Funds
SS&C Technologies Holdings’ SS&C GlobeOp Forward Redemption Indicator, a measure of the forward redemption notices received from investors in hedge funds administered on the SS&C GlobeOp platform, measured 3.49% in November, up from from 2.29% in October.
AlphaGrep Investment Management, the funds and portfolio management business of quantitative trading and investment management firm AlphaGrepm has raised over $100m for its flagship AlphaMarine Absolute Return Fund, according to a report by Business Today.
Several Middle East hedge fund firms including Waha Capital and Aventicum have recorded strong performance so far in 2023, according to a report by Business Insider citing data from HSBC’s latest Hedge Weekly Report.
Hedge funds have weighed in on bets on the “Magnificent Seven” tech stocks that have boosted portfolio returns this year, sending “crowding” to the highest level on record, according to a report by Reuters
Lacklustre returns and a 90% fall in assets in the last four years has prompted Blackstone to close down the Blackstone Diversified Multi-Strategy fund which provided investors with exposure to a range of hedge funds and other trading strategies, according to a report by The Financial Times.
Jim Chanos, founder of long-short hedge fund firm Chanos & Co (formerly Kynikos Associates), and famed for bearish bets against Enron and Tesla Inc, is shuttering his hedge funds after almost four decades of trading, according to a report by the Wall Street Journal.
A global macro trading team lead by Adrian Owens is joining global alternative investment manager Investcorp-Tages from GAM, with the team continuing to manage its existing GAM Star Global Rates UCITS fund, which will remain on the GAM UCITS platform .
Global alternative investment manager, Cheyne Capital, is looking to raise £7.5bn for the next iterations of its Cheyne Real Estate Credit Holdings (CRECH) programme to help fulfil UK and European borrower demand.
Macro strategies led hedge fund industry gains in October with the HFRI Macro (Asset Weighted) Index advancing +0.7% to record its third consecutive month of positive performance, bringing the trailing three-month return to an impressive gain of +4.2%.
Unlimited, an investment firm co-founded by former Bridgewater Associates executive Bob Elliott, is planning to launch a new tech-driven multi-manager-style hedge fund replication strategy, according to a report by MarketWatch.
