Rachael Levy

BI PRIME: Elliott Management has hired former Citi executive Jean-Yves Magnan as its deputy chief financial officer. Magnan was previously chief financial officer of Citi's cards division.

Daniel Michalow, the D.E. Shaw portfolio manager who was fired following an investigation into allegations of inappropriate behavior, is planning to take legal action against the $50 billion hedge fund.

BI PRIME: Amy Zipper, Tourbillon's chief operating officer and president, left last week. The hedge fund, which launched to much fanfare in 2013 and raised significant capital at the time, has struggled to perform in recent years.

Institutional Investor is out with its list of top-earning hedge funds and the numbers are eyepopping. Renaissance Technologies’ Jim Simons topped the list, earning $1.7 billion.

BI PRIME: Bridgewater Associates is sounding the alarm on one crucial market driver it says is drying up, according to a May 9 client note reviewed by Business Insider. The firm's concerns are likely dictating its decision to scale back a popular trade.

BI PRIME: Neel Gupta has left Citadel's burgeoning Fundamental Strategies group.

BI PRIME: Jason Karp's Tourbillon hedge fund has lost about 20% of its assets in one month, documents show.

BI PRIME: D.E. Shaw, the $50 billion hedge fund firm, sent a memo to employees on Monday in the fallout from firing portfolio manager Daniel Michalow.

BI PRIME: D.E. Shaw's Dan Michalow, a high-profile portfolio manager, says he became a scapegoat in the wake of the #MeToo movement. He's also making allegations that the hedge fund giant has serious culture issues that haven't been addressed by senior management.

BI PRIME: Eric Mandelblatt, Soroban's founder, wrote a letter to clients saying the master fund is returning $4.1 billion in capital.

Lauren Bonner, who filed a lawsuit alleging widespread discrimination at Steve Cohen's Point72, told the New Yorker she wanted to take a stand.

BI PRIME: Steve Cohen's Point72 performance is beating the market this year, but not by much.

Young graduates looking to work for hedge funds should think twice about joining the industry, unless they are genuinely "obsessed" with investing, a top Wall Street recruiter told Business Insider.

BI PRIME: Mike Butler, Point72's head of human resources, is leaving the hedge fund where he has worked since 2014.

Employees on one of Goldman Sachs' trading floors showed signs of the disease this week, and the firm told people to get shots or visit the firm's health center if they didn't receive the vaccine during childhood, according to a person with knowledge of the matter.

BI PRIME: Och-Ziff's Jimmy Levin has sold his entire stake in Class A shares. Levin's selling has drawn attention because it's the first time that he has had any disclosed sales since joining Och-Ziff in 2006.

Louis Bacon is backing Greg Coffey's new hedge fund, Kirkoswald Capital Partners, with an undisclosed amount of cash.

BI PRIME: Hedge fund Folger Hill Asset Management is merging with Schonfeld Strategic Advisors.

BI PRIME: David Einhorn's Greenlight Capital is having a rough year so far, and it's puzzled by the way its stock picks performed.

Morgan Stanley kept on a star broker who it knew faced multiple allegations of violence against former wives and girlfriends, The New York Times reported.