Stock-picking hedge funds were the best performing hedge fund strategy in Q1 2024 with an average 7.9% gain, but they still trailed the S&P 500 and Nasdaq Composite Index, which put on 10.6% and 9.3% respectively, according to a report
Chevron and Tesla topped the Americas large-cap list for most shorted stocks in March, according to the latest Shortside Crowdedness Report from active treasury and intelligent operations technology specialist Hazeltree.
Millennium Management, the multi-strategy hedge fund major founded by Izzy Englander, has tapped another Goldman Sachs executive – the bank’s Global Treasurer, Philip Berlinski – for a senior management role at the New York-based firm.
Brevan Howard Asset Management’s cryptocurrency fund, BH Digital, which manages around $1.7bn in assets, returned 34.5% in the first three months of the year, bringing total gains since it debuted in March 2022 to nearly 51%, according to a report
Cassini, a provider of front-to-back margin and collateral analytics and optimisation tools for derivatives and prime brokerage clients, has added to its platform’s capability to replicate PB margin across various policy types, as well as introducing a stress testing feature
Global hedge funds sold off US stocks at a faster pace than they bought for the fifth week in a row last week, with much of the sell-off coming in communication services stocks and exchange-traded funds, according to a report
McKay Brothers International has launched the lowest latency private bandwidth between London and Stockholm, connecting London’s LD4 data centre, home of Cboe Europe and Stockholm’s Stack STO01 data centre, which houses Nasdaq-OMX’s markets.
Ultimus LeverPoint Private Fund Solutions, an independent provider of fund administration, accounting, and investor solutions, has partnered with $90bn independent asset management firm WCM Investment Management.
London-based emerging markets-focused macro hedge fund Broad Reach Investment Management is putting the entirety of its cash allocation for frontier markets into recovery stories in Egypt, Nigeria and Pakistan, according to a report by Bloomberg.
Alternative fund managers, including hedge fund managers, are losing investment mandates or clients because of compliance issues, according to research from Ocorian and Newgate Compliance, both providers of regulation and compliance services for funds, corporates, capital markets and private clients.
