Launches, closures, capital raises and portfolio-manager moves at hedge funds.
Top storyHedge funds
Windrise Capital, a new commodity-focused hedge fund founded by former GIC portfolio manager Hao Dong, targets $200m–$300m and received in-principle approval from Singapore's Monetary Authority; planned Q1 2027 launch with macro strategy leveraging Chinese commodity data.
Millennium Management's latest capital raise expected to finalize ~$22bn of commitments on 1 October, exceeding the $20bn target with >$30bn total investor demand; firm explores additional $3bn credit strategy vehicle.
Bank of England warns that elevated hedge fund leverage in UK gilt market, combined with AI asset and corporate debt exposures, poses spillover risk across financial markets; central bank considering measures to strengthen gilt repo resilience.
Point72 hires Ashot Ordukhanyan, former co-head of JPMorgan's equities central risk book, as head of risk technology in New York; Ordukhanyan spent two years at risk-tech firm ActiveViam and held 14 years at Goldman Sachs and roles at RBS and Deutsche Bank.
Yingyi Chu, former Morgan Stanley quantitative strategist who joined Rokos Capital as head of equity investment quants in September 2025, departed the firm's UK entity at end of July after approximately one year.
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