Macro hedge funds posted uncorrelated gains and strong outperformance as volatility accelerated through September, with equities and bonds posting steep, correlated declines, according to the latest data from HFR.
Global hedge funds upped their bullish positions in banks, insurance companies, and other capital markets stocks towards the end of September as they looked to cash in on gains driven by the prospect of prolonged higher interest rates, according to
Poor performance and investor withdrawals have seen assets at Pelham Capital, one of London’s major equity hedge fund sector players, plummet by more than three-quarters over the past three years, according to a report by The Financial Times.
Odey Asset Management’s flagship European Inc hedge fund is to be relaunched at Bainbridge Partners with manager Freddie Neave joining the firm too, after talks over a transfer to Landseer Asset Management collapsed, according to a report by Bloomberg.
Joeri Jacobs is leading a group of Moore Capital traders who are spinning out from Louis Bacon’s global macro hedge fund firm to launch their own fund, JJJ Capital, with the backing of their former employer, according to a report
Citadel’s multi-strategy flagship Wellington fund scored a 1.7% gain in September as tight monetary policy and rising fears of a US recession rattled the broader market, taking YTD returns to 12.6%, according to a report by CNBC.
New hedge fund launches surged through mid-2023 as managers shifted the strategic growth focus to aggressive expansion of inflation trading teams in multi-strategy funds designed for and positioned to trade volatility driven by rising rates and generational inflation.
Digital asset investment products saw positive flows last week for the first time in six weeks, pulling in a combined $21m, according to the latest Digital Assets Fund Flows Weekly report from CoinShares.
Link Fund Solutions has completed the rebranding of three Odey AM and Brook AM funds with LF Odey Opus becoming LF Lancaster Global Equity, LF Brook Continental European renamed as LF Ardtur Continental European, and LF Brook Absolute Return as
Funds of hedge funds had a positive first half of the year, with the average fund returning 2.87% to the end of June, amid a broad resurgence for the asset class, according to the latest Fund of Hedge Fund Update
