EDL Capital, the London-based global macro hedge fund led by Edouard de Langlade, has posted a 29.9% return year-to-date through September, putting it on track for its strongest annual result to date, according to a report by Reuters.
George Klavdianos, a senior credit portfolio manager at multi-strategy major Millennium Management, has exited the firm to pursue plans for his own hedge fund, according to a report by Bloomberg citing unnamed sources familiar with the matter.
Systematic hedge funds have endured one of their toughest starts to a month in nearly two years, with daily losses recorded across the first week of October, according to a report by Reuters citing a client note from Goldman Sachs.
Hedge funds posted average returns of 1.3% in September, with managers in Europe, Asia and the Middle East generally outperforming their North American peers, according to a report by Reuters citing a JPMorgan client note.
Bridgewater Associates’ flagship macro fund Pure Alpha delivered an 8.1% gain in the third quarter, outperforming the S&P 500 and other major US indexes, according to a report by Reuters citing an unnamed person familiar with the matter.
AQR Capital Management, the $165bn hedge fund led by Cliff Asness, reported strong gains across several of its strategies in Q3, including its flagship Apex Strategy which is now up 15.6% YTD, according to a report by Reuters citing an
Hedge fund majors Citadel, Balyasny Asset Management, and ExodusPoint all continuing their positive year-to-date performance in September, but trailed broader US equity markets, according to a report by Businesse Insider citing unnamed sources familiar with the managers.
Emerging markets hedge funds posted strong gains in Q3, driven by falling interest rate expectations, progress on trade negotiations, and optimism over near-term resolution of ongoing geopolitical conflicts, according to the latest data from HFR.
Hedge fund Discovery Capital Management, led by Rob Citrone, has advanced more than 20% so far this year, driven in part by strategic positions in Argentine assets, according to a report by Bloomberg citing unnamed sources familiar with the fund.
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.
