Multi-strategy hedge fund startup Arrowpoint Investment Partners has seen its assets under management (AUM) climb to $1.1bn, fuelled by a 3% return in November, marking its best monthly performance since launching in July, according to a report by Bloomberg.
The report cites unnamed sources familiar with the matter as revealing that the firm, which began operations with $500m in AUM, expects an additional $400m in capital inflows during the first half of 2025. Chief Operating Officer Andrew Freyre-Sanders declined to comment.
Arrowpoint is led by Jonathan Xiong, a former Asia co-CEO at Millennium, one of the industry’s largest hedge funds. The fund is among the most significant hedge fund startups in Asia in recent years and is anchored by high-profile investors, including the Canada Pension Plan Investment Board, Blackstone Inc, and Temasek Holdings Pte.
With 17 investment teams currently operating across Singapore and Hong Kong, Arrowpoint has plans to expand further, with five additional teams set to join soon.
The November gains pushed Arrowpoint to a 1% return since inception. Although the fund generated trading profits in four of its first five months, early fixed costs and gradual client inflows weighed on returns during the third quarter. By October, reaching $1bn in AUM allowed the fund to benefit from economies of scale, boosting profitability.
The November rally coincided with easing political uncertainties around the US elections, prompting investors to refocus on corporate and economic fundamentals. Arrowpoint’s four core strategies — commodities, fixed-income macro, systematic, and equities — all delivered positive returns, the source said.
