Funds
Hedge funds increased their US equity positioning for the third consecutive week, with net buying accelerating across several sectors, according to a report by InvestorsHub citing Goldman Sachs’ prime brokerage desk.
Hedge funds moved quickly to cover short positions on Friday which were undermined after a sharp rebound in US equities, according to a report by Bloomberg.
Bill Ackman is preparing a dual-offering structure through his firm Pershing Square Capital Management and a new closed-end investment vehicle, Pershing Square USA, according to a report by the Wall Street Journal citing sources familiar with the matter.
Hedge funds have kicked off the fourth quarter of 2025 with robust performance, posting a weighted average return of 2.1% in October, according to the latest Monthly Hedge Fund Report from global hedge fund administrator Citco.
Decagon Asset Management — a hedge fund backed by Squarepoint Capital — has secured separately managed account (SMA) commitments from clients including Atom Investors, bringing its assets under management to about $450m, according to a report by Bloomberg citing people familiar with the matter.
JPMorgan’s analysts say that hedge funds turning unexpectedly cautious in October could set the stage for a rebound in equity markets into year-end, according to a report by Investing.com.
BlackRock is overhauling its flagship quantitative investment strategy in a bid to compete more directly with traditional hedge-fund heavyweights, according to a report by the Financial Times.
Hedge funds posted a 1.42% gross return in October, according to the Hedge Fund Performance Index from SS&C GlobeOp, one of the industry’s largest administrators, servicing funds representing roughly 10% of global hedge fund assets.
TOP STORY: Michael Burry, the investor famed for his prescient bet against the US housing market that inspired the film The Big Short, has closed his firm Scion Asset Management, liquidating its funds and returning capital to investors, according to a report by Reuters citing a letter to investors.
Major hedge-fund firms are expanding into private-markets investing, leveraging their risk-pricing capabilities and talent infrastructure to compete in areas traditionally dominated by buy-out and venture-capital players, according to a report by Bloomberg.
