Hedge Fund and Insider Trading News: Mark Yusko, Millennium Management, Aspect Capital, D. E. Shaw, Sculptor Capital Management, Apollo Global Management (APO), Hill Street Beverage Co (HSEEF), and More

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Another Top Citi Trader in NYC Left for a Hedge Fund (eFinancialCareers.com)
Citi’s institutional clients group (investment bank) may have achieved a 60% increase in profits in the first nine months of 2021, but this isn’t preventing senior traders at the bank from leaving for new roles. Last week, Bloomberg reported that Matt Zhang, a 14 year Citi veteran, co-head of structured products trading and solutions, and creator of Sprint (spread products investment technologies team), was leaving to set up his own $1bn fund to trade crypto assets and invest in crypto companies. Now, another Citi trading veteran has left for hedge fund Millennium.

How the $60 Billion Quant Giant D. E. Shaw Analyzes Google Data to Supercharge Its Macro Strategy (Business Insider)
To the untrained eye, this spring saw the return of Americans eating out and shopping at their favorite restaurants and stores at nearly the same level as pre-COVID times. According to Google mobility data, which tracks people’s locations with Google apps on their cell phones, retail and recreation visits in April, as well as the summer months, were roughly 5% off from where they were in January of 2020. In other words, Americans were back to the dining and shopping routines they had before the pandemic.

Bitcoin Bull Mark Yusko Sees Trouble at $60,000, Calls the Cryptocurrency ‘Overbought’ Right Now (CNBC)
A bitcoin bull is on pullback watch. Hedge fund manager Mark Yusko believes investors will take profits due to the cryptocurrency’s sharp rally over the last few weeks. “There are a lot of people that think we could hit $100,000 by the end of the year. The stock to flow model says we should,” the Morgan Creek Capital Management CEO and CIO told CNBC’s “Trading Nation” on Friday. “I also wouldn’t be surprised of a little consolidation. Look, we’re up 40% this month which is only 15 days old.”

Quant Hedge Fund Pioneer Aspect Capital Launches China-Focused Futures Strategy (Hedge Week)
Quantitative hedge fund and CTA pioneer Aspect Capital has unveiled a new systematic momentum-based investment strategy focused on Chinese financial and commodities futures, tapping into the expanding global institutional investor appetite for opportunities there. The Aspect China Diversified Fund – which launches with more than USD100 million in external capital – uses the London-based firm’s systematic medium-term trend-following models to trade more than 40 onshore Chinese futures markets spanning six asset classes: agriculturals, bonds, energies, industrials, metals and stock indices.

Sculptor Is Launching a SPAC (Institutional Investor)
Sculptor Capital Management has filed plans to launch a blank-check company. The firm best known for its multistrategy hedge fund is seeking to raise at least $200 million for Sculptor Acquisition Corp. I, making it the first hedge fund firm to plan a public listing of a special purpose acquisition company…





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