Funds
Quilter Investors, the multi-asset investment business of Quilter, is adding a hedge fund replication strategy – the Goldmans Sachs Absolute Return Tracker — to its Cirilium Passive Portfolios offering for the first time.
David Einhorn’s Greenlight Capital experienced a positive turnaround in July with a 3% climb, effectively rebounding from a significant loss in the previous month, according to a report by Institutional Investor.
Former Liontrust Tortoise fund managers Matthew Smith and Tom Morris have launched their new hedge fund, QSM Capital, which aims to differentiate itself by offering a blend of traditional and alternative investment strategies.
APAC-focused hedge funds outperformed their North America- and Europe-focused peers in Q2 with an average net return of 3.5%, versus 0.18% and 1.44% respectively, according to Preqin’s Hedge Funds Q2 2024 report.
Case Hedgefond, a multi-strategy Swedish hedge fund that once managed more than SEK15bn (€1.29bn), is set to merge into Case Fonder’s credit hedge fund, Case Credit Opportunity, after assets dwindled to just €100m.
Digital asset investment products saw a relatively muted inflows last week totalling some $245m, although flows were mixed across different digital assets, according to the latest Digital Assets Fund Flows Weekly Report from CoinShares.
Illinois-based hedge fund Magnetar Capital’s Structured Credit Fund was a standout performer in H2 with a 22% gain as credit-focused hedge funds saw mainly modest gains, according to the Gapstow Alternative Credit Hedge Fund Composite Index which is up 4.6% year to date.
Pershing Square, the hedge fund firm led by billionaire Bill Ackman, is moving forward with the initial public offering of its Pershing Square USA closed-end fund, although the pricing date has yet to be announced, according to a report by the Wall Street Journal.
Mulvaney Capital’s systematic long-term trend-following programme has outperformed so far in 2024, with the strategy recording a huge 134.22% gain despite a decline last month, according to a report by Institutional Investor.
Hermes Li’s Aspex Management, one of the largest hedge funds in Asia, has reported a strong performance in the first half of 2024, with a 21% return, significantly boosting its AUM to over $9bn, according to a report by Bloomberg.
