The allocator playbook underwent a subtle but significant recalibration in 2025. Whilst headlines fixate on the inexorable rise of multi-strategy behemoths and their gravitational pull on institutional capital, a more nuanced story emerges from Hedgeweek’s comprehensive surveys of global allocators.
The University of North Carolina Investment Fund, which manages the $12.2bn endowment for UNC Chapel Hill and affiliated campuses, posted a 11.6% return for the fiscal year ended 30 June, driven in part by strong performances from its hedge fund
Calamos and Aksia have expanded their AC Private Markets partnership with the launch of the Calamos Aksia Hedged Strategies Fund providing providing with access to a diversified portfolio of hedge fund managers in a single actively managed vehicle.
Digital asset investment products saw $812m in outflows last week, though YTD inflows remain robust at $39.6bn, close to last year’s record, according to the lates Digital Assets Fund Flows Weekly Report from CoinShares.
Wealthy investors in the US and Asia are redirecting hedge fund allocations away from the US and toward Europe and the Middle East, according to a report by Reuters citing the findings of a Bank of America survey of 263
Hedge fund redemptions remained relatively stable in September, according to SS&C Technologies’ latest GlobeOp Forward Redemption Indicator, rising slightly to 2.21%, from from 2.03% in August, but still below the 2.72% reported for the same period last year.
Boston-based hedge fund Verdad Advisers is preparing to launch a new Japan-focused equity fund targeting small-cap companies, continuing its strategy of exploiting capital inefficiencies in less-followed stocks, according to a report by Bloomberg.
Soren Gandrud, a former healthcare Portfolio Manager at Millennium and Citadel, is launching his own hedge fund, Jones Hill Capital, with backing from $12bn multi-strategy firm Walleye Capital, according to a report by Business Insider.
Fasanara Capital has now raised $100m in its hybrid One Fasanara (F-ONE) offering, which combines tactical private credit and crypto strategies since its launch in January 2025. The strategy gained 7.9% in the first-half of 2025, according to sources.
Former BlackRock Asia-Pacific credit chief Neeraj Seth is seeking to raise up to $700m for a new credit-focused hedge fund through his recently launched firm, 3R Investment Management, according to a report by Bloomberg.
