Funds
Crypto hedge fund manager Re7 Capital is aiming to raise $100m for a new multi-strategy vehicle, with the firm’s founder Evgeny Gokhberg set to serve as Chief Investment Officer, according to a report by Financial News.
Hedge fund performance softened slightly in July after a strong first half, though the majority of funds remained in positive territory, according to the latest data from Citco, the asset servicer with more than $2tn in assets under administration.
Canada Pension Plan Investment Board has committed $250m to New York-based hedge fund Taproot Management, backing a novel model that replaces traditional portfolio managers with teams of senior analysts, according to a report by Bloomberg.
Credit-focused alternative investment firm Anchorage Capital Advisors, has closed its latest flagship vehicle, the Anchorage Credit Opportunities Fund IX, on $1.5bn, surpassing its initial $1.25bn hard cap, according to a report by Bloomberg.
Digital asset investment products saw $3.75bn inflows last week, the fourth-largest weekly total on record, driving AuM to an all-time high of $244bn, according to a the latest Digital Assets Fund Flows Weekly Report from CoinShares.
Qin Xiao, the former Co-Head of Goldman Sachs’ global commodities trading unit, has raised around $1bn from Millennium Management to seed his new hedge fund, Nexus Commodities Capital Management, according to a report by Bloomberg.
Tiger Global Management gained 2.8% in July, bringing year-to-date returns to 7.5%, but still lags behind several fellow “Tiger Cub” hedge funds, according to a report by Bloomberg citing unnamed people familiar with the numbers.
Rob Citrone’s Discovery Capital has continued its strong performance in 2025, with the Discovery Global Opportunity fund posting a 4.2% return in July and lifting year-to-date gains to 17.5%, according to a report by Financial News citing unnamed sources.
Hedge funds delivered a 1.25% gross return in July, according to the SS&C GlobeOp Hedge Fund Performance Index, while the SS&C GlobeOp Capital Movement Index showed net inflows of 0.63% in August – a sharp improvement on the 0.17% seen a year earlier.
Lorenzo Rossi’s London-based hedge fund Kedalion Capital Management is preparing to open to outside investors for the first time since securing backing from Izzy Englander’s Millennium Management, according to a report by Bloomberg.
