Funds
Terrence Matthews, previously the head of European credit at hedge fund Centiva Capital, is setting up his own venture, Athlone Investment Management, in the latest in a series of spin-offs from a multi-strategy “pod shops” that operate with teams of individual traders, according to a report by Bloomberg.
Hedge funds recorded their eighth successive quarter of positive returns in Q3 2024, with funds achieving an overall weighted average return of 3.22%, a 1.09% increase on Q2, according to a new report from Citco.
Shanghai-based Power Asset Management has closed its options arbitrage strategy following significant losses amid recent market volatility, making it the latest Chinese hedge fund to be impacted by unpredictable stock movements linked to government stimulus efforts, according to a report by Reuters.
Multi-strategy hedge fund major Millennium Management is exploring the launch of its first new fund since the company launched over three decades ago, to focus on investments in less liquid assets including private credit, according to a report by the Financial Times.
Hedge fund capital rose to a fourth consecutive quarterly record as the combination of election and geopolitical risks, which have dominated financial market performance throughout 2024, accelerated into Q4, according to data from HFR.
Lone Pine Capital, the hedge fund founded by Stephen Mandel Jr, posted a solid performance in the third quarter, with its long-short fund, Lone Cypress, gaining 5%, bringing its year-to-date return to approximately 23%, according to a report by Institutional Investor.
TPT Investment Management, the investment management company part of the TPT Retirement Solutions group, has completed the successful launch of a new Liquid Alternatives Fund, a collective investment vehicle aimed at UK pension schemes.
Commodity hedge fund Farrer Capital Management Pty has successfully raised $500m in investment capital and has now closed to new investors, becoming one of the few specialist agriculture-focused investment funds in the market, according to a report by Bloomberg.
SS&C Technologies Holdings today announced that the SS&C GlobeOp Forward Redemption Indicator for October 2024 measured 2.23%, down from 2.72% in September, and lower than the 10-year average of 2.67%, according to the latest data from SS&C Technologies Holdings.
Asia-based hedge funds surged ahead of their global counterparts in the first three quarters of the year, buoyed by a strong rally in Chinese stocks last month, marking a reversal of three years of underperformance for the region’s funds, according to a report by Bloomberg.
