Funds
Trend-following hedge funds posted only marginal losses in June as gains from precious metals trading largely offset weaker performance in energy, agricultural commodities and currencies, according to a report by Reuters citing new analysis from Société Générale.
Hedge funds extended their winning streak in June, according to data from HFR, delivering a third consecutive month of positive returns as equity markets reached new highs, artificial intelligence-driven stocks continued to rally and event-driven managers benefited from an active corporate and IPO environment.
Systematic hedge funds have suffered their weakest spell of performance since August after a sharp reversal in artificial intelligence-related trades triggered losses across some of the market’s most crowded positions, according to a report by Reuters citing a recent Goldman Sachs client note.
Quantitative equities manager RQI Investors has expanded its UK fund range with the launch of the RQI Global Fund, a UK UCITS OEIC providing professional and retail investors with access to the firm’s flagship Global Value strategy.
A resurgence in US dealmaking and increasingly complex regulatory reviews are creating lucrative opportunities for merger arbitrage hedge funds, with managers generating outsized returns by correctly assessing the prospects of controversial transactions.
Lone Pine Capital delivered a 43% return in its flagship hedge fund through June, putting the firm among the industry’s top performers and marking one of its strongest starts to a year on record.
South Korea’s sharp equity correction is testing hedge funds that have been among the biggest beneficiaries of the AI-driven rally in semiconductor stocks.
Quantitative hedge funds are experiencing their most challenging period since late 2023 as a sharp reversal in momentum trades disrupts systematic strategies and prompts deleveraging across the industry, cited a Bloomberg report.
US hedge funds cut exposure to technology hardware stocks for a fourth consecutive week as semiconductor shares retreated and investors positioned ahead of the upcoming earnings season, according to a Goldman Sachs prime brokerage note.
Bond funds attracted £1.06bn of net inflows in June, marking their third-strongest month on record, as investors continued shifting towards income-generating and diversified strategies, according to the latest Fund Flow Index from Calastone.
