Funds
Glenview Capital Management, the long-short hedge fund firm led by Larry Robbins, is on track for its best annual performance in half a decade after posting another strong gain in August, according to a report by Institutional Investor.
Hedge funds extended their winning streak to four months in a row in August taking overall YTD returns close to double-digit territory with a range of strategies delivering positive performance amid a spike in market volatility early in the month, according to the latest data from Citco.
Rokos Capital Management, the hedge fund founded by Chris Rokos, saw its macro strategy suffer one of its steepest monthly declines in August as global market volatility spiked on concerns of a potential US recession, according to a report by Bloomberg,
Hedge funds advanced 0.75% in August according to the gross return of the SS&C GlobeOp Hedge Fund Performance, while hedge fund flows, as measured by the SS&C GlobeOp Capital Movement Index, advanced 0.39% for September.
August proved to be a strong month for hedge funds specialising in life sciences and biopharma stocks, with several firms reporting solid gains that helped many return to positive territory for the year, according to a report by Institutional investor.
State Street Global Advisors, the asset management business of State Street Corporationhas launched the State Street Global Alternative Beta Fund, which seeks to approximate the returns of hedge funds as a broad asset class.
The KLS Scopia Market Neutral Equity Fund has grown its AUM to $63m and recorded a 12-month trailing net return of 9.8% since being launched by New York-based hedge fund manager Scopia Capital Management in UCITs format on Kepler Partners’ KLS Funds platform.
Trend-following hedge funds took a hit in August due to unfavourable bets on the New Zealand dollar and Japanese assets during a period of heightened market volatility, according to a report from Reuters, citing data from Societe Generale.
Hedge funds navigated an historic volatility surge in early August, with equity hedge and fixed income-based relative value arbitrage strategies leading that way, as the HFRI Fund Weighted Composite Index advanced +0.25% for the month.
Douglas Haynes, former President of Steve Cohen’s Point72 Asset Management, has abandoned his plans to launch a new hedge fund firm – Norias Research Group – citing challenges in raising sufficient capital, according to a report by Bloomberg.
