Funds
Many of the global hedge fund industry’s large multi-strategy firms rose to the trading challenges presented by a difficult October and ended the month in positive performance territory, according to a report by Reuters.
Eisler Capital the London-based multi-strategy hedge fund firm founded by Edward Eisler, posted its best monthly return of the year in September with a 1.29% gain taking the fund’s YTD performance to 5.4%, according to a report by Reuters.
Hedge funds lost money in September, according to SS&C Technologies, with the gross return of the S&C GlobeOp Hedge Fund Performance Index measuring -0.24% for the month. Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index declined 0.98% in October.
Hong Kong-based Infini Capital Management has added to competition in the multi-manager hedge fund sector with the launch of a new flagship fund, the Infini Global Master Fund, and is also planning on opening a new office Abu Dhabi, according to a report by Reuters.
Systematic long-short hedge funds which employ computer algorithms to trade equities registered a strong performance advantage over fundamental long-short funds run by humans in October, according to a report by Reuters.
Total net assets for liquid alternatives and non-traditional strategies rose to over $400bn during the third quarter of 2023, according to Morningstar’s latest Liquid Alternatives Observer, with all uncorrelated liquid alternative categories posting positive returns.
Half of systematic investors have already integrated artificial intelligence (AI) into their investment process, according to a new study by Invesco, the firm’s eighth annual Invesco Global Systematic Investing Study.
Hedge funds administered by the Citco group of companies (Citco) achieved a weighted average return of 0.01% overall in the third quarter, to push  year-to-date (YTD) returns to 8.12%, with global macro (3.07%) and fixed income arbitrage funds leading the way (3.02%).
Saba Capital, an American investment fund, is fundraising for a $500m fund that will look to take activist positions in UK investment trusts holding listed equity, according to a report by Investment Week.
Hedge funds have remained in the green, year to date with only two exceptions, according to a report by Forbes that cites data from Citco and the PivotalPath Composite Index.
