Hedge funds extended their Q1 performance surge through March, led by macro strategies, which posted their best month since March 2022 and their strongest quarter in over 20 years, according to the latest data from HFR.
Stock-picking hedge funds are finding favour with investors again for the first time in two years with equity long-short hedge funds, seeing $1.5bn in net inflows in February — the first positive inflows in 24 months — according to a
A rally in stocks, some commodities and the US dollar helped hedge funds ride out a bumpy period for bonds, with gains seen across different strategies in the first three months of the year, according to a report by Reuters.
Schonfeld Strategic Advisors, the $10bn New York-based hedge fund firm founded by Steven Schonfeld, ended the first quarter with a 6.2% gain for its flagship Strategic Partners fund, according to a report by Reuters.
Multi-strategy major Citadel saw positive performance across all of its investment strategies in the first quarter of the year, with the firm’s flagship investment vehicle, the Wellington fund, posting a 5.75% gain, according to a report by Reuters.
Disney’s board has secured the backing of T Rowe Price – and the votes attached to the mutual fund’s firm’s 11.7m shareholding in the entertainment giant – in its battle with Nelson Peltz’s activist hedge fund firm Trian Fund Management,
Successful activist bets have helped Third Point, the New York-based hedge fund firm founded by Daniel Loeb, to record an 8% return for its main offshore fund and a 8.7% gain for its Ultra strategy so far this year, according
GoldenTree Asset Management, the $54bn global credit hedge fund firm founded by Steve Tananbaum, has closed its third CLO strategy, GoldenTree Loan Management (GLM) III with commitments of $1.3bn, ahead of its $1bn target.
New hedge fund launches fell while liquidations were steady in Q4 to conclude 2023 as managers positioned for falling inflation and an improving economic outlook, albeit with geopolitical risk rising to historic levels, according to the latest HFR Market Microstructure
Axiom Alternative Investments, an independent asset manager specialising in European financial stocks has expanded its fund offering with the launch of a new long-short equity strategy – Axiom Long Short Equity – which will be managed by Antonio Roman.
