Similar Stories to Quant Hedge Fund Seven Eight Capital Is Winding Down A Year After Leaving Schonfeld on Bing News

Seven Eight CapitalQuant hedge fund Seven Eight Capital is winding down, according to people familiar with the matter.The fund managed around $500 million at its peak and traded for Schonfeld for many years.The funding is closing after large investors pulled capital, the people said.Quant hedge fund Seven Eight Capital, which for many years invested money for Schonfeld Strategic Advisors, is winding down, according to people familiar with the matter.Seven Eight Capital is closing as a hedge fund and will cut most of its staff after two large investors redeemed capital, the people said, asking to remain anonymous because the information isn't public.The firm could continue to operate in some capacity, the people said, potentially as a separately managed account for an existing hedge fund.Cofounder Adrian Sisser declined to comment when reached by phone.Seven Eight, founded by Sisser and Stephen Cash, managed around $500 million in assets at its peak, sources familiar with the firm said.

More Business News

People who read for fun have different brains. Here’s what to know
Fast Company, Friday - 12/13/2024 - 09:00 AM
Better reading ability was linked to a larger anterior part of the temporal lobe in the left hemisphere compared to the right. The number of people who read for fun appears to be steadily dropping. Fifty percent of U. K. adults say they don’t read regularly (up from 42% in 2015) and almost one in four young people aged 16-24 say they’ve never been readers, according to research by The Reading Agency.
More | Talk | Read It Later | Share
Why an Atlantic circulation collapse could spell disaster
Fast Company, Friday - 12/13/2024 - 09:00 AM
It’s hard to overstate how widespread and calamitous the impacts could be if the system of ocean currents known as the Atlantic Meridional Overturning Circulation were to collapse. Among the many reasons why we ought to cut climate-warming greenhouse gas emissions as quickly and sharply as possible, the weakening of a system of ocean currents known as the Atlantic Meridional Overturning Circulation, or AMOC, ranks high indeed.
More | Talk | Read It Later | Share
What is a ‘winter arc’? How you can use it to supercharge your resolutions
Fast Company, Friday - 12/13/2024 - 08:30 AM
New Year’s might not be the best time to set career goals or embrace a new wellness habit. An overwhelming number of people—91%, says one study—fail to keep their New Year’s resolutions. Still, a decent percentage of Americans continue to make one each year. But what if January 1 isn’t the best time to implement changes?
More | Talk | Read It Later | Share
A top Chinese economist just said what many people suspected: China's official GDP numbers may not be accurate
Business Insider, Friday - 12/13/2024 - 02:16 AM
China's domestic consumption and demand has been slow following the pandemicJon Hicks/Getty ImagesA Chinese economist said China's official GDP figures may be higher than actual numbers. He said China's GDP is likely to grow between 3% and 4% in the next three to five years, but the official number is likely to remain at around 5%.
More | Talk | Read It Later | Share
Trump is unlikely to get a new Air Force One during his presidency because of Boeing delays: report
Business Insider, Friday - 12/13/2024 - 02:06 AM
Melania and Donald Trump exit Air Force One on Inauguration Day 2020. Noam Galai/Getty ImagesBoeing has delayed its Air Force One delivery to 2029. That means the new planes likely won't be delivered until after the end of Trump's second term in office. The $3.9 billion deal with Boeing has faced multiple setbacks since 2018.
More | Talk | Read It Later | Share
Kylie Kelce has a 'brutally honest' gift guide for what not to buy kids this year
Business Insider, Friday - 12/13/2024 - 01:07 AM
Kylie Kelce is a soon-to-be mom of four. Michael Simon/Getty Images for HP Inc. Kylie Kelce said that there are toys she wouldn't want in her house on the latest episode of "Not Gonna Lie."Her 'please don't buy this for my children' gift guide includes toys with too much glitter and pets.
More | Talk | Read It Later | Share

Similar Stories to Quant Hedge Fund Seven Eight Capital Is Winding Down A Year After Leaving Schonfeld on Bing News

Welcome to Wopular

MoviesWithButter : Our Sister Site

More Business News