Funds
Pictet Asset Management has expanded its $9bn actively managed Total Return franchise with the launch of the Lotus Offshore Fund Ltd, an event-driven, special situations Asia Long/Short equity fund, offered as a quarterly-dealing Cayman-domiciled strategy.
The Noble Absolute Return ETF (NOPE), an exchange traded fund launched by hedge fund veteran George Noble in September last year to provide “access to strategies that are typically not available to average investors”, is to liquidate after less than a year, according to a report by Bloomberg.
TOP STORY: Saba Capital Management, the hedge fund firm founded by Boaz Weinstein, has seen its flagship hedge fund rack up losses of 7.7% so far this year after bearish bets backfired amid the recent stock market rally, according to a report by The Financial Times.
Saba Capital Management, the hedge fund firm founded by Boaz Weinstein, has seen its flagship hedge fund rack up losses of 7.7% so far this year after bearish bets backfired amid the recent stock market rally, according to a report by The Financial Times.
Viking Global Investors, US-based hedge fund founded by ‘Tiger Cub’ Ole Andreas Halvorsen in 1999, has reopened its flagship long/short hedge fund to new capital after being closed for over a decade, according to a report by Reuters.
Rokos Capital Management’s macro hedge fund, which is one of the world’s biggest with $14bn in assets, has fully recouped the losses it suffered  earlier in the year having racked up a gain of  3.7% in July, according to a report by Bloomberg.
Hedge funds extended their June performance surge through July, again led by technology, AI and growth, with gains in these areas complemented by shareholder activist, financials and commodity sub-strategies, according to data from HFR.
The rollercoaster ride at Haidar Capital Management continued in July with the firm’s flagship macro hedge fund, the Haidar Jupiter Fund, raking up a loss of 14% over the month, partly reversing its 27% surge in June, according to a report by Bloomberg.
Poor performance and difficulties in accessing banking services has seen aground 13% of crypto hedge funds shut up shop so far this year, according to a report by Bloomberg citing data from Swiss investment adviser 21e6 Capital.
A total of $600m has now been withdrawn from Odey Asset Management’s funds in the wake of multiple allegations of sexual assault and misconduct levelled against the firm’s founder Crispin Odey, according to a report by MorningStar.
