Hedge Fund Movers

Ex-Schonfeld EMEA Head Joins Jane Street in London

Niahm Taylor, previously the head of EMEA at the London-based hedge fund Schonfeld, was among 150 employees who lost their jobs following the fund's unsuccessful tie-up with Millennium.

Now, Taylor has made her return, not at another hedge fund, but at the electronic market-making firm Jane Street, according to eFinancialcareers.

At Jane Street, Taylor has joined the London bank and broker management team. She has not yet responded to requests for comment.

Before her nearly two-year tenure leading Schonfeld's EMEA office, Taylor spent eight years at JPMorgan as a managing director specializing in prime and alternative sales.

Polar expands after strong 2024, makes key hires

Polar Asset Management Partners, a leading Canadian hedge fund, has opened a London office and grown its headcount by 15% since early 2023, according to Bloomberg. The firm has expanded across commodities, equities, fixed income, and credit, with notable hires like Anna Litman Correa from Citigroup and Mickael Soussant as Commodity Risk Director.

Its flagship multistrategy fund delivered an 8.6% return in 2024, the best since 2020. Managing $6.3 billion in assets, Polar is focused on infrastructure growth, including AI-driven tools and synthetic risk transfer strategies, while strengthening its global presence and technology capabilities.

Third Point appoints new president to expand credit platform

Hedge fund Third Point has named Joshua Targoff as President to support its credit platform expansion, according to a Reuters report.

Founder Daniel Loeb announced the promotion in an investor letter, praising Targoff’s 17-year tenure and leadership. Previously Chief Legal Officer and Chief Operating Officer, Targoff became a Partner in 2012 and has driven initiatives like Third Point Reinsurance, litigation finance, and activist campaigns at major companies such as Baxter, Campbell’s, and Yahoo.

Loeb described Targoff as a “trusted consigliere,” emphasizing his role in shaping the firm’s strategy. The move follows Third Point’s acquisition of AS Birch Grove to enhance its credit investing capabilities.

Managing $12 billion in assets, Third Point delivered a 25% return in 2024, recovering from a 4% gain in 2023 and a 22% loss in 2022.