Light Street Capital Management has generated double-digit gains in the first quarter of 2023, having earlier suffered a 54% annual loss in 2022, according to a report by Bloomberg.
Hedge funds returned to positive territory in March, advancing 0.34% for the month, but the industry is lagging the broader stock market, which gained 3.67%, according to data published by Backstop BarclayHedge.
CTAs and trend-following funds tanked following March’s upheaval in financial stocks, while other hedge fund strategies such as equity long/short, macro and event driven struggled to generate meaningful returns, according to Bloomberg data.
Hedge funds’ performances in March were mixed as bank risk soared amidst instability and dislocations resulting from several bank failures and the acquisition of Credit Suisse by UBS, according to data released by HFRI.
London-based hedge fund firm Lodbrok Capital's European Credit Opportunities Fund was up 32 per cent last year, according to a report by Bloomberg.
LoCorr Funds, a provider of low-correlating investment solutions, has marked the 10-year anniversary milestone of its Long/Short Commodities Strategy Fund (LCSAX, LCSCX, LCSIX).
Investors pulled USD19.96 billion from the global hedge fund business in December, bringing full-year 2021 hedge fund AUM growth to +USD15.90 billion, according to eVestment's December and Full Year 2021 Hedge Fund Asset Flows report.
Quant-focused Renaissance Technologies has seen almost USD15 billion in outflows over the past 14 months, according to a Bloomberg report, despite the firm's three publically-available hedge funds having delivered double-digit returns for investors in 2021.
EEX Group continued to expand its position in the global commodity exchange space , across all time zones, Europe, Asia and North America, in 2021 reporting significant increases in its power, natural gas, environmentals and dry freight markets.
Ironshield Capital Management (Ironshield), a European event-driven corporate credit specialist, delivered positive performance of 30 per cent in 2021.