Managers
While Chinese stocks have underperformed globally over the past year, a classic hedge fund strategy has seen impressive returns in the region with long-short trades returning over 10% through late June this year, according to a report by Bloomberg.
Ilex Capital Partners, one of the major hedge fund startups of last year, is in discussions to raise an additional $1.5bn in investment capital by the end of 2024, according to a report by Bloomberg.
Event-driven hedge fund firm Gates Capital Management, one of the largest shareholders of Outdoor sports and recreation brands owner Vista Outdoor, is opposing the proposed sale of the company’s shooting-related products division The Kinetic Group to Czechoslovak Group.
Family offices with assets in excess of $1bn are increasingly opting for quantitative trading strategies as a cost-effective alternative to traditional hedge funds, according to a report by Bloomberg citing a Citigroup executive.
Global hedge funds have been reducing their exposure to US stocks for five consecutive days amid a broad sell-off in megacap tech-related stocks, according to a report by Reuters citing a note from Goldman Sachs.
Segantii Capital Management has returned more than 90% of its client capital, just under two months after informing investors of its decision to return their funds, according to a report by the Business Times citing unnamed sources familiar with the matter.
GoldenTree Asset Management has held the closing of a €404m collateralised loan obligation to be managed by GLM III, bringing the total number of CLOs issued under the firm’s GLM CLO strategy to 28, totalling over $15bn.
Global hedge funds have reduced their exposure to US software stocks to “new multi-year lows” following a broader sell-off in the technology sector, according to a report by Reuters citing a recent note from Morgan Stanley’s prime brokerage division.
Astant Global Management, a macro-focused alternative investment manager based in London, is gearing up to launch a new quantitative hedge fund strategy later this year which will leverage proprietary AI models, according to a report by Alternatives Watch.
Hedge funds are currently holding the highest number of short positions in US corn futures on record, driven by expectations of increased supply and weak demand affecting prices, according to a report by Bloomberg.
