Steve Cohen’s Point72 Asset Management is planning to raise approximately $1bn for a new hedge fund focusing on AI, marking the firm’s first new hedge fund in decades, according to a report by Bloomberg.
Digital asset investment products saw inflows totalling $2bn last week, bringing the current five-week run of inflows to $4.3bn, according to the latest digital assets fund flows weekly report from CoinShares.
Led by directional equity hedge and event-driven strategies, the HFRI Fund Weighted Composite Index advanced 1.3% in May, with additional positive contributions from relative value arbitrage strategies offsetting a decline in macro strategies.
Allison DiClemente has been appointed Director, Capital Introduction at Marex, a provider of liquidity, market access and infrastructure services to hedge funds and other clients in the energy, commodities and financial markets.
A group of institutional investors, led by the Teacher Retirement System of Texas, has written an open letter to the hedge funds industry, calling for managers to adopt “cash hurdles”, which must be reached before management fees are charged.
Private equity’s challenges in returning capital to clients are increasingly affecting hedge funds, which depend on the same pool of institutional investors including pension plans, foundations and endowments, for their fundraising efforts, according to a report by the Financial Times.
Among alternative investments, hedge funds are used by a third (33%) of family offices globally for diversification purposes, according to the UBS Global Family Office Report 2024.
Global financial services platform Marex has added Mark Ralph to its prime sales team based in London. In his new role, Ralph will serve hedge funds, family offices and private banks.
Registered investment advisers (RIAs) who run private funds for clients have upped their allocations to private equity investments while cutting their exposure to hedge funds over the last nine years, according to a report by Citywire.
Global allocators upped their alternative asset allocations – private equity, credit, real estate, real assets, infrastructure and hedge funds – to $172bn in 2023 a 19% increase from the $144bn seen in the previous year, according to a research commissioned
