Avinash Abraham News Today

Smaller hedge fund firms are facing a difficult capital-raising environment and an increasingly costly war for talent. Read more at straitstimes.com.

(Bloomberg) -- Hedge fund founders in Asia are jumping ship to global giants from Citadel to Millennium Management as the struggles of capital raising and pressure to make higher returns curb the attractiveness for some managers’ solo endeavors.Most Read from BloombergFlorida Governor DeSantis Drops Out of 2024 Race, Endorses TrumpHedge Funds Rake in Huge Profits Betting on Catastrophe RiskPutin Orders Hunt for Property of Russian Empire, Soviet UnionGloom Over China Assets Is Spreading B...

One financial services income may not buy all that much. Two can get you a lot of shoes.

Torq, which was seeded by Alibaba co-founder Joe Tsai’s family office, managed more than US$1.5 billion at its peak. Founder Avinash Abraham will join Citadel’s Asia fundamental equities team as portfolio manager.