Funds
Man GLG, Man Group’s discretionary investment unit, has appointed EOF Partners founder Sof Yiannakas and his team of two analysts – Andreas Christoforou and Giorgi Tevzadze – to run a new European opportunities long-short equity strategy.
Lombard Odier Investment Managers has launched the Global Carbon Opportunity strategy an actively managed strategy designed to capture opportunities across carbon markets worldwide. Global Carbon Opportunity is the latest addition to LOIM’s Alternatives franchise aligning with the CLIC framework.
The pace of Hedge Fund redemptions accelerated slightly in August to -$18.92 billion (-0.38% of industry assets), according to the Barclay Fund Flow Indicator published by BarclayHedge.
Hedge funds advanced in October, as equity markets posted a strong recovery, with the DJIA surging to the largest monthly gain in over 40 years, while generational inflation continued, and the US Federal Reserve prepared to raise interest rates.Â
Rokos Capital Management has joined a growing list of macro hedge funds seemingly on course for record annual returns, following a 5.4% gain last month which takes YTD performance to +44%, according to a report by Bloomberg.
HighVista Strategies has held the final close of the HighVista Opportunistic Private Credit Fund II LP with $450 million of committed capital exceeding the fund’s original target. Fund II received strong support from existing clients including pension funds, endowments and foundations, and family offices.
Holland Park Capital has launched a new digital hedge fund, Holland Park Digital Assets, which began trading last week with proprietary capital and intends to raise $250 million over time from high net worth investors.
Citadel was the leader of the multi-strat hedge fund pack in October outpacing its rivals with a 1.52% gain that took performance so far this year to 30.7%, according to a report by BusinessInsider.
Technology investor White Hat Capital Partners has partnered with Magnetar Capital, a US-based $13.2 billion multi-strategy alternative investment manager, to launch the White Hat Structured Opportunities fund.
Hedge fund Pershing Square Holdings cut its year-to-date losses to 12% in October putting on 10% over the month, according to a report by Bloomberg. The gain was ahead of the S&P 500 index, which was up 8%, but trailed the 14% increase of the Dow Jones Industrial Average, its best monthly return since 1976.Â
