Funds
Unlimited, an exchange traded fund firm launched by former Bridgewater Associates executive Bob Elliott, is to expand its offering with the launch of a suite of ETFs providing investors with access to a range of hedge fund-like strategies.
Landseer Asset Management UK is in talks with Odey Asset Management over the transfer of portfolio manager Freddie Neave, who runs its flagship hedge fund, as the firm continues to deal with the fallout from multiple sexual assault allegations made against founder Crispin Odey, according to a report by Bloomberg.
Offshore China hedge funds that target investments in the world’s second-largest economy, are feeling the pinch as foreign investors lose interest in investing in the country’s faltering economy, according to a report by Bloomberg.
Pictet Asset Management has expanded its $9bn actively managed Total Return franchise with the launch of the Lotus Offshore Fund Ltd, an event-driven, special situations Asia Long/Short equity fund, offered as a quarterly-dealing Cayman-domiciled strategy.
The Noble Absolute Return ETF (NOPE), an exchange traded fund launched by hedge fund veteran George Noble in September last year to provide “access to strategies that are typically not available to average investors”, is to liquidate after less than a year, according to a report by Bloomberg.
TOP STORY: Saba Capital Management, the hedge fund firm founded by Boaz Weinstein, has seen its flagship hedge fund rack up losses of 7.7% so far this year after bearish bets backfired amid the recent stock market rally, according to a report by The Financial Times.
Saba Capital Management, the hedge fund firm founded by Boaz Weinstein, has seen its flagship hedge fund rack up losses of 7.7% so far this year after bearish bets backfired amid the recent stock market rally, according to a report by The Financial Times.
Viking Global Investors, US-based hedge fund founded by ‘Tiger Cub’ Ole Andreas Halvorsen in 1999, has reopened its flagship long/short hedge fund to new capital after being closed for over a decade, according to a report by Reuters.
Rokos Capital Management’s macro hedge fund, which is one of the world’s biggest with $14bn in assets, has fully recouped the losses it suffered  earlier in the year having racked up a gain of  3.7% in July, according to a report by Bloomberg.
Hedge funds extended their June performance surge through July, again led by technology, AI and growth, with gains in these areas complemented by shareholder activist, financials and commodity sub-strategies, according to data from HFR.
