Funds
Asian hedge funds achieved their strongest performance in 15 years in 2024, leveraging market volatility, winners in China’s uncertain economy, and opportunities in artificial intelligence (AI), according to a report by Reuters.
Hedge funds saw a successful year in 2024, achieving average global gains of 12.1%. Equity long-short managers led the way, with several other strategies delivering double-digit returns, according to a report by Investing.com citing data from Goldman Sachs.
Steven Cohen’s Point72 Asset Management has achieved a 14% gain with its newly launched artificial intelligence (AI)-focused fund, reaching nearly $1.5bn in assets within just three months, according to a report by Reuters citing sources familiar with the matter.Â
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.
