Funds
Hiddenite Capital Partners, the London-based long-short hedge fund led by Ryan Packard, posted a 102% net return in 2025, marking its second straight year of triple-digit gains following a nearly 120% return in 2024, according to a report by Institutional Investor.
Blackstone’s largest hedge fund business posted a strong performance in 2025, with its Absolute Return Composite (AR) delivering a return of nearly 12%, comfortably outperforming industry benchmarks, according to a report by Bloomberg citing unnamed people familiar with the figures.
Francis Lau’s one-man hedge fund, Lucida Capital, posted a 65% gain from April through December 2025, outperforming larger Canadian rivals, by investing – leverage-free – primarily in mid-cap US and Canadian stocks, according to Bloomberg data.
Kyma Capital, the London-based hedge fund founded by former GSO Capital Partners investor Akshay Shah, delivered net returns of around 48% in 2025, driven by a series of successful distressed debt investments, according to a report by Bloomberg.
Shares in BH Macro Limited closed sharply higher in trading late on Monday following an announcement from its investment manager, Brevan Howard, regarding a new private fund launch, according to a report by Quoted Data.
H2O Asset Management has launched Generative Global Macro, an actively-managed discretionary global macro fund that integrates generative AI tools to support behavioural finance analysis and enhance portfolio decision-making.
Global hedge fund industry assets have exceeded $5tn for the first time, driven by a combination of strong performance and sustained investor inflows, according to the latest Global Hedge Fund Industry Report from hedge fund indexation and analysis specialist HFR.
Quant hedge funds have begun 2026 under pressure, with crowded positions in US equities triggering the sector’s worst drawdown since October and reigniting concerns over volatility in systematic strategies, according to a report by Bloomberg citing prime brokerage data from Goldman Sachs.
Australian hedge fund Caledonia delivered mixed results over the past year, as strong gains in selected equity positions were offset by weaker performance from several of its largest holdings, according to a report by the Financial Review.
TCI Fund Management, the London-based hedge fund headed by Chris Hohn, has set a new industry record after the firm generated an estimated $18.9bn in trading gains last year, overtaking the previous high set by Citadel in 2022, according to a report by Bloomberg.
