Funds
Hedge funds gained in July as recession fears mounted and volatility spiked into month-end, preceding an historic equity market drop to begin August, sparked partly by a steep decline in large cap tech equities, according to HFR.
Arkaim Advisors, a specialist in emerging market corporate debt investments, is to launch a new hedge fund, which will focus on global distressed and credit opportunities – with an particular emphasis on emerging markets.
Recent market turbulence has propelled Brevan Howard Asset Management’s flagship hedge fund, the $12bn Brevan Howard Master Fund, into profit for the year, reversing earlier losses, according to a report by Bloomberg.
Former BlueCrest Capital Management trader Mohit Khurana’s hedge fund, Southern Ridges Macro, has cut back on risk after incurring significant losses in the recent global market turmoil, according to a report by Bloomberg.
Vista Equity Partners has told investors that it has decided to wind down its hedge fund and related feeder funds due to a significant “structural shift” in markets favouring private assets, according to a report by Bloomberg.
Dharmesh Maniyar, who previously traded for both Paul Tudor Jones and Alan Howard before launching his own firm in 2020, is shutting down his eponymous global macro hedge fund following a wave of investor redemption requests, according to a report by Bloomberg.
Pershing Square’s main hedge fund wiped out almost all of its 2024 gains in July with a 4.7% decline for the month, mainly on the back of a sharp drop in the value of Universal Music Group shares, according to a report by Bloomberg.
Quilter Investors, the multi-asset investment business of Quilter, is adding a hedge fund replication strategy – the Goldmans Sachs Absolute Return Tracker — to its Cirilium Passive Portfolios offering for the first time.
David Einhorn’s Greenlight Capital experienced a positive turnaround in July with a 3% climb, effectively rebounding from a significant loss in the previous month, according to a report by Institutional Investor.
Former Liontrust Tortoise fund managers Matthew Smith and Tom Morris have launched their new hedge fund, QSM Capital, which aims to differentiate itself by offering a blend of traditional and alternative investment strategies.
