Quant hedge fund hires mathematicians, physicists and computer scientists without financial backgrounds.
The Fed also announced a $268m fine with UBS for misconduct by Credit Suisse re Archegos.
DIFC continues to witness an inflow of alternative investment firms and hedge funds.
The partnership will build technology-enabled alternative and long-only investment strategies.
They succeed Jay Wintrob who will step down as CEO in the first quarter of 2024.
The rule may exacerbate stress on funds, harm investors and increase market volatility.
Growth in ETF assets has outpaced growth in hedge funds since 2008.
Total global hedge fund capital finished 2022 at $3.83 trillion, a quarterly increase of $44bn.
FTX Ventures had acquired a 30% stake in SkyBridge Capital.
