Funds
European opportunistic credit manager Chepstow Lane Capital achieved net returns of 13.24% in 2024, according to a report by Bloomberg News citing an investor letter.
York Capital Management’s Asia hedge fund spinoff, MY.Alpha Management HK Advisors, is raising funds for a new venture aimed at capitalising on South Korea’s corporate value-boosting measures, according to a report by Bloomberg.
Ken Griffin’s Citadel has raised $1bn through the sale of high-grade bonds on Wednesday to fund a payout to its owners, according to a report by Bloomberg UK.
A year after posting his first-ever annual loss, Brazilian hedge fund manager Rogerio Xavier, the Co-Founder of SPX Capital, saw the SPX Raptor fund – a variant of its flagship Nimitz fund – outperform 96% of its peers, according to a report by Bloomberg.
The Abu Dhabi Investment Authority (ADIA) is acquiring a minority stake in Innocap Investment Management, a Canadian platform that streamlines capital allocation to multiple hedge funds, according to a report by Bloomberg.
Clearwater Analytics is set to acquire Enfusion, a SaaS provider for investment management and hedge funds, in a deal valued at approximately $1.5bn.
London-based investment manager Downing has launched the new MGTS Downing Active Defined Return Assets Fund, aimed at institutional investors, discretionary fund managers, IFAs, and advised sophisticated individual investors.
Global hedge funds ramped up their bets against US stocks in the week leading up to 9 January, anticipating a strong US jobs report that triggered a Wall Street sell-off, according to a report by Reuters citing notes from Morgan Stanley and Goldman Sachs.Â
Quant hedge funds had a strong showing in 2024, much like their counterparts in the multistrategy space, as algorithm-driven firms achieved double-digit gains across various strategies, according to a report by Business Insider.
Mulvaney Capital Management posted a 82.97% return for 2024, significantly improving from its 51.22% performance in 2023, according to a report by Reuters citing an investor letter.
