Flows
Fixed income arbitrage and global macro strategies were May’s top performers with weighted average returns of 2.7% and 2.6% respectively, according to the latest monthly report on hedge funds from Citco, the $1.8tn global alternative investment asset servicer.Â
Crypto hedge funds have dramatically reduced their bitcoin exposure to levels not seen since October 2020, according to a report by The Block citing recent data from ETC Group.Â
Hedge fund managers focusing on mergers and acquisitions have outperformed those using other strategies, achieving a 7.7% return in the first five months of 2024, according to a report by Reuters citing a Goldman Sachs client note.Â
Dmitry Balyasny’s hedge fund, Balyasny Asset Management, has reduced its headcount by nearly 18% to 219 employees by the end of 2023, down from 266 in the previous year, according to a report by Financial News citing the firm’s latest financial reports.Â
Digital asset investment products saw inflows totalling $2bn last week, bringing the current five-week run of inflows to $4.3bn, according to the latest digital assets fund flows weekly report from CoinShares.
Digital asset investment products saw inflows for the fourth consecutive week last week totalling $185m, taking Toal inflow for the month of May to $2bn inflows and pushing year-to-date inflows past the $15bn mark, according to the latest digital assets fund flows weekly report from CoinShares.
Wellington, the flagship fund at Ken Griffin’s multi-strategy hedge fund firm Citadel, has surpassed $14.5bn in assets, having more than doubled in size over the past five years, according to a report by the South Florida Business Journal.
Digital asset investment products saw inflows of $1.05bn last week, the third consecutive positive week, taking cumulative YTD flows to a record $14.9bn, according to the latest Digital Assets Fund Flows Weekly Report from CoinShares.
Global hedge funds have increased their holdings of Chinese equities for the fourth consecutive week, joining the growing number of investors anticipating a market rebound, according to a report by Reuters citing a note from Goldman Sachs’ prime brokerage team.Â
Digital asset investment products saw inflows totalling $932m last week, the second week of positive flows, according to the latest digital assets fund flows weekly report from CoinShares.
