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Binance Co-Founder He to Lead $7.5 Billion VC Arm in Shuffle

Binance, the world’s biggest crypto exchange, said its co-founder Yi He will serve as the new head of its venture capital arm Binance Labs, replacing Bill Chin, who left earlier this year. Binance Labs manages total assets of $7.5 billion. That makes it one of the largest venture capital players in the crypto industry, rivaling giants such as Silicon Valley investment firm Andreessen Horowitz’s digital assets-focused efforts…

LibreMax’s Main Fund Gains 4% in Turbulent First Half of Year

The main fund at asset management firm LibreMax Capital gained about 4% in the first half of the year after cutting exposure to riskier collateralized loan obligations and selling longer-duration asset-backed securities, according to a note to investors seen by Bloomberg…

FX Hedge-Fund Survivors Are Finally Making Money as Dollar Soars

After getting thrashed in the era of low interest rates, the last remaining hedge fund managers dedicated to the world of foreign exchange are in fighting spirits this year. Aggressive Federal Reserve tightening is sending the US dollar to historic highs and spurring big moves across exchange rates from Europe to Asia…

Point72’s Steve Cohen Exits Investment in Crypto Firm Radkl

Hedge fund billionaire Steve Cohen exited his investment in cryptocurrency trading startup Radkl, according to a spokesperson for the digital-asset company. The quantitative crypto trading firm, which was formed last year by New York Stock Exchange market maker GTS, has already lost at least four managing directors this year, including Jim Greco, Allan Erskine, Jason Bell and Beatrice O’Carroll…

Goldman Lost 2 Traders Then Accused Them of Accessing Secret Code

Inside a lucrative and envied Goldman Sachs Group Inc. trading squad, a pair of employees racked up praise in their recent reviews. One was dubbed “exceptional” with an “impeccable work ethic,” the other as “outperforming” and a “culture carrier.” When the duo accepted new jobs at a hedge fund this year, they said, the bank urged them to reconsider…

Ex-Goldman Sachs MD now a hedge fund headhunter

Dan James has worked on the sell-side. He’s worked on the buy-side. And now, he’s morphing into a person know for a job in hedge funds. James, who was a Goldman Sachs managing director and head of synthetics and quant sales between 2014 and 2018, has just opened a search boutique, Monroe Partners with veteran headhunter Christian Robbins. James spent the past four years in business development for hedge fund Millennium Management, scouting for portfolio management talent…

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