Funds
Rokos Capital Management, the hedge fund firm founded by macro trader Chris Rokos, recorded a 2.4% gain for its flagship fund in September, taking YTD gains to 7%, despite double-digit losses earlier this year, according to a report by Bloomberg.
The transfer of funds from Odey Asset Management, in the wake of multiple allegations of sexual assault against the founder Crispin Odey, is continuing, with the firm confirming that the Odey Opportunity Fund and manager Geoffrey Marson have moved to Cannacord Genuity.
Dynamic Funds has added to its liquid alternatives offering with the launch of the Dynamic Credit Opportunities Fund which will seeks to generate absolute returns over a complete market cycle through long and short positions in primarily corporate debt securities.
As investors adjust to the prospect of a period of higher-for-longer interest rates, they are expecting hedge funds to generate higher returns, according to a report by Reuters citing a new survey by BNP Paribas.
Poor performance and investor withdrawals have seen assets at Pelham Capital, one of London’s major equity hedge fund sector players, plummet by more than three-quarters over the past three years, according to a report by The Financial Times.
Digital asset investment products saw inflows for the second week totalling $78m, the highest level seen since July, according to the latest Digital Asset Weekly Fund Flows report from CoinShares.
Macro hedge funds posted uncorrelated gains and strong outperformance as volatility accelerated through September, with equities and bonds posting steep, correlated declines, according to the latest data from HFR.
Global hedge funds upped their bullish positions in banks, insurance companies, and other capital markets stocks towards the end of September as they looked to cash in on gains driven by the prospect of prolonged higher interest rates, according to a report by Reuters.
Odey Asset Management’s flagship European Inc hedge fund is to be relaunched at Bainbridge Partners with manager Freddie Neave joining the firm too, after talks over a transfer to Landseer Asset Management collapsed, according to a report by Bloomberg.
Joeri Jacobs is leading a group of Moore Capital traders who are spinning out from Louis Bacon’s global macro hedge fund firm to launch their own fund, JJJ Capital, with the backing of their former employer, according to a report by Bloomberg.
