom Burdo, Point72, buildout, Colin Lancaster, Mitesh, It's, Toby Kung, Derry Herlihy, Goldman Sachs, Riccardo Riboldi Organizations: Advisors, Securities and Exchange Commission, LinkedIn, Citadel, Derry, Delta Locations: North America, Macquarie

☆ $14 billion Schonfeld is launching a new credit unit as the hedge fund continues its growth tear
▼ + stars: | 2022-10-28 | by ( Alyson Velati | ) www.businessinsider.com time to read: +3 min

$14 billion Schonfeld Strategic Advisors has rolled out a credit unit within its new macro trading business that launched earlier this year. Silverman and Aubrey joined in July and August, respectively, following Anchorage shutting its $7.4 billion hedge fund last December. The expanding credit business is part of Schonfeld's recent growth tear. In January, the firm is rolling out long/short credit strategies across the credit quality spectrum in the US and plans to add APAC and EMEA strategies over time. The HFRI Asset Weighted Index gained 1.1% for September, increasing the year-to-date return to 3.8%, according to Hedge Fund Research data.

☆ A $14 billion NYC-based hedge fund is trying a different approach to getting people into the office— opening a suburban hub where its traders and managers live
▼ + stars: | 2022-10-19 | by ( Alyson Velati | ) www.businessinsider.com time to read: +4 min

Hedge fund Schonfeld has opened an office in Summit, New Jersey after surveying staff. $14 billion Schonfeld Strategic Advisors is taking a different route from other Wall Street firms to get their employees into the office and to attract talent in the long run. The family-office-turned-hedge fund has been on a growth tear since Ryan Tolkin took over as chief executive at the beginning of 2021. Schonfeld employees are typically in the office three days a week but this can vary across teams. "By accessing a broader talent pool, we will naturally continue to grow in each of these offices," Tolkin, who is also the firm's chief investment officer, told Insider.

Adam Masato took out $33,000 in crypto-backed loans to finish his investment property. Some crypto-backed loans don't have monthly payments and require no credit checks. Some crypto-backed loans don't have monthly paymentsUnlike a traditional mortgage or other loan, some crypto-backed loans don't require a set monthly payment. Mitesh Shah, founder of cryptocurrency analytics provider Omnia Markets, Inc., explains that crypto-backed loans are the same as securities-backed loans — i.e. I don't think it's smart to carry a crypto-backed loan any longer than you need to.

Persons: Adam Masato, —, liquidating, Masato, it's, Mitesh Shah, Shah, Weragoda, Says Shah, I've Organizations: Service, Inc

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