Schonfeld loses man who was in hedge fund nirvana
Maybe multistrategy hedge funds aren't so great after all.
Source: efinancialcareers.com
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Source: artdaily.com
Millennium Management appoints Paul Russo and Justin Gmelich as co-CIOs to run new unit
Millennium Management created a new office of the chief investment officer and appointed two co-CIOs to head the unit.
Source: pionline.com
Barclays & Credit Suisse at risk of upsetting bankers all over again
It was nice while it lasted. For a while there was a very warm feeling at Credit Suisse and a tepid sort of feeling at Barclays following the news that CS would be raising junior salaries and giving a special $20k bonus to bankers below VP-level, and that Barclays would be curtailing senior bankers' ability to give junior bankers work to do at the weekends. Now it seems that there may be some downsides too. While Credit Suisse is busy handing out prizes with one hand, it seems to be preparing to take them away with the other. Following the big losses on Archegos Capital Management and ...
Source: efinancialcareers.com