Millennium changes terms – the higher of annual 1% fee of assets or 20% of investment gains; eliminates key man clause

In a February 21 letter to investors, Millennium Management disclosed a change in terms. Investors will now pay an annual [Read More]
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Performance Round-Up: Mixed results in February

With equities weaker and interest rates higher in February, hedge funds felt pressure. The HFRI Fund Weighted Composite Index dipped [Read More]
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Jacksonville Police and Fire Pension prohibits crypto investments

At its February board of trustees meeting, the $1.9 billion Jacksonville Police and Fire Pension updated its actuarial rate of [Read More]
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Launches: Todd Barker’s Freestone Grove Partners expected to launch with over $1B

Todd Barker, who had been at Citadel for 16 years, is launching Freestone Grove Partners later this year. The multi-manager [Read More]
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Sightings…

Christoper Palazzolo  has joined Bridgewater as head of Europe and global sustainable investment partnerships. He had previously been at AQR [Read More]
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