The Hedgeweekender | Millennium's makeover, DIFC's startup play, Andurand's big dip
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This week in hedge funds
?? Millennium founder Izzy Englander is considering distributing equity in the $76bn hedge fund firm to key executives for the first time, marking a significant shift in the firm’s structure.
??? Market volatility dealt a blow to several major hedge funds in February, including Millennium , Citadel , and Jain Global .
?? 法国巴黎银行 ' THEAM Quant fund range has launched a UCITS fund aimed at cashing in on 'a multi-decade investment opportunity' in the nuclear energy sector.
???? Dubai is launching a dedicated workspace at the DIFC for hedge fund startups looking to establish a foothold in the region.
?? Hedge funds have ramped up their bearish positions, selling more stocks than they bought by the largest margin in a year, according to Goldman Sachs Asset Management .
?? Both the MFA and AIMA - The Alternative Investment Management Association have hit out at plans by global regulators to restrict hedge fund leverage limits.
The week in numbers
?? $2bn – The amount Millennium has committed to support the launch of new alternative asset management firm Lane42 Investment Partners .
??? 16 weeks?– The duration of Verition Fund Management LLC 's inaugural internship programme launched in collaboration with the DIFC .
?? $415m?– The total outflows recorded by digital asset investment products last week, the highest on record, according to CoinShares .
?? 37% – The size of the slump at Pierre Andurand 's Commodities Discretionary Enhanced fund in the first two months of the year, erasing all of its 2024 gains.
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