Angelo Gordon, a $53 billion alternative investment firm focused on credit and real estate investing, has expanded its distressed and corporate special situations platform by raising $1.3 billion the AG CSF2A (Annex) Dislocation Fund. 

The Prime Meridian Special Opportunities Fund, which invests in the insurance, litigation and specialty credit sectors, has been ranked as by BarclayHedge as the No1 performing hedge fund by compounded annualised return, in the Fixed Income - High Yield category for 2022.

Global hedge funds saw a 0.5% decline in February according to the performance of the HFRI Fund Weighted Composite Index, on the back of weak equities performance, ongoing generational inflation, higher interest rates and the possibility of a recession in 2023.

Bainbridge Partners is to acquire three alternatives strategies from GAM Investments – GAM Opportunistic Credit, GAM Diversity and GAM Trading II – with combined assets of 80 million Swiss francs ($87 million), according to a report by Pensions & Investments.

A new fund set to be launched by Todd Barker, the former head of the Surveyor Capital unit at Ken Griffin's Citadel, is expected to raise over $1 billion making it one of the largest launches of the year, according to a report by Bloomberg.

Bridgewater Associates has raised over $800 million for a new hedge fund strategy designed to protect investments during equity bear markets by generating returns negatively correlated to equities, according to a report by Reuters.

Coinbase has acquired One River Digital Asset Management, a digital asset manager and SEC-registered investment adviser, from One River Asset Management, according to a report by the Wall Street Journal.

London-based hedge fund Fasanara Capital has teamed with an investment bank focused on sports-related investments to create a new product that aims to make a profit from the player transfer market, according to a report by Bloomberg.

Cinctive Capital Management, an alternative investment multi-manager platform, has launched a new global long-short quantitative trading strategy which will be overseen by Thong Nguyen, founder and chief investment officer of Olympiad research as part of a multi-year exclusive agreement between the two firms.

Hedge funds got the year started on an upbeat note, with over three quarters of all funds (78.2%) administered by Citco delivering positive returns in January. Overall, funds achieved a weighted average return of 3.6%.