Funds
London-based Nickel Digital Asset Management, a regulated European digital assets hedge fund manager, recorded strong performance with its flagship multi-strategy Diversified Alpha Fund and its fundamental Digital Liquid Venture Fund in 2023.
A “significant and unprecedented drawdown” following failed bets in China and Japan has prompted Singapore-based Asia Genesis Asset Management to liquidate its macro hedge fund, according to a report by Reuters.
Digital asset investment products saw minor outflows last week totalling $21m, although this top line number masks very high trading volumes which totalled $11.8bn, according to the latest Digital Asset Fund Flows Weekly Report from CoinShares.
Hedge fund capital surged beyond the historic $4tn milestone to begin 2024, with investors remaining focused on inflation, higher interest rates, and macroeconomic uncertainty, but increasingly much more focused on uncertain geopolitical risk and acceleration in M&A.
The China operations of US hedge funds Bridgewater Associates and Two Sigma Investments saw a big surge in assets last year as they weathered market turbulence to outperform their local rivals, according to a report by the Financial Times.
Activist hedge fund Blackwells Capital is seeking support for three board director nominees at Walt Disney, saying in a preliminary proxy filing that all three have skills and experience that would help the business, according to a report by Reuters.
The world’s 20 most successful hedge fund firms generated their biggest profits on record last year on the back of a stock market surge, making a combined $67bn for investors, according to a report by Reuters citing data from LCH Investments.
Global hedge funds recorded an average gain of 2.14% last December according to the gross return of the SS&C GlobeOp Hedge Fund Performance Index for the month, while hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index declined by 2.37% in January.
Hedge funds continued their run of positive performance last December, notching up an overall weighted return of 2% for the month according to new data from Citco, the global alternative investment asset servicer with over $1.8tn in AUM.
Light Street Capital, a California-based alternative investment firm focused on equity investments in the technology and media sectors, posted a 46% gain for its Mercury hedge fund in 2023, according to a report by Reuters.
