Latest news with #VeritionFundManagement
Bloomberg
21-04-2025
- Business
- Bloomberg
Hedge Fund Verition Hires Ex-HSBC Trader for Latin America Team
Multistrategy hedge fund Verition Fund Management has hired Alfredo Alarcon, a former trader at HSBC Holdings Plc, according to a person familiar with the matter. Alarcon started on Monday as part of a team focused on Latin America, said the person, who requested anonymity to discuss private details. At HSBC, where he worked for more than a decade, Alarcon traded mostly Mexican local markets.
Arabian Business
03-03-2025
- Business
- Arabian Business
DIFC: $12bn hedge fund seeks interns to join Dubai office
A Dubai hedge fund is seeking world-class interns to join a 16-week programme in DIFC. Verition Fund Management has announced the launch of its inaugural internship programme for its office in Dubai, in collaboration with Dubai International Financial Centre (DIFC). DIFC's inaugural Future of Finance report, which was developed using network-based research and discussions with leaders from the industry, identified the importance of overcoming potential talent shortages by attracting and retaining professionals through competitive compensation, continuous training programmes and partnerships with educational institutions. Dubai interns at DIFC Verition's internship initiative helps address some of the findings by providing talented university students, including UAE Nationals with valuable hands-on experience in the world of global finance. With $12bn in assets under management (AUM) and a team of more than 700 employees worldwide, Verition operates offices across the US, UK, Hong Kong, Singapore, and Dubai. Since establishing in DIFC in 2023, the firm has steadily expanded its presence in the region, quickly growing its employee base and diversifying the number of strategies managed from Dubai. As part of Verition's commitment to cultivating the talent pool within the UAE, the 16-week immersive and highly selective internship programme will welcome students from Zayed University, American University in Dubai, American University of Sharjah, among other top UAE universities. Participants will rotate across various investment-focused groups, including: Credit Fixed Income and Macro Convertible and Volatility Arbitrage Event-Driven Equity Long/Short and Capital Markets Quantitative Strategies Additionally, they will gain insight into critical non-investment functions such as treasury, operations, legal/compliance, and more. The internship programme will be hosted in-person at Verition's Dubai office, located in DIFC. Participants will benefit from personalised mentorship by seasoned professionals, a collaborative learning environment, and exposure to Verition's entrepreneurial culture, which values open communication and innovation across its strategies. Applications for the internship programme will open within the coming weeks. Students enrolled in undergraduate programmes studying finance, economics, or related fields are encouraged to apply.
