Funds
Astant Global Management, a macro-focused alternative investment manager based in London, is gearing up to launch a new quantitative hedge fund strategy later this year which will leverage proprietary AI models, according to a report by Alternatives Watch.
Hedge funds, led by tech-centric firms including Whale Rock Capital Management and Light Street Capital Management, are on track for a year of bumper returns having recoded big gains in the first half of 2024, according to a report by Bloomberg.
Lombard Odier Investment Managers has launched a new DataEdge fund, a market-neutral alternatives strategy that combines big data analysis and systematic investment expertise to identify trends in consumer behaviour and their impact on company earnings forecasts.
Hedge funds posted mixed performance in June as election and political risks surged throughout Asia, Europe and the US, with European and Asian central banks cutting interest rates despite inflationary pressures, and gains in US large cap tech stocks hitting record highs.
Steve Cohen’s Point72, Ken Griffin’s Citadel and Izzy Englander’s Millennium Management emerged as the top performers in the first six months of 2024, marking a strong recovery for major Wall Street hedge funds after a sluggish 2023, according to a report by Business Insider.
ANZ has launched the Graphene Alternative Fund, an absolute return strategy for high net worth investors that is designed and managed by Blackstone’s Blackstone Multi-Asset Investing division.
Hedge funds saw mixed performance in the first half of the year, with macro fund Caxton Associates struggling to maintain its gains, while some multi-strategy and systematic funds excelled, according to a report by Reuters.
Hedge fund majors Citadel and Millennium have posted solid gains in the first half of the year, continuing a strong performance trend for the multi-strategy firms that dominate the industry, according to a report by the Financial Times.
Schonfeld Strategic Advisors’ flagship hedge fund, Strategic Partners, posted a 10.3% gain in the first six months of the year on the back of positive performance across multiple strategies, according to a report by Reuters.
Jonathan Xiong, the former co-CEO of Millennium’s Asia operations, has launched a new hedge fund, Arrowpoint Investment Partners, which began trading on Monday with over $1bn in assets and more than 15 portfolio managers, according to a report by Business Insider.
