Funds
Point72 Asset Management, owned by billionaire Steve Cohen, plans to return between $3bn and $5bn to investors after achieving significant profits, according to a report by Bloomberg.Â
Hedge funds managed by protégés of the late Tiger Management founder Julian Robertson, known as “Tiger Cubs,” reported robust double-digit returns in 2024, buoyed by the soaring performance of technology stocks, their second consecutive year of recovery following a challenging 2022, according to a report by Bloomberg.
Two Hong Kong-based firms, Welwing Capital and Jetha Global, have joined the growing list of hedge funds in Dubai, as the emirate’s International Finance Centre continues to see an influx of investment firms, according to a report by Bloomberg.
Nicolas Monaghan, the trader embroiled in a legal dispute between Schonfeld Strategic Advisors and his former employer, Garda Capital Partners, is gearing up to launch his own hedge fund, Mistral Capital, with an initial $1bn allocation from Schonfeld, according to a report by Bloomberg.
Sona Asset Management’s Credit Master Fund posted a 2024 return of 18.76%, capitalising on a surge in European companies refinancing their debt, marking the fifth year of double-digit returns for the $10.1bn credit manager’s flagship fund, according to a report by Reuters.
Hedge funds gained in December to conclude a volatile year, navigating election and geopolitical risks, falling but persistent inflation, and surging cryptocurrency prices, with macro and arbitrage strategies leading the way, according to the latest data from HFR.
Aaron Weiner, a former partner at Coatue Management, is launching a new long-short equity hedge fund, Atlantic Wolf Capital, with $3bn in initial capital provided exclusively by Izzy Englander’s Millennium Management, according to a report by Bloomberg.
Said Haidar, a hedge fund manager renowned for his high-leverage macro trading strategies, is enduring the most severe downturn of his career, with his flagship Haidar Jupiter fund posting a staggering 32.7% decline in 2024, according to a report by Bloomberg.
BlueCrest Capital Management, Michael Platt’s hedge fund-turned-family office, delivered a stellar 38% return last year, outperforming many peers in a volatile market, according to a report by Bloomberg.
Ossiam, a Paris-based investment management firm specialising in quantitative strategies, has launched the Ossiam Multi Fixed Income Opportunities Fund, which aims to provide market-neutral, flexible exposure to fixed income investments.
