Funds
Crypto hedge funds’ AUM jumped in Q4 2023 to $15.2bn, a 41.62% increase on the previous total of $10.75bn, with fundamental strategies holding $11.4bn, quant directional funds $1.8bn, and market neutral funds $1.9n, according to the 2024 Institutional Crypto Hedge Fund & Venture Report by digital assets platform Galaxy.
The SS&C GlobeOp Forward Redemption Indicator, which measures redemption notices received from investors in hedge funds administered by SS&C GlobeOp, measured 2.03% for January, down from 3.64% in December.
Catalyst Capital Advisors, a provider of alternative investment solutions, and Aspect Capital, a London-based systematic hedge fund manager, have partnered to launch the Catalyst/Aspect Enhanced Multi-Asset Fund.
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.
