Hedge Funds: Point72 Traders Exit as Emerging-Markets Pod Closes

Welcome to the Hedge Funds Brief, your weekly read on the industry, including market calls, personnel moves and performance.

Headlines

Point72 closed a trading pod that focused mostly on emerging-market assets, culminating in the departure of two traders.

Kodai Capital Management, a hedge fund backed by Millennium, is returning capital to all clients.

Pierre Andurand’s losing streak continued well into April amid the turmoil sparked by Trump’s tariff barrage.

Robert Gibbins, who returned clients’ capital in 2022, is looking to raise external money again after his revamped strategy produced double-digit gains for his macro hedge fund.

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