Funds
Hong Kong-based Infini Capital Management has added to competition in the multi-manager hedge fund sector with the launch of a new flagship fund, the Infini Global Master Fund, and is also planning on opening a new office Abu Dhabi, according to a report by Reuters.
Systematic long-short hedge funds which employ computer algorithms to trade equities registered a strong performance advantage over fundamental long-short funds run by humans in October, according to a report by Reuters.
Total net assets for liquid alternatives and non-traditional strategies rose to over $400bn during the third quarter of 2023, according to Morningstar’s latest Liquid Alternatives Observer, with all uncorrelated liquid alternative categories posting positive returns.
Half of systematic investors have already integrated artificial intelligence (AI) into their investment process, according to a new study by Invesco, the firm’s eighth annual Invesco Global Systematic Investing Study.
Hedge funds administered by the Citco group of companies (Citco) achieved a weighted average return of 0.01% overall in the third quarter, to push  year-to-date (YTD) returns to 8.12%, with global macro (3.07%) and fixed income arbitrage funds leading the way (3.02%).
Saba Capital, an American investment fund, is fundraising for a $500m fund that will look to take activist positions in UK investment trusts holding listed equity, according to a report by Investment Week.
Hedge funds have remained in the green, year to date with only two exceptions, according to a report by Forbes that cites data from Citco and the PivotalPath Composite Index.
Hedge funds are selling off their consumer staple stocks in the US, a move which is driven by concerns about how weight loss drugs will impact eating habits, according to a report by Reuters that cites data from a recent Goldman Sachs trade flow report.
Ironshield Capital Management LLP, a London based hedge fund manager, has announced the first close of its Ironshield Credit Opportunities Fund LP, with a €300m capacity.
European hedge funds are increasing their allocations to defensive stocks, while selling cyclicals in October, according to a report by Reuters that cites data from a recent Goldman Sachs trade flow report.
