Neil Phillips does not get prison time in fraud case

Glen Point Capital’s Neil Phillips avoided prison at his sentencing on Tuesday and instead received two years of probation. He [Read More]
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Balyasny redeems from Franck Tuil’s Sparta Capital Management

Balyasny Asset Management redeemed its $250 million backing from Franck Tuil’s London-based Sparta Capital Management, according to a Bloomberg report. [Read More]
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Jain to launch with $5.3B in commitments

Bobby Jain has raised $5.3 billion in commitments for Jain Global’s July 1 debut. It is the largest hedge fund [Read More]
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Sightings…

A number of macro staffers have recently left Schonfeld Strategic Advisors as the multi-strategy firm changes its macro focus from [Read More]
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Millennium plans to raise $6.8B for a second drawdown fund

Izzy Englander’s Millennium Management is planning to raise about $6.8 billion for a new drawdown fund by the end of [Read More]
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