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Richard Moore, formerly head of UBS's central risk book in EMEA, has joined hedge fund Millennium in London as a quant trader after 15 years at UBS. His tenure included navigating the challenges during Credit Suisse's downfall in 2023. The CRB team at UBS, led by Srichakri Adhikarapatti, has seen several members transition to hedge funds, reflecting the internal politics and dynamics of such teams.
Regulatory changes are set to reshape the financial landscape in 2025, with the US likely adopting a more favorable stance towards hedge funds under a Trump administration. This shift may influence global regulations, particularly in the EU, which is under pressure to enhance its competitiveness and attract investment. Meanwhile, Asia is seeing liberalization in markets like India, although China is tightening scrutiny, leading to the closure of numerous hedge funds. Bloomberg believes that the EU must refine its regulatory framework to support economic growth while addressing digital and sustainable finance initiatives.
The multi-manager hedge fund sector is experiencing a downturn, with over $30 billion in client withdrawals in the year ending June 2024, marking the first outflows in seven years. While larger firms like Citadel and Millennium thrived, smaller players struggled with minimal gains, and rising fees deterred investor interest. Despite this, a long-term performance record shows multi-manager funds outperforming traditional hedge funds, suggesting potential for recovery if returns improve.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
ubs quant trader richard moore joins hedge fund millennium in london
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12:07 03.04.2025
global financial landscape shifts as regulations evolve in key markets
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16:11 04.02.2025
multi-manager hedge funds face significant withdrawals amid changing investor sentiment
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14:02 19.12.2024
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