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☆ The portfolio manager whisperers
▼ + stars: | 2024-05-03 | by ( Alex Morrell | ) www.businessinsider.com time to read: +24 min

AdvertisementHistorically, a hedge fund's chief investment office or senior portfolio manager was responsible for vetting and wooing key investment hires. They can also help hedge funds save on outside recruiting costs, which can add up to tens of millions a year. Hedge funds targeted institutional salespeople at investment banks with exposure to hedge funds, as well as asset allocators with chops in portfolio-manager selection and due diligence. Assets at multimanager hedge funds have boomed since 2018. The principle may work for fictional baseball diamonds, but the reality at hedge funds is more complicated.

Persons: Taylor Swift, Travis Kelce, Goldman Sachs, —, That's, headhunter who's, liken, Nick Saban's, Midlevel, headhunter, Ken Griffin, Michael Kovac, execs, Jennifer Blake, BD Thomas DeAngelis, Walleye Capital Paritosh Singh, Americas Michael Grad, BlueCrest Lindsay Previdi, Point72, Freestone Grove Matthew Giannini, Ken Griffin's, ExodusPoint, Brevan Howard, breakneck buildout, Michael Gelband —, Jonathan Hoffman, Alexander Phillips, ExodusPoint's, Millennium's Izzy Englander, noncompetes, Millennium Management Amanda Gordon, multimanagers, who've, Goldman, Schonfeld, Brevan Howard —, Neil Chriss, Harry Schwefel, Jonathan Brenner, Walleye's, Thomas DeAngelis, DeAngelis, Brenner, DeAngelis hasn't, Kansas City Chiefs Travis Kelce, Erick W, Rasco, Donald Trump's, America couldn't, Citadel execs Todd Barker, Daniel Morillo —, Jeff Runnfeldt, Bobby Jain, allocator Organizations: NFL, Business, Citadel, BD, University of Alabama, execs, Balyasny, Walleye Capital, Millennium, Americas, Freestone Grove, — Citadel, Walleye, BI, Costco, Millennium Management, Bloomberg, Getty, Investor, Barclays, Barclays Capital Solutions, Brookfield, Paloma Partners, Kansas City Chiefs, San Francisco 49ers, Allegiant, Getty Images, Black, Investors, ex, Fortress Locations: America, multimanagers, —, Hudson Bay, Schonfeld, Israel, multimanager, Europe, Middle East, Africa, Vegas, Balyasny

☆ Citadel's stock-pickers lead the way in April — here's how hedge fund competitors fared
▼ + stars: | 2024-05-02 | by ( Bradley Saacks | Alex Morrell | ) www.businessinsider.com time to read: +1 min

Ken Griffin's $61 billion Citadel is leading multistrat funds in performance this year. The firm's flagship fund returned 2% in April, bringing 2024 gains to 7.8%. Firms such as Walleye, Millennium, and Schonfeld are also off to a strong start this year. Despite equity markets tumbling in April, Ken Griffin's teams of stockpickers helped lead his firm to a 2% return in its $61 billion flagship fund. A person close to Griffin's Citadel told Business Insider that Wellington's year-to-date returns rose to 7.8% following April's gains.

Persons: Ken Griffin's, stockpickers Organizations: Citadel, Walleye, Griffin's Citadel, Business Locations: Miami

☆ Two long-time Walleye Capital execs are retiring amid makeover at $5.7 billion fund
▼ + stars: | 2024-04-25 | by ( Alex Morrell | ) www.businessinsider.com time to read: 1 min

Two long-time senior executives at Walleye Capital, Andrew Carney and Mark Zeldis, are retiring. The hedge fund's C-suite has undergone a revamp in recent months. Walleye's overall headcount is up, with about 60 new hires in 2024. Two Walleye Capital partners who have been at the firm since the George W. Bush administration are retiring, the latest in a string of senior leadership changes at the multi-strategy hedge fund. In an update to investors on Wednesday, Walleye announced that Andrew Carney, CIO of volatility, and Mark Zeldis, chief technology officer, are retiring from the firm, according to a person familiar with the matter.

Persons: Andrew Carney, Mark Zeldis, George W, Bush Organizations: Walleye Capital, Wednesday, Walleye, Business

☆ Long-time quant bigwig Neil Chriss is out at Paloma after just 11 months. It was a year of big hires, a restructuring, and new New York digs.
▼ + stars: | 2024-04-17 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Chriss — who joined the long-running quant-focused multi-strategy firm in May of 2023 — is "no longer with Paloma," according to a letter sent to the firm's investors Monday. Chriss had been at Millennium for five years prior to joining Paloma and founded his own hedge fund, Hutchin Hill, in 2007. Paloma declined to comment on the rationale for his departure, and Chriss did not respond to requests for comment. But it was not all growth for Paloma while Chriss was at the helm.

Persons: —, Neil Chriss's, Paloma, Chriss —, Chriss, Donald Sussman, Ravi Singh, Goldman Sachs, Chris LaSusa, LaSusa, Steve Cohen, Shaw, Ritter Organizations: Service, Paloma, Business, Industry, Intelligence, Goldman, KCL, D.E, Capital, Ritter Alpha Locations: Hill, Greenwich, New York, Manhattan, Minnesota

☆ 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

☆ Chefs share the best seafood to buy from the grocery store — and what you should skip
▼ + stars: | 2024-03-13 | by ( Sophia Mitrokostas | ) www.businessinsider.com time to read: +7 min

AdvertisementBuying fresh fish from the grocery store can sometimes be intimidating since there are so many different cuts, varieties, and preparations. Business Insider asked professional chefs to share their favorite types of seafood to buy from the supermarket and which kinds they tend to avoid. Rosa M. Reynoso Robiou/ShuttershockCelebrity personal chef Jamie Hunt told BI that red snapper is a favorite of hers to buy at the grocery store. AdvertisementSkip the lobsters in the tankIt's best to buy lobster from a local, coastal fish market to ensure ultimate freshness. Steer clear of naturally oily frozen fishWhen shopping for frozen fish, it pays to select varieties that don't lose their texture or flavor when stored.

Persons: —, Rosa M, Reynoso, Jamie Hunt, Hunt, Faisal Ahmed Aldeleigan, Aldeleigan, Kysha Harris, Harris, Oksana Mizina, Juli, you'll, Steer, pollack, they're Organizations: Service, Business Locations: America, Canada, Iceland, New Zealand, East Coast, Iowa, New Africa

☆ Up in Smoke: Canada’s Outdoor Summer Season
▼ + stars: | 2023-07-25 | by ( Vjosa Isai | More About Vjosa Isai | ) www.nytimes.com time to read: +1 min

Fishing trips to Canada are a tradition for Jeffrey Hardy and his three friends from Vermont. They have, since 2001, been anglers loyal to Quebec’s northern wilderness, where the walleye are plentiful and the cellphone service is not. This summer, the crisp forest air coveted by recreationists visiting Canada was instead polluted with smoke as wildfires have torn through millions of acres, blocking roads, destroying campgrounds and forcing tourism operators to scramble during peak season. “Everybody was excited to go because Canada had been shut down for all of Covid.”The country’s worst wildfire season on record is straining the outdoor segments of Canada’s tourism industry at a crucial time in its rebound from years of pandemic travel restrictions. Of the 28.6 million acres that have burned across the country so far, more than 11.6 million acres were in Quebec, the most of any province, according to data from the Canadian Interagency Forest Fire Centre.

Persons: Jeffrey Hardy, ”, Hardy Organizations: recreationists, Canadian Interagency Forest Fire Locations: Canada, Vermont, St, Albans, Vt, Bermuda, Quebec

☆ Performance for top hedge funds including Citadel, Millennium, Point72 just dropped. An unlikely winner is at the top of the pile.
▼ + stars: | 2023-03-03 | by ( Alex Morrell | ) www.businessinsider.com time to read: +2 min

February performance figures show a mixed-bag at the top multi-strategy hedge funds. Citadel, continuing its winning streak, is up 2.8% so far, while Millennium is up just 0.5%. Some of the largest multi-strategy hedge funds had killer years in 2022 while much of the industry struggled. An unlikely winner is off to a torrid start after a challenging year in 2022: ExodusPoint is up 2.9% through February on the back of a 2% gain during the short month, according to people familiar with the matter. Citadel has continued its winning streak after record-breaking performance in 2022, up 2.8% this year, sources told Insider.

☆ Two fishermen allegedly caught cheating in viral video plead not guilty
▼ + stars: | 2022-10-27 | by ( Tim Stelloh | Tim Stelloh Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +1 min

Two fishermen whose alleged cheating at an Ohio fishing tournament went viral pleaded not guilty Wednesday to charges of attempted grand theft and other crimes. Jacob Runyan, 42, and Chase Cominsky, 35, said nothing during a brief arraignment at Cuyahoga County Court of Common Pleas. Jacob Runyan and Chase Cominsky sit in court in Cleveland as they are arraigned Wednesday. Mark Gillispie / APThe pair had sought a $28,760 payout at the Sept. 30-to-Oct. 1 Lake Erie Walleye Trail Tournament in Cleveland, the Cuyahoga County Prosecutor’s Office has said. Lawyers for Runyan and Cominsky did not immediately reply to requests for comment.

☆ Two men indicted in Ohio on charges of cheating in fishing tournament
▼ + stars: | 2022-10-13 | by ( Brendan O'Brien | ) www.reuters.com time to read: +2 min

Oct 13 (Reuters) - Two men have been indicted in Ohio on criminal charges after being accused of cheating last month during a Lake Erie fishing tournament by placing weights in walleyes in a scheme to win prize money of more than $28,000 for landing the heaviest fish. A Cuyahoga County grand jury on Wednesday indicted Jacob Runyan, 42, and Chase Cominsky, 35, on felony cheating, attempted grand theft and possessing criminal tools charges. On Sept. 30, they competed in the Lake Erie Walleye Trail tournament in Cleveland. Participants from several surrounding states competed in the tournament to see which team could catch five of the heaviest walleye fish in Lake Erie. The two men were immediately disqualified and instructed to leave the tournament, the prosecutor said.

Two fishermen captured in a viral video appearing to scam an Ohio fishing tournament were on the hook for multiple crimes, including cheating, authorities said in announcing their indictments Wednesday. Two fishermen were found to have weighed down their fish with lead weights in order to win a tournament in Cleveland. @walleyemafia1 via TikTokThe criminal tools charge stemmed from the pair allegedly using Cominsky’s boat during the competition, the release said. A scandal over the alleged crimes erupted Sept. 30, when a video showed a crowd gathering around the competition's proclaimed winners, Runyan and Cominsky. Ten weights were found inside the fish, with eight of them weighing 12 ounces and two weighing 8 ounces.

☆ 'They weren't going to get away with it': Fisherman describes moment cheaters were caught
▼ + stars: | 2022-10-04 | by ( ) edition.cnn.com time to read: 1 min

CNN's Brianna Keilar speaks with Steve Hendricks, the declared winner of the walleye fishing tournament in Ohio, about what he witnessed when other competitors were caught cheating.

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