Funds
Global hedge funds bought more stocks than they sold for the second consecutive week last week, mainly in ‘cyclical’ sectors such as energy, industrials and materials, amid an “almost no panic” market, according to a report by Reuters.
- 14/02/2024
Hedge funds’ bets have switched from bearish to bullish after the US economy’s unexpected job surge in the first six weeks of 2024 boosted optimism for the dollar, which has climbed nearly 3% so far this year, according to a report by the Financial Times citing executives at Citibank, JPMorgan, Rabobank and State Street.
- 12/02/2024
Hedge funds continued their end-of-year momentum into the first month of 2024 amid escalating geopolitical tensions, with fixed income-based strategies leading the way in terms of returns, according to performance data from HFR.
- 09/02/2024
Pershing Square Capital Management’s Bill Ackman exited his position in US home improvement retailer Lowe’s, after it generated a net $1.3bn profit for his fund’s investors, according to a report by Reuters.
- 09/02/2024
Aaron Weiner, a Managing Director at Coatue Management, the $40bn hedge fund founded by Philippe Laffont, will leave the firm at the end of the year to start his own hedge fund, according to a report by Bloomberg citing people with knowledge of the matter.
- 08/02/2024
- 08/02/2024
Pershing Square Founder Bill Ackman is set to launch a new US investment portfolio that will offer retail investors access to an investment strategy that mimics his existing hedge fund but with lower fees and faster access to capital, according to a report by Reuters.
- 08/02/2024
Alternative asset, equity and fixed income fund managers have identified private equity, renewable energy and hedge funds as the alternative asset classes most likely to increased inflows in 2024, according to new research by fund management solutions specialist Carne Group.
- 07/02/2024
Amid dizzying wrong-way bets and paltry gains for those with an eye on China and Asia more broadly, funds Sino Vision, Ubiquant, Toroa Management and Long Corridor Asset Management all saw gains exceeding 25% in 2023, according to a report by Bloomberg.
- 07/02/2024
- 07/02/2024
Multi-strategy major Citadel’s flagship Wellington fund recorded a 1.9% gain in January on the back of increased market volatility and amid uncertainty over the timing of interest rate cuts by the US Federal Reserve, according to a report by CNBC.
- 06/02/2024
Pascal Guttieres, a former UBS Group banker, is launching a new Hong Kong-based hedge fund, Viridian Asset Management, that will bet on a revival in Asia stock sales after volumes last year fell to the lowest seen in a decade, according to a report by Bloomberg.
- 05/02/2024
