Multi-strategy major Millennium Management has allocated hundreds of millions of dollars to Hong Kong-based Centerline Investment Management in a strategic partnership aimed at bolstering returns, according to a report by Bloomberg.
Andreas Steno Larsen, a former Nordea strategist and founder of the macro research firm Steno Research, is launching a new hedge fund – Asgard-Steno Global Macro Fund – in partnership with Danish hedge fund manager Asgard Asset Management.
Digital asset investment products saw inflows of $407m last week, as investor decisions were seemingly influenced more by the upcoming US elections than by monetary policy outlooks, according to the latest Digital Assets Fund Flows Weekly Report from CoinShares.
Hedge fund allocators are increasingly worried about the risks of crowding, according to a new Bank of America survey, however, these same investors are consolidating their portfolios into a few large multi-manager firms, exacerbating the potential problem.
Hedge funds gained 1.22% in September according to the gross return of the SS&C Technologies Holdings’ SS&C GlobeOp Hedge Fund Performance Index, while hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index declined 0.44% in October.
North American hedge fund assets under management (AUM) reached $3.66tn by the end of 2023, an 8.3% increase from the $3.37tn seen in 2022, according to a report by Pensions & Investments online citing new data from alternative investments data
The Boston Retirement System is looking for hedge fund-of-funds managers to oversee a combined mandate of approximately $350m, according to a report by Pensions & Investments citing a recent request for proposal (RFP).
Pension funds are poised to significantly increase their hedge fund investments as they anticipate strong growth and attractive risk-adjusted returns, although, concerns over transparency could lead some to shy away from certain strategies, according to a report by Funds Europe.
Australia’s sovereign wealth fund the Future Fund’s allocation with Man Group Plc – the world’s largest listed hedge fund – shrink by approximately AUD1.5bn ($1bn) in the first half of 2024, according to a report by Bloomberg.
Wildcat Capital Management, originally established as the family office of billionaire David Bonderman, has invested over $200m in a new hedge fund, Whitebark Investors, which has been spun out of the firm under the leadership of Thomas McConnon.
