Goldman’s Yuriy Podoshev Heads to Hedge Fund Bridgewater as Engineering Director (Financial News)
Bridgewater Associates, one of the world’s biggest hedge funds, hired Yuriy Podoshev to boost its engineering team. Podoshev, who joined Bridgewater as engineering director, previously spent almost 16 years at Goldman Sachs. In his most recent role, Podoshev was a managing director and global head of loans engineering.
New York Based Hedge Fund Opens Tel Aviv Office (Jewish Press)
The New York based Third Point LLC hedge fund opened an office this week in Tel Aviv, Ynet reported. The new office is to be headed by Sapir Harosh, an IDF military intelligence veteran who joined the firm earlier this year. Harosh previously worked at the Israeli Pitango company. The $14 billion firm headed by billionaire investor Daniel Loeb is searching for start ups in the Jewish State, according to the report. Loeb has previously invested with Nestle SA and Walt Disney Company, among others.
Mark Zuckerberg’s Metaverse Strategy Is Alarming Investors, and One Is Calling on Meta to Slow Down (Observer.com)
Altimeter Capital, a hedge fund and Meta shareholder, says Meta should lay off 20 percent of its workforce and limit spending to regain the lost confidence of investors. Investors are losing confidence in Meta, according to a longtime shareholder. Brad Gerstner, the CEO of Altimeter Capital, a hedge fund that owns 0.1 percent of Meta, published an open letter to Mark Zuckerberg and Meta’s board on Oct. 24. The loss of confidence began last year when Facebook changed its name to Meta and increased investments in the metaverse, he wrote in the letter published on Medium. Meta took a chance on its business when it pivoted from social media to artificial intelligence and developing the metaverse. Embracing risk might be better than falling behind on a potentially game-changing new technology, but Meta hasn’t yet been able to convince investors or the press its project is worth it.
Pixabay/Public Domain
Norron to Swallow Last Nordic Cross Fund (Hedge Nordic)
Stockholm (HedgeNordic) – As part of Carnegie Fonder’s takeover of hedge fund boutique Nordic Cross Asset Management, one Nordic Cross hedge fund has been liquidated, a second one has been merged into a Carnegie fund, and a third one continues its journey under the Carnegie brand. The fourth Nordic Cross hedge fund, Nordic Cross Stable Return, will be merged into the long/short equity fund of fellow Swedish fund manager Norron AB.
Hedge Fund Schonfeld Keeps Hiring Women in London (eFinancialCareers)
US hedge fund Schonfeld is building its London team, and it’s doing it in style. Niamh Taylor, who joined the firm as EMEA head in June this year in a huge move – which Schonfeld chief strategy officer Danielle Pizzo called a “milestone” – has been the leading the charge. Prior to Schonfeld, Taylor spent eight and a half years at JPMorgan, where she was a managing director in prime and alternative sales. She was previously head of EMEA and APAC sales for prime fund services at Credit Suisse and head of EMEA and APAC sales for fund administration at Goldman Sachs.
