Funds
Ryan Foster, a former senior portfolio manager at Millennium Management and ex-Soros credit investor, is launching a new credit hedge fund, Extant Capital, with $200m in seed capital from New Holland Capital, a $6bn alternative investor in external funds.
Renaissance Technologies, the systematic hedge fund firm founded by mathematician and former Cold War code breaker Jim Simons, saw its difficult summer continue in July, as the quant pioneer posted further losses across key strategies, according to a report by Business Insider.
Carl Icahn’s private investment fund posted another quarterly loss in Q2, falling 0.5% and taking year-to-date declines to 8.8%, according to a report by Institutional Investor citing Icahn Enterprises’ latest filing.
A surge in investor appetite for artificial intelligence exposure is driving a new generation of hedge funds targeting the sector, with several high-profile launches amassing multi-billion-dollar asset bases in record time, according to a report by the Wall Street Journal.
DE Shaw’s $60bn hedge fund platform saw a sharp late-month rebound in July, with its macro-focused Oculus fund surging 4.6% in the final week to finish the up 4.4% for the month, according to a report by Bloomberg citing an investor letter.
Syz Capital, the $2bn alternatives investment arm of the family-owned Syz Group, is set to reopen its bitcoin-denominated fund of crypto hedge funds, the BTC Alpha Fund, to new and existing investors from 1 October 2025 in response to growing institutional demand.
Systematic hedge funds recovered some ground in the final week of July, offsetting what had been a difficult month for the sector, according to a report by Business Insider citing the latest prime brokerage data from Morgan Stanley and Goldman Sachs.
Hedge funds kicked off the second half of 2025 on a positive note, building on strong first-half gains as improving sentiment around M&A activity, global trade negotiations and the economic outlook fuelled risk-on positioning across a range of strategies, according to a data from HFR.
Lee Ainslie’s Maverick Capital is expanding for the first time in years, launching a semiconductor-focused vehicle and actively raising capital for its hedge funds – moves that mark a rare growth initiative for the $10bn firm founded over three decades ago, according to a report by Bloomberg.
Dan Loeb’s Third Point delivered a strong start to H2 2025, returning 4.5% in July, comfortably outpacing the S&P 500’s 2.2% gain (including dividends), according to a report by Business Insider citing the firm’s latest investor update.
