Funds
CI Capital Asset Management is preparing to launch what is expected to be Egypt’s first equity-focused hedge fund, targeting EGP250m in assets during its first year of trading, according to a report by EnterpriseAM.
Greg Coffey’s Kirkoswald Asset Management is preparing to launch a new hedge fund focused on emerging markets credit, as strong investor demand for alternative strategies continues to support expansion among major managers, according to a report by Bloomberg.
Multi-strategy hedge funds delivered generally subdued returns in August, with several of the industry’s largest managers posting flat or modestly negative performance after a volatile July, according to a report by BusinessInsider.
Bobby Jain’s Jain Global generated around $1.8bn in gross trading profits during its first two years managing external capital, before completing a major shift to managing money exclusively for Millennium Management, according to a report by Bloomberg.
Capula Investment Management is expanding further into systematic trading with the launch of a new commodities strategy, the Capula Alternative Markets Alpha Fund, a quantitative Commodity Trading Advisor (CTA) strategy, according to a report by Bloomberg.
Alex Gerko, the billionaire founder of quantitative trading firm XTX Markets, is taking steps to wind up the investment partnership at the centre of a long-running UK tax dispute, according to a report by Bloomberg.
China’s quantitative hedge funds are staging a sharp recovery after suffering heavy losses during July’s market selloff, with popular index-enhancement strategies once again outperforming their benchmarks, according to a report by Bloomberg.
Saba Capital Management, led by Boaz Weinstein (pictured) has stepped up its campaign at Baillie Gifford US Growth Trust, proposing three new directors and calling for a full cash exit for shareholders at or near net asset value.
Citadel has sold more than 80 per cent of the positions it acquired from Situational Awareness, following the AI-focused hedge fund’s near-collapse during last month’s technology sell-off, according to a report by the FT.
Quantitative hedge funds suffered their sharpest daily decline in more than two years ton Wednesday as violent market rotations battered momentum strategies, adding to pressure on systematic managers following last month’s technology sell-off, according to a report by the Financial Times.
