Funds
While a long-running feud between Two Sigma Co-Founders John Overdeck and David Siegel was making headlines last year, the secretive quant major was quietly generating steady returns for its investors, according to a report by Business Insider.
Brevan Howard saw mixed results from its hedge funds last year with the firm’s digital currency fund surging to a 40%-plus gain while its flagship fund ended the year in negative territory, according to a report by Bloomberg.
Peconic Partners, the $1.5bn hedge fund firm founded by Bill Harnisch has upped its short wagers against US listed companies in the belief that the recent stock market rally will soon run out of steam, according to a report by Bloomberg.
D1 Capital Partners, the hedge fund firm founded by Dan Sundheim, ran into trouble with its private equity and venture capital bets for the second year running in 2023, with the firm making down the value of 49 companies in its portfolio, according to a report by Bloomberg.
Hilbert Capital, a quantitative investment company specialising in algorithmic trading strategies in digital asset markets, recorded a 92.7% gain with its long-only, non-levered Hilbert V100 Fund in 2023.
Bridgewater Associates’ flagship macro hedge fund, the Pure Alpha II Fund, saw 7.5% of YTD gains wiped out in the final two months of last year to finish 2023 with a 7.6% decline, according to a report by Bloomberg.
Pershing Square Capital Management, the hedge fund firm founded by Bill Ackman, bounced back from its loss-making 2022, with a return of 26.7% last year, beating the broader stock market, according to a report by Reuters.
Ken Griffin’s Citadel outperformed several big name multi-strategy rivals, including Millennium Management and Eisler Capital, in a challenging 2023, chalking up a 15.3% return for its main Wellington hedge fund, according to a report by Reuters.
Hedge fund withdrawals slowed significantly in November to an estimated $4bn from the $7.6bn seen in the previous month as customer interest rose to the highest level in 2023, according to a report by Reuters.
Investors in DE Shaw’s largest hedge fund saw a return of almost 10% in 2023, after fees, as multi-strategy and macroeconomic funds chalked up mixed performance during a year of volatile trading conditions, according to a report by Reuters.
