Bradley Saacks

Bradley Saacks primarily covers hedge funds for Business Insider, but also writes on retail asset management, institutional investors, and the private markets. He's covered the biggest names in the multi-trillion-dollar hedge-fund industry, with features of Elliott's head of activism, Baupost Group's Seth Klarman, and the turf war between Ken Griffin and Dmitry Balyasny. Beyond the hedge-fund arena, Bradley has written extensively about the use of data by investment firms, and the data ecosystem that fuels the finance industry. A graduate of the University of North Carolina, Bradley moved to New York in 2016 to cover asset management, and joined Business Insider in late 2018. Have a tip? Feel free to reach out via email at bsaacks@businessinsider.com; for more secure lines, Bradley can be reached at 919-816-5537 on Signal and WhatsApp. Jain Global, the most anticipated new hedge fund in years, is about to make its debut. An architect of the manager explains how it will be different. Bobby Jain set out to build a different type of hedge fund. His second in command, Jonathan Barton, takes us behind the biggest launch in years. Inside Schonfeld's macro shake-up: Research turnover, PM changes, and a shift away from big bets The $10 billion manager has had a strong start to the year, leading its peers in performance through May. D1 Capital's stock bets are paying off this year. Here's how Dan Sundheim's peers like Tiger Global and Coatue are doing in 2024. Several big-name Tiger Cubs have continued to chip away at the losses suffered during 2022's downturn. Millennium org chart: The 47 executives behind Izzy Englander's $64 billion hedge-fund behemoth Millennium Management has grown into a massive organization with hundreds of investing teams. Business Insider mapped the $64 billion firm's top layer. In a rare stumble, Citadel loses money in May as peers gain. Here's how hedge funds performed last month. Billionaire Ken Griffin's flagship fund lost money in May while Schonfeld, Point72, Millennium, and more were up. More than 300 interns at Citadel and Citadel Securities start next week. Here's how Ken Griffin's firms ramped up their program and recruiting. The two Miami-based firms have been intentional in getting in front of students "in a much broader way." Prop-trading firms and hedge funds like Point72, Balyasny, and Bridgewater are turning to AI for higher returns. Here's what they pay AI workers. Data is king for hedge funds, and the generative AI era offers new advantages. See how much the biggest firms are willing to pay for talent Paul Singer's Elliott Management just raised $8.5 billion. The vaunted hedge fund laid out where it sees opportunities in its latest letter to investors. The firm was reportedly aiming to raise only $7 billion but surpassed that total by more than 20%. Former Goldman Sachs rates trader leaves $35 billion Brevan Howard less than a year after joining Brevan Howard's overall headcount has decreased significantly this year as the firm has cut costs. In April, the firm cut 10% of its workforce. $2 billion quant firm Engineers Gate is expanding to Singapore as more multi-strats set up shop in Asia Engineers Gate was started by Highbridge Capital cofounder Glenn Dubin. It's entering a crowded Asian multi-strategy fund scene. Wall Street's beach reads: 35 books to read on your summer vacation, picked by top investors, dealmakers, and traders We compiled a list of books that top Wall Streeters have recommended over the years that have helped them get ahead. A new CEO rating is putting a number on the effectiveness of people running the largest companies in the world Alt data company Paragon Intel has rated every CEO, CFO, and COO for 1,300 public companies. David Einhorn was once the young thorn in the side of executives. Now he's dealing with his own. Former Greenlight employee James Fishback has been in a legal fight with his former boss since he left the hedge fund last year to launch his own firm. Longtime tech investor Dan Niles is fundraising. He explains why he believes now is the time for his Satori Fund. After starting his own investment manager, long-time investor Dan Niles is looking to grow. Here's how big-name quants like Renaissance Technologies and D.E. Shaw performed in April despite choppy markets Renaissance Technologies withstood April's market volatility. Its legendary founder, Jim Simons, died last week. Hedge funds are racing to set up in Abu Dhabi and Dubai. It's not only about the money. Capital from the Middle East might not come to your hedge fund's new Dubai office, but plenty of portfolio managers will. Schonfeld's head macro researcher is leaving after less than a year to join Bridgewater Jerome Saragoussi is reuniting with macro trader Ben Melkman at Bridgewater. He'd recently been promoted to head of macro research at Schonfeld. How $65 billion Marshall Wace is turning into the hedge funds it's criticized Marshall Wace introduced an extra compensation charge on its $22.4 billion Eureka fund last summer to compete with other multi-strategy hedge funds. Schonfeld's Asia cohead is leaving the $10 billion firm's fast-growing outpost Former Folger Hill executive Eric To first joined Schonfeld when the two merged in 2019. Billionaire Steve Cohen's $33.9 billion Point72 sheds stockpickers Steve Cohen's Point72 has parted ways with a handful of stockpickers. The fund has 185 investment teams, the majority in fundamental equity. View more