Emerging Markets hedge funds extended gains through mid-2023 with India and Latin America funds leading the way against a backdrop of persistently high inflation and the possibility of a US recession, according to the latest performance data from HFR.
Former Morgan Stanley currency trader Thiago Melzer, is set to close his Brazilian hedge fund, Upon Global Capital, having been hit by a double whammy of wrong-way wagers and rising double-digit interest rates in Brazil, according to a report by
Former Deutsche Bank colleagues Michael Sutton and Alex Mahler are teaming up again at Mahler’s Alinor Capital Management to launch a new distressed debt hedge fund, which is expected to be one of the largest European hedge fund launches of
Former Goldman Sachs co-chairman, ex-US senator, and governor of New Jersey, Jon Corzine, is to shutter the hedge fund he started after the collapse of MF Global Holdings, and return cash to investors, according to a report by Bloomberg.
Hedge funds saw a small decline in performance in August, with an overall weighted average return of -0.8%, marking the first negative month of 2023, according to new data from Citco, although almost half of funds (49.7%) administered by the
European asset management major Amundi, has partnered with $1.5bn special situations hedge find firm, Sand Grove Capital Management to launch a new event-driven UCITS fund, the Amundi Sand Grove Event Driven Fund.
Crypto hedge fund Grayscale is looking to launch a new exchange-traded fund tracking ether futures, according to a report by Finance Feeds citing a US Securities and Exchange Commission (SEC) filing made on 19 September.
Digital asset investment products saw outflows totalling $54m last week, and have now seen outflows in eight of the last nine weeks totalling $455m, according to the latest Digital Asset Fund Flows Weekly report from CoinShares.
Bridgewater Associates has seen a surge in assets from wealthy Chinese investors on the back of strong performance by its flagship China fund, which has gained 11% this year as of August, according to a report by Bloomberg.
Alma Capital has partnered with Hong Kong-based hedge fund firm Prudence Asset Management to launch a liquid, UCITS-compliant version of the firm’s flagship long-short Asia credit strategy on its Luxembourg platform.
