Funds
DE Shaw’s flagship hedge fund, the DE Shaw Composite Fund, weathered last year’s high-volatility environment to chalk up gains of 24.7% after fees, ahead of average annual hedge fund industry returns, according to a report by Reuters.
The report cites an unnamed source as saying performance at DE Shaw’s largest hedge fund was driven by systematic, discretionary and hybrid investment strategies helping the multi-strategy fund improve on its 18.8% return posted in 2021.
DE Shaw’s second biggest fund meanwhile, the macro-oriented Oculus Fund, also beta its 2021 showing with a 20% gain last year.
Both funds are closed for new
Key Square Capital Management, a macro hedge fund firm founded by ex-Soros Fund Management investment chief Scott Bessent, has posted a 30% gain this year up to 27 December, helped by a winning bet on the Japanese yen, according to a report by Bloomberg.
A number of once-high-flying stock hedge funds have racked up a second consecutive year of losses erasing billions of dollars of clients’ wealth in the process, according to a report by Bloomberg.
The SS&C GlobeOp Hedge Fund Performance Index measured -0.09%, for November, according to the latest figures from SS&C Technologies Holdings.
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index meanwhile, advanced 0.37% in December.
“SS&C GlobeOp’s Capital Movement Index was up 0.37% for December 2022, continuing a trend of stabilisation from November. The trailing 12-month average of 0.03% marks the second consecutive calendar year of positive flows,” said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies.
“As capital markets continue to demonstrate higher volatility and drawdowns, hedge funds have generally been an attractive allocation alternative. This
This year’s big interest rises have set bond and currency trading macro hedge funds on course to record their best annual gains since the global financial crisis in 2008, according to a report by the Financial Times.
The same interest rates rises though, have caused major problems for equity specialists and mainstream investors.
Billionaire trader Chris Rokos, who recovered from losses last year to gain 45.5 per cent in 2022, is among the year’s big macro winners, with the Brevan Howard co-founder on track for his best year since launching his own fund, which now has $15.5 billion in assets,
October redemptions from hedge funds outpaced subscriptions by -$52.97 billion, resulting in a 1.12% contraction of industry assets, according to the Barclay Fund Flow Indicator published by BarclayHedge.
A $71.03 billion trading profit during the month brought total hedge fund industry assets to more than $4.74 trillion as October ended.
Despite an overwhelmingly profitable month of trading, all but one hedge fund subsector suffered net redemptions in October. Emerging Markets – Latin America represented the only aberration, attracting $1.09 billion in net new capital.
Proportionally speaking, the hardest hit subsectors in October were Emerging Markets- Asia, Global Macro-, Event Driven-,
Winning bets on the lithium sector have helped Vivid Capital, a small, a relatively new, hedge fund firm, chalk up gains of 39% this year up to the end of November, according to a report by Reuters.
The Toronto-based firm, which focuses primarily on energy-transition investments, manages less than CAD50 million and runs just one fund – the Vivid Energy Fund. The fund’s string performance this year comes on the back of short positions in companies that focus on direct lithium extraction, including Vancouver-based Standard Lithium Ltd, which has seen a 61% fall this year following speculation about the effectiveness
The hedge fund industry was up 3.46% in November, according to the Barclay Hedge Fund Index compiled by BarclayHedge, trimming YTD losses to -6.51%, as many funds rode the swell of bullish sentiment in both equity and fixed income markets that continued throughout the month.
Hedge funds cut the their bets on rising US interest rates while upping their bearish bets agains the US dollar ahead of the Federal Reserve’s last policy meeting, according to a report by Reuters.
The report cites Commodity Futures Trading Commission data as showing that speculators now hold the largest net short dollar position since July last yea and the smallest net short position in three-month ‘SOFR’ rate futures since April.
The CFTC data relates to the the week ending 13 December, just prior to the Fed’s announcement of a 50 basis points rate rise with Chair Jerome Powell also
iM Global Partner, a worldwide asset management network, and Dynamic Beta investments, a New York-based hedge fund replication specialist, have marked the third anniversary of the iMGP DBi Hedge Strategy ETF (DBEH).
