Managers
Traditional hedge fund managers charged an average management fee of 1.8% annually in 2023, while managers offering bespoke strategies charged significantly less, with an average fee of 0.9%, according to the 2023 Seward & Kissel Established Manager Hedge Fund Study.
Special situations and event-driven hedge fund Irenic Capital Management has urged Kinaxis to conduct a strategic review, while cautioning the Canadian software company’s board against making “reactive decisions” or taking “half measures”, according to a report by Reuters.
Hedge funds and other investment firms are expected to significantly increase their budgets in 2025 for alternative datasets, which provide insights through data from sources like cell phone geolocation, credit card transactions, and satellite imagery, according to a report by Business Insider.
Kuvari Partners, the hedge fund founded by Vikram Kumar, is set to return all external capital as the firm transitions into a family office amid mounting pressure on smaller hedge funds from the dominance of multi-strategy hedge fund giants, according to a report by Bloomberg.
Steve Cohen, the founder of US hedge fund major Point72 Asset Management, is stepping away from trading to focus on overseeing the firm he established a decade ago, including remaining actively involved in investment decisions as Co-Chief Investment Officer, according to a report by Bloomberg.
Philip King’s Regal Partners Ltd has made a bid to acquire rival Platinum Asset Management Ltd. as part of its aggressive expansion, which has seen its assets more than triple in the last two years, according to a report by Bloomberg.
Hedge funds have returned to buying financial sector stocks at the fastest pace since June 2023, with a particular focus on banks, insurance, and trading firms, according to a report by Reuters citing a note from the prime brokerage division at Goldman Sachs.
As China’s efforts to prop up the yuan begin to fade, data due out this week is expected to confirm that a once-popular strategy among foreign investors has lost momentum in August, according to a report by Bloomberg.
The South Korean government has appealed a British court’s decision to dismiss its lawsuit aimed at overturning an international tribunal’s order to pay approximately $100m in damages to US hedge fund Elliott Investment Management, according to a report by the Korea Times.
Connecticut-based Bridgewater Associates, one of the world’s largest hedge fund managers, is expanding its office footprint with the opening of a new operation in New York. The firm is to lease space in Manhattan to complement its current HQ in Westport.
