Greenlight Surged in August (Institutional Investor)
David Einhorn appears to have benefited, in part from the recent sharp boost of his short portfolio. Greenlight Capital is back on a roll. The value-driven hedge fund firm headed by David Einhorn posted a strong 7.3 percent gain in August. This compares with a loss of 1.77 percent for the S&P 500 and a loss of 2.17 percent for the Nasdaq composite.
Billionaire Ray Dalio’s Advice for a Fulfilling and Lucrative Career (MintGenie)
Ray Dalio, the brain behind Bridgewater Associates – the world’s dominant hedge fund managing an awe-inspiring over $160 billion in assets – has time and again proven his mettle in the financial domain. A few years ago, he gave two gems of advice for those seeking both professional fulfillment and financial prosperity: creativity and flexibility. Dalio, in a discourse on LinkedIn, shared his insights on the journey to bridging one’s passions with financial gain. He remarked, “To have both the money you need and the job you want, you have to be creative and flexible.”
Bobby Jain Hires More Key Talent Ahead of 2024 Hedge Fund Debut (Bloomberg)
New York-based firm plans to open offices in London and Asia. Jain Global’s launch poised to rival ExodusPoint’s $8 Billion. Bobby Jain is filling key roles and locking down office space around the world as he prepares for what could be one of the biggest hedge fund launches in industry history. The former Millennium Management executive hired Townie Wells as chief investment officer for fundamental equities in the Americas, according to a person familiar with the matter. Wells, who’s joining Jain Global in October 2024, most recently worked for two years as a portfolio manager at Citadel’s equities unit, Ashler Capital, according to his LinkedIn profile.
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The Rebirth of Antiloop Hedge: Splitting Into Two (Hedge Nordic)
Stockholm (HedgeNordic) – Antiloop Hedge wrapped up its journey as a multi-strategy vehicle at the end of August, with the Antiloop team gearing up to launch two separate strategies as standalone funds by year-end. Anna Svahn will spearhead her tactical asset allocation strategy, Cygnus, as a standalone Luxembourg-domiciled fund, while Martin Sandquist will oversee his multi-asset global macro strategy within a separate fund.
Glenview Chief Compliance Officer to Join Lowenstein Sandler (Hedge Week)
Jonathan A Danziger, General Counsel and Chief Compliance Officer at Glenview Capital Management, the $8.7bn New York-based hedge fund founded by Larry Robbins, is leaving the firm to join Lowenstein Sandler as a Partner in its investment management group. Danziger, who will be based in Lowenstein’s New York City office, is set to take up his new role in mid-September.
