Funds
New York-headquartered global hedge fund firm Davidson Kempner is set to close its Distressed Opportunities Fund, citing a more challenging environment for hedge funds that invest in the debt of distressed companies, according to a report by Reuters.
Hong Kong-based investment firm Sengu Capital is gearing up to launch a new hedge fund that will look to tap into Japan’s financial market resurgence by employing an investment strategy focused on improvements in corporate management in the country, according to a report by the Japan Times.
Investors are showing increased optimism toward hedge funds, with a large majority planning new allocations during the second half of 2024, a trend is fuelled by fresh capital inflows and the growing popularity of portable alpha strategies, according to a recent report by BNP Paribas.
abrdn has closed its Global Risk Mitigation Fund, citing poor returns and lack of investor interest. The hedge fund, which had struggled with negative performance since its inception, officially ceased operations on 30 August, according to a report by the Financial Standard.
TOP STORY: Regal Partners Ltd, the Australian hedge fund firm born out of the merger of Regal Funds Management and VGI Partners in 2022, is seeking approximately $1bn in new capital for its latest Cayman Islands-based based fund, as part of broader expansion efforts, according to a report by Bloomberg.
Walleye Capital’s $4.8bn multi-strategy hedge fund delivered impressive results in August, outperforming some of the industry’s biggest names, including Citadel, Millennium, and ExodusPoint, according to a report by Business Insider.
Digital asset investment products saw outflows totalling $305m last week, with widespread negative sentiment evident across various providers and regions, according to the latest Digital Assets Funds Flows weekly Report from CoinShares.
Hedge funds closed the performance gap with global equities in July 2024, according to Preqin with the data provider’s All Hedge Fund Index up by 1.61% over the month, just 17 basis points behind the MSCI World Index, which posted a 1.78% gain.
Morgan Stanley is targeting hedge funds as part of renewed efforts to reclaim its top position in stock trading, a title it lost to Goldman Sachs following the collapse of Archegos Capital Management in 2021, according to a report by the Financial Times.
A subsidiary of Ryobi Holdings Co, a bus operator in rural Japan, is taking an unconventional step to counter the impact of the country’s declining population by launching an AI-driven hedge fund focused on foreign exchange trading, according to a report by Bloomberg.
