Funds
After several years as the top choice for many hedge fund investors, multi-strategy, multi-manager firms including Schonfeld Strategic Advisors, Balyasny Asset Management, and ExodusPoint Capital Management, are trailing the returns of other types of fund, according to a report by Bloomberg.
The current “higher for longer” interest rate environment has created attractive opportunities for credit hedge funds that focus on distressed debt, and boosted profits this year, according to a report by The Financial Times.
Trium Capital, a multi-portfolio manager alternative asset management firm, has launched the Trium Multi-Strategy UCITS Fund, bringing a portfolio of liquid alternative strategies to its expanding European investor clientbase. Â
Reuben Abrams, a former portfolio manager at Singapore sovereign wealth fund GIC, is planning to launch a London-based long-short equities hedge fund by the end of 2023, according to a report by Reuters.
FIFTHDELTA, a long-short hedge fund founder by former Citadel traders Niall O’Keeffe and Tio Charbaghi, which was one of Europe’s biggest hedge fund launches in 2021, has seen YTD losses hit 25% after a 13% fall in July, according to a report by Bloomberg.
Investors in Lone Pine Capital, the hedge fund firm founded by Steve Mandel, made investment redemptions totalling around $3bn in the 12 month period to the end of June, despite performance recovering from a challenging 2022, according to a report by Bloomberg.
Digital asset investment products saw outflows totalling $168m last week, the highest level since the US regulatory crackdown on digital exchanges in March 2023, according to the latest Digital Assets Fund Flows report from CoinShares.
Two Sigma Investments’ flagship onshore China fund posted a record monthly gain in July on the back of a commodities rally and is now near the top of returns rankings for the year to date, according to a report by Bloomberg.
Templeton Global Income Fund has selected Saba Capital Management (Saba), a global alternative asset management firm specialising in credit relative value strategies and capital structure arbitrage, as its new investment adviser.
Violent swings in asset prices coupled with rapid shifts in investor interest rate expectations have impacted commodity trading advisers (CTAs) so far in 2023, making a repeat of last year’s bumper returns from bets on prevailing global market trends, increasingly unlikely, according to a report by The Financial Times.
