Quant Powerhouse Two Sigma Moves to Hire Flesh-and-Blood Traders (Bloomberg)
Two Sigma Investments, the quant hedge-fund giant known for using computer-driven algorithms to make money, is for the first time exploring ways to add traders who rely on their human judgment to make money as the $60 billion investing firm looks to diversify its strategies. New York-based Two Sigma, which uses machine learning and big data to make systematic trades, has hired some staff and is interviewing traders and researchers, according to people familiar with the matter. The move into discretionary investing will target talent for equities, macro and fixed-income investments, one of the people said, asking not to be identified because the details are private.
VideoCast : Hedge Fund Tips with Tom Hayes (Investing.com)
For many months we have been saying (in our weekly podcast|videocast) that June, July and August would be the months we would see headline inflation collapse to the mid to low 3% levels. This estimation was realized this week for the June numbers.
Millennium Taps Another Goldman Commodities Trader (Hedge Week)
Millennium has added another Goldman Sachs commodities trader to its team, with Katie Edin, a Vice President in the bank’s natural gas trading division in New York, joining the multi-strategy hedge fund major, according to a report by eFinancial Careers. Edin’s arrival at Millennium follows the appointment of Goldman’s oil trading ‘superstar’ Anthony Dewell, who made the switch in October last year.
Thomas Wagner on Sports Investing With Tom Brady (Bloomberg)
Bloomberg Radio host Barry Ritholtz speaks with Thomas Wagner, co-chairman and co-founder of Knighthead Capital Management LLC, which has $10 billion in assets under management. He is a co-investor, with Tom Brady, in several sports assets, including a pickleball team, the English Football League’s Birmingham City club and an endurance auto racing team. Before founding Knighthead Capital, Wagner was a managing director responsible for running the distressed and high-yield credit trading desks at Goldman Sachs & Co. Wagner began his career doing hedge fund accounting at Ernst & Young; prior to joining Goldman in 2000, he was a high-yield trader and special-situations desk analyst at Credit Suisse First Boston.
More Than $3M Bet On Asana? Check Out These 3 Stocks Insiders Are Buying (Benzinga)
Asana: The Trade: Asana Inc. (ASAN) President, CEO and Chairman Dustin Moskovitz acquired a total of 160,000 shares an average price of $21.34. To acquire these shares, it cost around $3.41 million. AMREP: The Trade: AMREP Corporation (AXR) 10% owner Rainey Lancaster acquired a total of 25,361 shares at an average price of $14.82. To acquire these shares, it cost around $375,917.
