Elena Nikulina

Big firms dominate assets, Nishant Kumar notes

Big firms dominate assets, Nishant Kumar notes
Big firms squeeze new market entrants

Nishant Kumar observes that entering the market with backing from major firms or high-profile investors once nearly ensured a billion-dollar launch.

However, he points out that leading traders now find it difficult to break in, as large firms have acquired much of the available assets.

Kumar recently reported that Millennium hired Drew Gillanders, former head of Citadel’s International Equities, to lead a new equities unit in an earlier article. He has also covered Chris Rokos’s macro hedge fund performance, noting it made money last month while peers faced difficult trading conditions in a separate report. These updates come as veteran traders encounter increasing challenges in deploying capital.

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