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‘Instrumental’ Jump Trading quant researcher is getting launch capital from Millennium

A top quant researcher who resigned from systematic trading firm Jump Trading Group last week is getting backing from hedge fund giant Millennium Management, Business Insider has learned. Loading audio narration… Yiming Zhang, one of Jump’s most senior researchers and a 17-year veteran of the firm, is expected to start as an external manager for Millennium on an exclusive basis after his non-compete restrictions expire, people familiar with the matter said.Jump, like many secretive quant…

Finance news

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Business

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States force Roblox to pay M and tighten protections for young users

Roblox has agreed to sweeping platform overhauls and more than $23 million in combined settlements with the states of Alabama and West Virginia following investigations into the gaming platform’s child safety failures. The settlements, both announced by the states’ attorneys general on Tuesday, mandate strict new safeguards designed to protect…

Markets

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Marketing to “a segment of one” is possible with AI, says Adobe’s enterprise CMO

Artificial intelligence creates “a culture of experimentation,” and gives marketers the power to quickly scale the innovative and creative work they do, said Rachel Thornton, chief marketing officer of Adobe’s enterprise business, in a video interview for CMO Insider. Loading audio narration… A major benefit is optimized personalization. Thornton said…

Investing

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