Hildene Capital Management, a credit-focused asset manager with approximately $12 billion of assets under management, has  with  entered into a long-term strategic alliance with US annuity provider SILAC Insurance Company.

Digital asset investment products saw outflows totalling $9.7 million last week, highlighting continued mild negative sentiment that has persisted for the last three weeks, according to the latest Digital Asset Fund Flows Weekly report from CoinShares. Bitcoin saw minor outflows, totalling $6.5 million for the third week in a row implying sentiment at the beginning of 2023 remains negative. Over the same period short-bitcoin investment products saw minor inflows of $1.2 million. XRP, meanwhile, bucked the trend with inflows totalling $3 million representing 9% of total AuM which CoinShres believes comes on the back of an improvement in clarity of

Hedge fund fees declined slightly in Q3 2022, with the average industry-wide management fee declining 1 basis point from the prior quarter to an estimated 1.35%, according the latest HFR Market Microstructure Report. The average incentive fee, meanwhile, fell by 4 bps to 16.01%, with both estimated fees representing their lowest levels since HFR began publishing these estimates in 2008.  For funds launched in Q3 2022, average management fees increased by 3 bps from the prior quarter to an estimated 1.35%. Average incentive fees for funds launched in the third quarter of 2022 was estimated at 17.23%, representing a decline

The Rokos Macro Fund has joined a growing group of macro funds to have registered big gains 2022, recovering from its worst ever performance (-26%) in 2021 to record a record gain of 51% last year, according to a report by Reuters. The report cites unnamed sources as revealing that the $15.5 billion fund’s gain was its best since founder Chris Rokos started his eponymous firm in 2015. The find produced positive returns in every month bar one in 2022. Like macro peers including Crispin Odey and Said Haidar, Rokos benefited from winning short bets on bonds as central banks

Hedge funds are increasing their bets against the US dollar as speculation grows that the US Federal Reserve is set to slow the pace of recent interest rate hikes aimed at curbing inflation, according to a report by Bloomberg. The report cites data from the Commodity Futures Trading Commission on eight currency pairs as revealing that bearish bets against the US dollar increased to 30,457 contracts last week, the highest level seen since August 2021. After data on Friday showed that US wage growth eased last month, Swap contracts show that investors now expect the US policy rate to peak

New hedge fund launches in the third quarter of 2022 fell lower than the prior quarter, reaching their lowest level since Q4 2008, according to new data released by HFR.

Investment manager Neal Berger’s Contrarian Macro Fund chalked up gains of 163% last year on the back of a series of successful bets that US Federal Reserve rate hikes would cause market turmoil, according to a report by Bloomberg. The report cites an investor document as revealing that the $200 million fund, which launched in April 2001 with partner capital from Berger’s Eagle’s View Capital Management fund of funds business, placed bearish bets on stocks and bonds after correctly predicting that a decade of lenient Fed fiscal policy was about to come to an end. “The reason why I started

Catalio Capital Management, a multi-strategy life sciences investment firm with more than $1 billion in assets under management, has launched a dedicated public equities hedge fund investment strategy focused on identifying compelling life science investment opportunities globally.