Former Liontrust Tortoise fund managers Matthew Smith and Tom Morris have launched their new hedge fund, QSM Capital, which aims to differentiate itself by offering a blend of traditional and alternative investment strategies.

Case Hedgefond, a multi-strategy Swedish hedge fund that once managed more than SEK15bn (€1.29bn), is set to merge into Case Fonder’s credit hedge fund, Case Credit Opportunity, after assets dwindled to just €100m.

Illinois-based hedge fund Magnetar Capital’s Structured Credit Fund was a standout performer in H2 with a 22% gain as credit-focused hedge funds saw mainly modest gains, according to the Gapstow Alternative Credit Hedge Fund Composite Index which is up 4.6%

Pershing Square, the hedge fund firm led by billionaire Bill Ackman, is moving forward with the initial public offering of its Pershing Square USA closed-end fund, although the pricing date has yet to be announced, according to a report by

Mulvaney Capital’s systematic long-term trend-following programme has outperformed so far in 2024, with the strategy recording a huge 134.22% gain despite a decline last month, according to a report by Institutional Investor.

Hermes Li’s Aspex Management, one of the largest hedge funds in Asia, has reported a strong performance in the first half of 2024, with a 21% return, significantly boosting its AUM to over $9bn, according to a report by Bloomberg.