Family offices are ramping up their investments in hedge funds, with allocations significantly increasing during the second quarter of 2024, according to a report by AlternativesWatch citing new analysis by Citi Private Bank.
Australia’s second-highest performing hedge fund, Tribeca Alpha Plus Fund, has capitalised on the increased volatility during earnings seasons, claiming that inadequate investment bank research has struggled to keep pace with rapidly changing industries, according to a report by Bloomberg.
Hedge fund performance improved in July to an average weighted return of 0.6%, up from 0.4% in the previous month, with over two-thirds of strategies ending the month in positive territory, according to the latest Monthly Hedge Fund Update from
US public pension plans with long-standing allocations to hedge fund strategies, including the Virginia Retirement System and the Texas County and District Retirement System, have reported strong gains as of June amid renewed interest in the asset class from institutional
Hong Kong-based hedge fund Strategic Vision Investment has wound down its primary Value Multiplier Fund, a long-short investment vehicle which focused on Chinese equities, according to a report by Reuters.
Mega-cap tech stocks remain the cornerstone of hedge funds’ top 20 equity positions, according to a report by MarketWatch citing recent analysis of 332 money managers with in excess of $1bn in AUM.
David Goel, a former protégé of Tiger Management founder Julian Robertson, has decided to close his $11bn hedge fund firm Matrix Capital Management and return client cash, due to personal health issues, according to a report by Bloomberg.
Dubai-based Magellan Capital Holdings Ltd is set to launch a $700m multi-strategy hedge fund next month, in what will be one off the largest ever fund debuts in the United Arab Emirates, according to a report by Bloomberg.
Data from research firm PivotalPath has highlighted that hedge funds outpaced the S&P500 in July, with strong returns driven by financial sector exposure as funds sought to diversify away from megacap technology stocks, according to a report by XM.
Hong Kong’s Securities and Futures Commission has granted a new license to Pamalican Asset Management, a new hedge fund that will specialise in equity capital markets, amidst heightened scrutiny of block trades, according to a report by Bloomberg.
