Asset owners have replaced departing senior execs with a focus on hiring diverse candidates.
Hedge fund launches and liquidations were moderate in the second quarter, HFR data showed.
Hedge fund managers took advantage of the tailwind of strong global growth and COVID-19 uncertainty to raise AUM in the year ended June 30.
Multimanager hedge funds changed the industry over the past five years, attracting billions, but many are hampered by capacity constraints.
David Hagee was promoted to CIO of Commerce Trust Co. to replace long-tenured predecessor Landers Carnal.
Victory Capital Management will acquire New Energy Capital Partners, the company's first purchase of an alternative investment manager.
A former hedge fund executive and distressed investment manager shares her experiences working in a male-dominated industry in a new memoir.
Multiaffiliate managers are vying with private equity firms to snap up minority ownership stakes in alternative managers.
The multiaffiliate segment of the investment industry is under pressure with the future likely to bring smaller firms with fewer affiliates.
Renaissance Technologies executives will pay $6.8 billion in an IRS settlement over past options use in the firm's flagship Medallion Fund.
Texas County & District Retirement System committed an additional $23 million to a Cheyne Capital European distressed debt fund.
Magnetar Capital hired Stuart Davies to fill the new position of head business development for its systematic investment unit.
J.P. Morgan promoted Bryon Lake to global head of ETF solutions to drive new product development.
Money managers are cautiously bringing employees back to U.S. offices given the delta variant, with many implementing hybrid work models.
Money managers pushed return-to-work dates for U.S. offices to October in response to surging COVID-19 and delta variant cases.
State Street will close its two offices in New York and provide smaller shared workplaces in the Tri-State area to support hybrid working.
Strong Q2 performance and net inflows inflated AUM for most publicly traded money managers, especially alternative strategy specialists.