Funds
San Francisco-based activist hedge fund firm ValueAct Capital, whose past targets have included Salesforce and Microsoft, scored a big gain form investors last year with the firm chalking up a 39% return, according to a report by Reuters.
Rokos Capital Management, the macro trading hedge fund firm founded by Chris Rokos, overturned early-year losses to end 2023 with an 8.8% gain, despite suffering a loss in the final month of the year, according to a report by Bloomberg.
Multi-strategy major Millennium Management has provided $3bn to support the launch of Taula Capital, a new macro hedge fund, by former Millennium portfolio manager Diego Magia, according to a report by the Financial Times.
Hedge fund performance surged through year-end, with December showing an acceleration in gains driven by a decline in inflation, falling bond yields, and structural developments in cryptocurrency, according to HFR.
Digital asset investment products saw inflows totalling $151m in the first week of 2024, bringing the total inflows since the Grayscale vs SEC lawsuit to $2.3bn, according to the latest Digital Assets Fund Flows weekly report from CoinShares.
Tiger Global Management recorded a 28.5% gain last year bringing to an end of two-year run of losses and putting the firm ahead of  number of big-name stock-picking peers including Viking Global Investors and Coatue Management, according to a report by Bloomberg.
A dramatic reversal in fortunes at macro trader Said Haidar’s Jupiter Fund has left investors nursing big double digital losses for last year, following record returns in the previous 12 month period, according to a report by Bloomberg.
While a long-running feud between Two Sigma Co-Founders John Overdeck and David Siegel was making headlines last year, the secretive quant major was quietly generating steady returns for its investors, according to a report by Business Insider.
Brevan Howard saw mixed results from its hedge funds last year with the firm’s digital currency fund surging to a 40%-plus gain while its flagship fund ended the year in negative territory, according to a report by Bloomberg.
Peconic Partners, the $1.5bn hedge fund firm founded by Bill Harnisch has upped its short wagers against US listed companies in the belief that the recent stock market rally will soon run out of steam, according to a report by Bloomberg.
