SurgoCap Partners, a new hedge fund founded by Maia Gaonkar, started trading on Tuesday with $1.8 billion under management, making it the largest ever debut of a female-led hedge fund, according to a report by Bloomberg.
Elliott Investment Management, the activist hedge fund firm run by Paul Singer, has built a sizeable holding in utility owner PPL Corp and is helping to shape the company’s new business plan, according to a report by Bloomberg.
Investors are set to favour large hedge funds in 2023, with data from Agecroft Partners suggesting that the top 5% of the world’s hedge fund managers will take 80-90% of investor inflows this year, according to a report by Reuters.
Speculation that a slowdown in inflation and economic growth will force the US Federal Reserve to begin easing monetary policy in the second half of the year has prompted hedge funds to build up record long positions in short-term interest-rate
Ken Griffin’s $54.5 billion Citadel hedge fund business and Citadel Securities electronic trading division both recorded record revenues in 2022, according to a report by the Wall Street Journal. Â
Bridgewater Associates has cemented its position as the top foreign hedge fund operating in China after doubling its assets in the country last year to more than 20 billion yuan ($2.93 billion), according to a report by Reuters.
The average confidence of hedge fund managers in the prospects for their businesses over the coming 12 months has hit a new two-year low, according to data released by the Alternative Investment Management Association.
Shares in Superdry have rebounded after the troubled UK-based fashion firm secured a new £80 million funding package backed by US activist hedge fund Elliott Advisors, according to a report by BusinessLive.
Citadel, the hedge fund firm founded by billionaire investor Ken Griffin, is planning to return about $7 billion in profits to investors in the first week of the New Year after generating bumper returns in 2022, according to a report
Hedge fund trader Pierre Andurand believes global oil demand could surge by as much as 4% at some point next year if Covid restrictions around the world are lifted fully, according to a report by Bloomberg. The report cites Twitter
