Uncertainty over how a recession might hit European corporate debt has prompted Arini, a $2.3 billion hedge fund run by a former Credit Suisse banker, to unveil plans to launch two new credit funds this year, according to a report by Reuters.

Haidar Capital's Jupiter Fund, which follows a high conviction, highly leveraged, macro strategy, has slumped around 13% so far this year following a record gain of 193% in 2023, according to a report by Bloomberg.

Citadel, the hedge fund firm founded by Ken Griffin, has extended its 2022 winning streak, which saw it chalk up a record $16 billion annual gain, into January, with the firm's flagship Wellington fund posted a 2.08% increase during the month, according to a report by Reuters

BNP Paribas has launched a revamped version of the THEAM Quant - Europe Target Premium fund for continental European investors across the UK, Switzerland, Germany, Italy, France, Spain, and Benelux.

Union Bancaire Privée has partnered with Brigade Capital Management, to launch a new credit alternative fund on its alternative UCITS platform, U ACCESS (Ireland) UCITS,  the U Access (IRL) Brigade Credit Long Short UCITS which employs a credit long/short strategy. 

With multi-strategy hedge funds proving a big draw for investors, exchange-traded fund provider and asset manager First Trust Advisors is looking to get in on the act with the launch of a new actively managed ETF, the First Trust Multi-Strategy Alternative ETF. 

More than 70% of the hedge funds administered by Citco generated positive returns during the fourth quarter of 2022, according to a report by Forbes, with funds of all sizes recording gains.

BNP Paribas’ THEAM Quant – Cross Asset High Focus fund, which seeks to achieve diversified absolute returns across market cycles using a liquid UCITS vehicle, has reached €600 million in assets under management after launching in November 2021. 

Atalaya Capital Management, an investment management firm focused on asset-based private debt and special opportunities, has closed its oversubscribed eighth Special Opportunities Fund with $1.8 billion of commitments from both new and existing partnerships with investors. 

ICBERG Capital, a company based in Abu Dhabi Global Market (ADGM) and regulated by the emirate's Financial Services Regulatory Authority, has launched the ICEBERG Alpha Strategies Fund, a US long-short equities hedge fund with a target size of AED200 million (£44 million).