Performance Round-Up: Schonfeld, Greenlight, Pershing Square post gains in May while Citadel dips

Early indications reveal that several large multi-strategy firms gained 1-2% in May. One notable exception was Citadel which stumbled with [Read More]
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Ackman net worth boosted to $8B….new fund is targeting $25B

Bill Ackman sold a 10% stake in Pershing Square that values the hedge fund at just over $10 billion, ahead [Read More]
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Sightings…

Ian Harris has joined Jain Capital as head of credit risk in the London office. He had been at Credit [Read More]
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Launches: Diego Megia’s Taula Capital launches with $5M, closes to new money

Diego Megia launched Taula Capital with $5 billion and also closed it to new money on its first day. The [Read More]
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29 institutional investors sign open letter, requesting hedge funds to use cash hurdles in incentive fee arrangements

Twenty-nine institutional investors – led by the Teacher Retirement System of Texas –  signed an open letter requesting hedge funds [Read More]
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