Hema Parmar

1 week ago | bloomberg.com | Hema Parmar |Nishant Kumar

Signage for Citadel Investment Group LLC hangs outside their office in Chicago, Illinois, on July 10, 2009. (Bloomberg) -- Edwin Lin, Citadel’s head of fixed income and macro, is taking a sabbatical from the firm after 14 years. The move was announced to investors this week, people familiar with matter said. He is expected to leave on July 1, one of the people said, asking not to be identified discussing internal matters.

1 week ago | bloomberg.com | Abeer Abu Omar |Zainab Fattah |Hema Parmar |Nishant Kumar

Smoke from an Israeli strike in central Tehran on June 15. (Bloomberg) -- Even against the backdrop of a regional conflict that began in 2023, the Middle East’s main business hubs saw a steady stream of financial workers and firms because the wealthiest Gulf petrostates remained largely insulated.

1 week ago | bloomberg.com | Nishant Kumar |Bei Hu |Hema Parmar

Dubai is home to more than 75 hedge funds, up from 10 or so a decade ago. (Bloomberg) -- In late 2023 hedge fund veteran Danny Yong lost out on a coveted trader he was trying to hire. Not because this person didn’t want to work for his firm. He was just desperate to move to a rival city. Yong’s Dymon Asia Capital is based in Singapore, as was the trader. Yet it was a competing firm with a Dubai office that won him over.

1 week ago | flipboard.com | Nishant Kumar |Bei Hu |Hema Parmar

14 hours agoMonster $13 billion Bitcoin short squeeze alertBitcoin (BTC) is knocking on the door of a historic short squeeze.With the digital asset trading above $105,500, over $13 billion worth of leveraged …10 hours agoJoin The ‘Poor Club’: How To Look Poor On Paper While Staying Rich In RealityJamie Farmer is Managing Partner of Financial Strategies Group, a life insurance industry leader providing clients with practical solutions.

1 week ago | news.bloomberglaw.com | Hema Parmar

Schonfeld Strategic Advisors is backing a new hedge fund in Abu Dhabi, allocating about $500 million to Omar Newera, a former Waha Capitalportfolio manager, according to people familiar with the matter. The long-short equity fund, expected to start operating later this year or in early 2026, will trade exclusively for Schonfeld for a period of time, the people said, requesting anonymity to discuss private information. Schonfeld has reserved the right to increase its allocation over time.