Funds
Hedge funds including Third Point and Pentwater Capital have secured major gains after US Steel’s $14.1bn sale to Japan’s Nippon Steel completed, bringing to a close one of the most politically charged and volatile merger arbitrage stories in recent years, according tp a report by Bloomberg.
Hedge funds have turned in “steady to excellent” performance YTD, with more than 75% of managers posting gains through May’s equity rebound, according to a report by Alternatives Watch citing performance data from hedge fund research and intelligence provider PivotalPath.
Hedge funds recorded one of the strongest monthly inflows of recent years in May, with investors committing $6bn, according to the latest data from Citco, the asset servicer with more than $2tn in assets under administration.
BlackRock has launched its first Asia-Pacific market-neutral hedge fund aimed at retail investors in Singapore and Hong Kong, marking a significant push by the world’s largest asset manager into alternative strategies for wealth clients, according to a report by Business Times.
UniSuper, one of Australia’s largest superannuation funds, has seeded a new AUD500m hedge fund focused on the ASX 300, partnering with RQI Investors, the quantitative arm of First Sentier Investors, according to a report by Finance News Network.
Tephra Digital, a crypto-focused hedge fund backed by Jefferies’ Leucadia Asset Management, posted an 11% gain in May, outpacing many of its peers as digital asset markets rallied sharply, according to a report by Financial News.
Yves Blechner, a former portfolio manager at Man Group, is preparing to launch his own hedge fund, 44 Hill Capital Management, as he seeks to capitalise on opportunities across global high-yield and distressed credit markets, according to a report by Bloomberg.
Discretionary macro hedge funds are outperforming their systematic counterparts in 2025 as volatile markets, driven in part by US President Donald Trump’s unpredictable policy decisions, have disrupted trend-following strategies, according to data from PivotalPath.
Hedge fund performance and capital flows remained positive heading into the summer, according to the latest data from SS&C Technologies, with the SS&C GlobeOp Hedge Fund Performance Index reporting a 0.85% gross return for May.
Macro hedge funds weathered a volatile May with largely positive results, underscoring the sector’s resilience in navigating unpredictable macroeconomic conditions. Rokos Capital Management led the pack with a +1.28% return for the month, bringing its year-to-date performance to +9.46%.
