TOP STORY: The University of Virginia’s investment portfolio benefited from an early investment in AI-focused hedge fund Situational Awareness, helping the university’s long-term investments deliver a record 27% return in the year to the end of June, according to a
New Mexico’s state pension fund has redeemed an estimated $100m from Two Sigma Investments, despite strong performance from the quantitative hedge fund, amid an ongoing dispute between its billionaire founders, according to a report by Bloomberg
Capula Investment Management is expanding further into systematic trading with the launch of a new commodities strategy, the Capula Alternative Markets Alpha Fund, a quantitative Commodity Trading Advisor (CTA) strategy, according to a report by Bloomberg.
RockawayX, the Prague-based digital-asset investment firm overseeing about $2bn, is targeting $150m for a new liquid strategies hedge fund as it expands beyond venture investing into cryptocurrencies and crypto-related equities, according to a report by Forbes.
Alex Gerko, the billionaire founder of quantitative trading firm XTX Markets, is taking steps to wind up the investment partnership at the centre of a long-running UK tax dispute, according to a report by Bloomberg.
Investors submitted redemption notices equivalent to 1.64% of assets managed by hedge funds on SS&C GlobeOp’s administration platform in August, up from 1.35% in July but still well below the long-term average.
Two Sigma Investments lost a major investor in 2023 amid the long-running dispute between billionaire co-founders John Overdeck and David Siegel, according to a report by Bloomberg citing testimony from Overdeck in his ongoing divorce proceedings.
Standard Chartered is increasing its focus on hedge fund strategies as it encourages wealth management clients to diversify portfolios and reduce their exposure to volatile markets, according to a report by Reuters.
Singapore-based hedge fund manager Dymon Asia Capital has secured a commitment of about $1bn from Abu Dhabi Investment Council (ADIC), providing fresh capital for an expansion that spans commodities, London and several Asian markets, according to a report by Bloomberg.
Hedge funds suffered their first monthly loss since the start of the second quarter in July, with weakness in equity and fixed-income arbitrage strategies dragging the industry’s weighted average return down 0.8%, according to Citco’s latest monthly hedge fund update.
