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April 2024 | This data-led report provides an update on the rebounding hedge fund launch market. With 2024 set to be a historic year for new hedge fund launches, as an unprecedented number of well-pedigreed managers starting up, Hedgeweek selects the Top 20 prospects and analyses the wider environment facing new hedge funds – from ops to fundraising, strategy considerations to performance. Get all the intel, plus insights from the sector’s leading firms, in this exclusive Hedgeweek special report, sponsored by Marex.

Intel

TOP STORY: Global hedge fund industry assets increased for the sixth successive quarter in Q1 2024, hitting a record $4.3tn on the back of strong performance and investor inflows, according to the latest figures from industry data provider HFR.

Intel

Man Group, the world’s largest listed hedge fund firm, saw investors pull more than $1.6bn (£1.29bn) from its funds during the first three months of 2024, its second straight quarter of redemptions following outflows of $300m in Q4 2023, according to the group’s Q1 results.

Intel

A period of poor performance has prompted macro hedge fund major Brevan Howard to embark on a strategic cost cutting exercise which will see the Jersey-headquartered firm axe around 100 traders and middle and back-office staff, according to a report by Bloomberg.

Intel

Multi-strategy major Millennium Management and Boston-based systematic global equity manager Arrowstreet Capital are among a number of hedge funds shorting the assets of UK water companies, after a crisis at Thames Water highlighted high debt levels across the industry, according to a report by Bloomberg.

Intel

Schonfeld Strategic Advisors, the multi-strategy hedge fund firm born in 2015 out of Steven Schonfeld’s proprietary trading-firm-turned family office, has still not raised the $3bn it has been looking to raise since late last year, according to a report by Bloomberg.

Intel

Element Capital Management, the global macro hedge fund firm founded by Jeff Talpins, is planning to return around $4bn in external capital to clients as it looks to improve performance and focus on managing its own funds, according to a report by Reuters.

Intel

Global proprietary trading firm Jane Street Capital has taken legal action against multi-strategy hedge fund major Millennium Management and two former employees over the alleged theft of trader secrets, according to a report by the Financial Times.

Intel

A Dutch arbitration court has ordered South Korea to pay New York hedge fund Mason Capital Management more than $32m in a dispute over the merger of two Samsung affiliates back in 2015, according to a report by Reuters.

Intel

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.

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16 May, 2024 – 8:30 am

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