Funds
Spain’s Bankinter Investment has launched a new hedge fund-style vehicle aimed at widening access to alternative investments, as the Madrid-based firm continues to expand its presence in real-asset and private market strategies.
Macro hedge funds operating in China, including Bridgewater Associates, posted significant losses in March as heightened geopolitical tensions and sharp swings across asset classes undermined performance, with some of the country’s most prominent strategies experiencing double-digit drawdowns, according to a report by Bloomberg.
Hedge fund performance declined in March, according to SS&C Technologies, with the SS&C GlobeOp Hedge Fund Performance Index recording a 1.79% fall for the month, while the firm’s Capital Movement Index showed a modest 0.26% increase in hedge fund flows in April.
Dan Sundheim’s D1 Capital Partners reported a difficult March, with its equities portfolio declining approximately 6%, placing the firm among the weaker-performing stock-focused hedge funds during the month, according to a report by Bloomberg citing unnamed sources familiar with the matter.
Pershing Square founder Bill Ackman is reportedly planning a new hedge fund strategy designed to capitalise on investor complacency, echoing the “doomsday” trades that netted Pershing Square billions during the pandemic, according to a report by the Financial Times.
Rokos Capital Management’s macro hedge fund delivered gains in March, standing out in a difficult month for many global macro managers as geopolitical tensions in the Middle East contributed to heightened market volatility, according to a report by Bloomberg.
Zaheer Ebtikar, founder of the digital assets hedge fund Split Capital, is winding down the firm as he transitions into the stablecoin sector, joining Plasma, a startup focused on stablecoins, as chief strategy officer, according to a report by Fortune.
Hedge funds posted their largest losses since March 2020 as the US-Israel conflict with Iran triggered a spike in oil prices and an historic surge in volatility, coupled with steep declines across equity and fixed income markets, according to data from HFR.
European equities are stepping into the spotlight as hedge funds rethink their global strategies amid an uncertain macroeconomic backdrop.
Boston-based hedge fund Sirios Capital Management has partnered with iM Global Partner (iMGP) to launch the iMGP Sirios Absolute Return Fund R EUR HP PR UCITS ETF (SARF), marking Europe’s first ETF to include a performance fee, according to a report by ETFStream.
