Verition Fund Management has shut down a trading team led by former Goldman Sachs executives Sina Lashgari and Jon Paul, following a period of underperformance, according to a report b Bloomberg citing unnamed people familiar with the matter.
Lashgari and Paul, who left Goldman in 2022, had initially been known for index rebalancing strategies but had recently pivoted toward event-driven trades. Their four-person team has now largely disbanded, with one member remaining at Verition, the sources...
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