Digital Assets Report

Funds

Headstart Fund of Funds posted its fourth consecutive double-digit positive annual return in 2023, with back-to-back returns in excess of 20% in both 2022 and 2023 seeing it outperform global equity and bond markets and every hedge fund index on both a one- and two-year basis.
L1 Capital, a prominent Australian activist hedge fund firm launched by former Macquarie investment banker James Hawkins, has recorded a gain more than 42% with its Catalyst Fund since the strategy launched in 2021, according to a report by Bloomberg.
Stock-picking hedge funds were the best performing hedge fund strategy in Q1 2024 with an average 7.9% gain, but they still trailed the S&P 500 and Nasdaq Composite Index, which put on 10.6% and 9.3% respectively, according to a report by Bloomberg.
Brevan Howard Asset Management’s cryptocurrency fund, BH Digital, which manages around $1.7bn in assets, returned 34.5% in the first three months of the year, bringing total gains since it debuted in March 2022 to nearly 51%, according to a report by Bloomberg.
Quant hedge fund firm DE Shaw’s statistical arbitrage Valence fund has started the year strongly with a 9% Q1 gain, beating the average 5% hedge fund gain for the first three months of the year, but falling shy of the S&P 500’s 10% increase, according to a report by Business Insider.
Global hedge funds sold off US stocks at a faster pace than they bought for the fifth week in a row last week, with much of the sell-off coming in communication services stocks and exchange-traded funds, according to a report by Reuters citing Bank of America data.
Digital asset investment products continued to benefit from positive investor sentiment last week with inflows totalling $646m, according to the latest Digital Assets Fund Flows Weekly report from CoinShares.
London-based macro hedge fund Rokos Capital Management saw a 12.5% gain in Q1 2024, with a 3.8% gain in March alone, benefiting from other macro traders’ wrong-way bets on the US Federal Reserve potentially lowering interest rates, according to a report by Bloomberg. 
A second straight year of losses has prompted Antara Capital, a $1.3bn hedge fund backed by Blackstone, to block redemptions from its illiquid assets by placing them in a so-called side-pocket, according to a report by Bloomberg.
Switching holdings from bitcoin and ether to solana and other ‘minor’ cryptocurrencies helped digital assets hedge fund firm Pantera Capital’s roughly $300m Liquid Token Fund record a 66% Q1 return, according to a report by Bloomberg.

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16 May, 2024 – 8:30 am

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