TOP STORY: Perbak Capital Partners, a London-based hedge fund backed by Schonfeld Strategic Advisors, is winding down operations after concluding that its asset base had not grown sufficiently to support the long-term resilience of the business, according to a report by Bloomberg.
Hedge funds heavily exposed to AI hardware stocks, including Point72, Whale Rock Capital Management and Seligman Investments, posted some of their strongest returns in decades during April, according to a report by the Wall Street Journal citing data from PivotalPath.
Quantitative hedge fund Capital Fund Management has opened a new office in Shanghai, marking a further step in the firm’s expansion into China as its assets under management rise above $27bn, according to a report by Bloomberg.
Hedge funds have moved back to a net long position on US equities for the first time since the Iran ceasefire, signalling renewed confidence in risk assets amid a broader global market rally, according to a report by Reuters citing notes from Goldman Sachs.
In Alternative Views Hedgeweek®, goes behind closed doors with those in the know to get the latest on hedge funds. Today we speak to Theron de Ris, director of multi-emerging manager platform Zenith Alpha Management.Â
Sir Christopher Hohn’s TCI Fund Management has sharply reduced its long-standing investment in Microsoft, citing concerns that rapid advances in artificial intelligence could disrupt the software giant’s core businesses, according to a report by the Financial Times.
In Alternative Views Hedgeweek®, goes behind closed doors with those in the know to get the latest on hedge funds. Today, we speak to Francesco Filia, CEO of Fasanara Capital, a global asset manager and technology driven-investment platform.
Hedge fund returns showed a marked divergence in April, with performance differences between top and bottom managers widening again as market conditions continued to favour skilled stock selection and active positioning, according to a data from HFR.
At a time when many hedge funds have struggled to navigate volatile markets, Roy Niederhoffer and R.G. Niederhoffer Capital Management posted a 27.4% gain in the first quarter alone. Â
As central banks hold rates steady despite surging inflation, the CEO of the $6 billion hedge fund argues that a severe economic shock could force policymakers back below zero – and that hedge funds should be preparing now.