Funds
Analog Century Management, the New York-based tech-focused hedge fund founded by Val Zlatev has joined the growing roster of external firms to secure capital from Izzy Englander’s Millennium Management, with the multi-strat major making a $1bn allocation, according to a report by Bloomberg.
The University of Houston System’s endowment management committee has approved a $20m investment in the Broad Reach Master Fund, an emerging markets-focused global macro hedge fund, according to a report by Pensions & Investments.
Despite strong industry performance this year, a significant portion of hedge funds have yet to fully recover from the steep losses experienced in 2022, according to a report by Institutional Investor.
Candriam, a global multi-asset manager with €145bn in AUM, has launched the Candriam Equities L ESG Market Neutral Fund which will target long and short investment opportunities based on both financial and ESG criteria.
Hilbert Group AB, through its asset management division, Hilbert Capital, has formed a strategic partnership with Xapo Bank, a prominent global financial institution, to launch a new $200m bitcoin-denominated hedge fund.
Magnetar Capital, the $17.5bn money manager known for alternative credit and hedge fund investing, has closed a new $235m venture capital fund – the Magnetar AI Ventures Fund – which will focus on investments in generative AI startups.
LoCorr Funds, a specialist in low-correlating alternative investments, has launched the new Hedged Core Fund, a ’40 Act investment vehicle which, according to a press statement, will ‘tap into the expertise of top-tier institutional money managers’.
AQR Capital Management, the quant investment firm co-founded by hedge fund veteran Cliff Asness, has raised approximately $350m for its newly launched Adaptive Equity Market Neutral UCITS Fund, which blends ESG principles with long-short market strategies, according to a report by Bloomberg.
Family offices are ramping up their investments in hedge funds, with allocations significantly increasing during the second quarter of 2024, according to a report by AlternativesWatch citing new analysis by Citi Private Bank.
Australia’s second-highest performing hedge fund, Tribeca Alpha Plus Fund, has capitalised on the increased volatility during earnings seasons, claiming that inadequate investment bank research has struggled to keep pace with rapidly changing industries, according to a report by Bloomberg.
