Brevan Howard, one of the world’s largest hedge funds, has made a $200m allocation to Catalio Capital Management’s Public Equities Fund, a healthcare-focused strategy, according to a report by Reuters, citing people familiar with the matter.
Point72 Asset Management, the $41.5bn hedge fund led by billionaire Steve Cohen, is planning to expand into private credit, joining a growing number of hedge funds targeting longer-term, less liquid markets, according to a report by Bloomberg.
Bobby Jain is expanding his Jain Global multi-strategy platform with a new $600m fund targeting bank capital relief trades, led by former DE Shaw portfolio manager Syril Pathmanathan, according to a report by Bloomberg.
Bain Capital has agreed to acquire a minority stake in Innocap Investment Management, the Montreal-based managed account platform provider, amid growing institutional demand for separately managed accounts (SMAs) in hedge fund investing, according to a report by Bloomberg.
Multi-strategy hedge fund major Millennium Management is raising $5bn for a new vehicle focused on private-market opportunities, marking a significant expansion beyond its traditional focus on liquid assets, according to a report by Bloomberg.
Hedge funds posted a 5.2% return in Q3, led by global macro strategies, as all major strategy types finished the quarter in positive territory, putting the industry on course for its strongest calendar year since 2020, according to Citco.
Digital asset investment products saw inflows of $921m last week, supported by improving investor confidence after lower-than-expected US CPI data, according to the latests Digital Assets Fund Flows Weekly Report from CoinShares.
The Teachers’ Retirement System of the State of Illinois (TRS) has made a $250m commitment to Capstone Drummer Fund, LP, marking its only active allocation to the hedge fund manager within TRS’s $4.1bn Diversifying Strategies Portfolio.
Ace Digital AS is to launch a NOK5m Bitcoin Treasury Company Fund targeting professional investors by the end of 2025 having acquired 100% of Ace Funds AS, a dormant but fully compliant alternative investment fund (AIF) and fund manager (AIFM).
Hedge fund investors pulled back slightly on planned withdrawals in October, according to the latest SS&C GlobeOp Forward Redemption Indicator, which fell to 1.86% for the month, down from 2.21% in September.
