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Schonfeld Eyes Swiss Expansion: Hedge Fund Targets Zurich
5 Jun
Summary
- Schonfeld is establishing a new office in Zurich, Switzerland.
- The firm has hired former Millennium Management portfolio managers.
- Schonfeld's assets have doubled to approximately $20 billion recently.
Schonfeld Strategic Advisors is set to establish a new office in Zurich, Switzerland, marking its growing international presence. This expansion is part of a trend among hedge funds seeking to build operational bases and recruit investment talent in the country.
The Zurich office is anticipated to commence operations later this year. Key personnel recruited for this new venture include Yohan Hwang and Pierre Kling, both former portfolio managers at Millennium Management.
This strategic move by Schonfeld occurs on the heels of substantial growth, with the firm's assets approximately doubling to around $20 billion in the last two years. The firm has also recently expanded its credit operations and brought in macro investors.
