Funds
Citadel’s multi-strategy flagship Wellington fund scored a 1.7% gain in September as tight monetary policy and rising fears of a US recession rattled the broader market, taking YTD returns to 12.6%, according to a report by CNBC.
New hedge fund launches surged through mid-2023 as managers shifted the strategic growth focus to aggressive expansion of inflation trading teams in multi-strategy funds designed for and positioned to trade volatility driven by rising rates and generational inflation.
Digital asset investment products saw positive flows last week for the first time in six weeks, pulling in a combined $21m, according to the latest Digital Assets Fund Flows Weekly report from CoinShares.
Link Fund Solutions has completed the rebranding of three Odey AM and Brook AM funds with LF Odey Opus becoming LF Lancaster Global Equity, LF Brook Continental European renamed as LF Ardtur Continental European, and LF Brook Absolute Return as Lancaster Absolute Return, according to a report by InvestmentWeek
Funds of hedge funds had a positive first half of the year, with the average fund returning 2.87% to the end of June, amid a broad resurgence for the asset class, according to the latest Fund of Hedge Fund Update from alternative investment asset servicer Citco.
Investors continued to pull cash from hedge funds in August redeeming an estimated $6.10bn to extend the current run of overall withdrawals to 15 months, according to the latest Hedge Fund Industry Asset Flows Report from Nasdaq eVestment.
Emerging Markets hedge funds extended gains through mid-2023 with India and Latin America funds leading the way against a backdrop of persistently high inflation and the possibility of a US recession, according to the latest performance data from HFR.
Former Morgan Stanley currency trader Thiago Melzer, is set to close his Brazilian hedge fund, Upon Global Capital, having been hit by a double whammy of wrong-way wagers and rising double-digit interest rates in Brazil, according to a report by Bloomberg.
Bitcoin and ether will sustain their strong performance for the rest of this year, according to Nickel Digital Asset Management, a London-based regulated digital assets hedge fund manager. Nickel research has found that institutional investors and wealth managers are confident about digital asset performance.
Former Deutsche Bank colleagues Michael Sutton and Alex Mahler are teaming up again at Mahler’s Alinor Capital Management to launch a new distressed debt hedge fund, which is expected to be one of the largest European hedge fund launches of the year, according to a report by Bloomberg.
