Managers
Bobby Jain has raised $5.3bn in commitments for his new multi-strategy hedge fund, marking the largest hedge fund launch since ExodusPoint Capital Management’s 2018 debut, according to a report by Bloomberg.Â
Activist hedge fund firm Engine Capital has acquired a stake of just under 5% in C&C Group, the FTSE 250-listed manufacturer of Magners Irish Cider, according to a report by Bloomberg.Â
Global strategy consulting firm Stax has opened a new office in London, following the January hiring of Phil Dunne as managing director to lead the firm’s UK and EMEA practice.Â
Prime broker challengers like Cantor Fitzgerald, Interactive Brokers and StoneX are gaining ground as they seek to attract smaller hedge funds that are often underserved by major banks, according to a report by Financial News.
Emerging markets hedge funds saw accelerated gains through mid-2024, according to the latest data from Hedge Fund Research.Â
Arrowpoint Investment Partners, one of Asia’s largest hedge fund launches this year, has secured investment from the Canada Pension Plan Investment Board and a unit of Singapore’s Temasek Holdings, according to a report by Reuters.Â
Electron Capital Partners’ Global Fund is poised for its best performance in four years, rebounding from last year’s losses with a strong start in 2024, according to a report by Institutional Investor.Â
TOP STORY: Bobby Jain, founder and CEO of New York-based hedge fund firm Jain Global, said that hedge funds face growing competition from private credit firms for investor capital, on a panel at the UBS Singapore Family Wealth Forum on Thursday, according to reports.Â
Crypto hedge funds have dramatically reduced their bitcoin exposure to levels not seen since October 2020, according to a report by The Block citing recent data from ETC Group.Â
TOP STORY: Earlier this year, Bayview Asset Management structured two re-securitisation trades worth $642m, the structures of which were modelled after similar pre-2008 financial crisis transactions by a major US bank, according to a report by Reuters.Â
