Funds
John Hempton, one of Australia’s highest-profile hedge fund investors, says he is reviewing his strategy at Bronte Capital after the firm recorded its worst monthly returns in more than two years, according to a report by the Australian Financial Review.
Hedge funds gained 1.22% in September according to the gross return of the SS&C Technologies Holdings’ SS&C GlobeOp Hedge Fund Performance Index, while hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index declined 0.44% in October.
Jun Bei Liu, the manager of one of Australia’s top -performing hedge funds, is set to leave Tribeca Investment Partners to establish her own investment firm after nearly 20 years with the company, according a report by Bloomberg.
A leading Chinese hedge fund, which has surged more than 800% over the past seven years, is taking advantage of the recent dip in Hong Kong-listed Chinese tech stocks, seeing their valuations as still attractive despite a strong rally this year, according to a report by Bloomberg.
Commodity trading advisors and trend-following hedge funds made a significant comeback in September, with Quantedge Global Fund, which gained over 8% over the month, bringing its year-to-date return to 29.36%, leading the way, according to a report by Institutional Investor.
LGT Capital Partners has launched a new hedge fund vehicle for both institutional and wealth management clients offering access to the individual components of hedge fund strategies that make up the firm’s primary evergreen LGT Endowment portfolio, according to a report by CityWire.
Karl Oscar Strøm, a former Partner at Pareto Securities, is closing the Norwegian hedge fund Paleo Fund, which he founded in 2021. following several consecutive years of financial losses, according to a report by AMWatch.
Brevan Howard’s flagship $12bn Master Fund returned to winning ways in September following a dip in the previous month, with a 5.12% gain, its best monthly performance so far in 2024, according to a report by Financial News.
Global hedge fund major Winton suffered significant losses in its China-focused strategy after an unexpected stimulus package from Beijing last month led to a sharp rally in local stock and commodity markets, according to a report by Reuters.
Event-Driven hedge funds led strong, industry-wide gains in September as the US Federal Reserve lowered interest rates and managers positioned for increasing M&A despite continued escalation of military conflicts in the Middle East and Eastern Europe, according to HFR.
