Viridian Asset Management, the Hong Kong hedge fund firm founded by former Segantii Capital Management portfolio manager Pascal Guttieres, grew assets to $680m after attracting a new investor and generating strong returns during July’s market turmoil, according to a report
Blue Pool Capital, the investment firm backed by Alibaba chairman Joe Tsai, has raised $300m in the first close of a new vehicle targeting hedge fund strategies, as demand for alternative investments continues to attract wealthy investors and institutions.
Silicon Valley investors appear undeterred by the recent turmoil at Situational Awareness, with some seeking to put money into the hedge fund run by AI investor Leopold Aschenbrenner just days after the firm was forced to unwind heavily leveraged positions,
Man Group’s chief financial officer Antoine Forterre has sold about £1.5m of shares in the London-listed investment manager, shortly after the firm reported record assets under management and strong first-half results, according to a report by the Financial Times.
Chinese quantitative hedge fund managers are increasing investments in their own products, with 25 private fund firms committing more than RMB1.4bn ($195m) since the beginning of July, as managers seek to demonstrate confidence in their strategies and reassure investors during
Albar Capital Partners is to return external cash to investors and continue running its London-based market-neutral equities strategy exclusively for founder Javier Velazquez’s former employer Millennium, according to a report buy Bloomberg.
Global hedge funds surrendered almost three percentage points of performance in July as a sharp reversal in technology stocks triggered losses across multiple strategies, although the industry remains up around 8% for the year, according to a report by users
Hedge fund giant DE Shaw is expanding its private markets platform with the launch of a second dedicated venture and growth equity vehicle, underscoring the firm’s continued push beyond traditional hedge fund investing, according to a report by Institutional Investor.
Indonesia’s sovereign wealth fund Danantara is preparing to make its first allocations to hedge funds later this year, with plans to appoint a small group of managers to oversee separately managed accounts as it broadens its exposure to alternative investments,
Asia-focused hedge funds suffered widespread losses in July as a sharp reversal in AI-related stocks triggered what Goldman Sachs’ prime brokerage business described as the worst month on record for regional equity long-short managers, according to a report by Bloomberg.
