Private equity’s challenges in returning capital to clients are increasingly affecting hedge funds, which depend on the same pool of institutional investors including pension plans, foundations and endowments, for their fundraising efforts, according to a report by the Financial Times.
Among alternative investments, hedge funds are used by a third (33%) of family offices globally for diversification purposes, according to the UBS Global Family Office Report 2024.
Dispersion, a strategy that has traditionally been the domain of bank trading desks and fast-money players like Capstone Investment Advisors and One River Asset Management, has attracted significant new investment in the post-pandemic era, according to a report by Bloomberg.
Japanese stocks were the highlight at the annual Sohn Hong Kong Investment Leaders Conference, as well as those from South Korea and Rio Tinto Group, the world’s second largest metals and mining company.
Sydney-based Caledonia, one of Australia’s largest and most secretive hedge funds, is maintaining a highly concentrated bet in Zillow Group, forecasting a rebound after the US real estate listing company’s shares plummeted over 26% this year, according to a report
Cliff Asness, co-founder of quant hedge fund firm AQR Capital Management, considers the rise of generative AI to be “evolutionary, not revolutionary”, emphasising that despite the hype, AI is “still just statistics”, according to a report by Pensions & Investments.
Simon Sadler’s $4.8bn Asian hedge fund Segantii Capital Management has said it will wind down and return capital to its investors “in an orderly manner”, with about 140 employees across Hong Kong, New York and London affected by the decision.
Ray Dalio-founded hedge fund firm Bridgewater Associates has promoted Joanna Alpert, general manager for China, to lead its new Total Portfolio Strategies unit, which will develop and manage new investment products, according to a report by Reuters.
New York-based hedge fund firm Two Sigma Investments has appointed Ali-Milan Nekmouche to lead its new AI and machine learning team, according to a report by Bloomberg.
Hedge fund Solo Capital’s founder Sanjay Shah, who has been accused of masterminding a £1.44bn ($1.83bn) dividend tax fraud against Denmark, said that he had depended on others for tax and legal advice in a London court on Tuesday, according
