Managers
Cederberg Capital, a hedge fund focused on investments in Chinese stocks, has reduced its investor fees following continued poor returns due to China’s reluctance to lift strict Covid restrictions, according to a report by Today Online.
The report cites a letter to investors from hedge fund manager Dawid Krige informing them of a 25 basis point reduction in fees “given the difficulty our clients have endured over the past 21 months.” From 1 January, 202, fees for the firm’s China Class A and Class B vehicles will now be 1.25% and 1.0% cent respectively.
Cederberg Capital, which has around $1
Ikigai Asset Management, a California-based crypto hedge fund established by Travis Kling, has only managed to withdraw “very little” of the “large majority” of the firm’s assets from bankrupt FTX, according to a report by u.today.
Kling, a former portfolio manager at Steven Cohen’s hedge fund Point72, announced on Twitter that the fund is now “stuck alongside everyone else” following the collapse of Sam Bankman-Fried’s digital assets exchange.
Kling has accepted full responsibility for the loss of assets, tweeting on Monday that “I have publicly endorsed FTX many times and I am truly sorry for that. I was
LMR Partners has become the latest hedge fund to announce plans to open an office in Dubai following the likes of Millennium Management and ExodusPoint Capital Management in establishing a presence in the emirate, according to a report by Bloomberg.
Hedge funds Farallon Capital Management and Triatomic Capital are among the large investors to benefit from Elon Musk’s $44 billion deal to acquire Twitter having added positions in the company during the third quarter of the year, according to a report by EuroNews.
The report cites securities filings released on Monday as showing that Farallon Capital bought nearly 7.8 million shares of Twitter during the quarter that ending 30 September, while Triatomic acquired 40,000 shares strong the same period.
Billionaire investors Carl Icahn and Daniel Loeb, also bought millions of Twitter shares. The former acquiring 12.5 million shares, while Loeb’s
Bridgewater Associates chalked up further losses on its bets on Chinese stocks in the third quarter of the year as Beijing’s continuing zero-Covid policy and monetary tightening policy in developed markets prompted the biggest sell-off since 2015, according to a report by The South China Morning Post.
Reinsurance hedge fund Tangency Capital has raised an additional $200 million from investors, taking its total assets under management past $600 million, according to a report by Reuters.
The report cites Tangency co-founder Dominik Hagedorn as saying that the fundraising comes on the back of an anticipated sharp rise in premium rates in the property reinsurance market.
While large natural catastrophes such as September’s Hurricane Ian – which may lead to claims totalling up to $50 billion – have hit reinsurers hard, the losses, coupled with a reluctance on the part of reinsurers to increase their exposure, will likely mean
Crypto hedge fund Galois Capital, whose founder is credited with spotting the collapse of cryptocurrency luna and its linked stablecoin terraUSD, earlier this year, has confirmed that around half of its assets – up to $45 million – are trapped in collapsed cryptocurrency exchange FTX, according to a report by Bloomberg.
Singapore continues to attract new high-profile hedge fund business with Greg Coffey’s Kirkoswald Asset Management the latest firm to announce plans to open an office in the city-state, according to a report by Bloomberg.
Yanfu Investments, Ubiquant and Jun Ge Asset Management are among a host of China-based quantitative hedge funds that are re opening their funds to investors after freezing inflows last year to sidestep a widespread rout in Chinese stocks, according to a report by Bloomberg.
DLD Asset Management, a New York-based investment firm, has expanded its investment strategies with the launch of the DLD Master Fund, a relative value multi-manager platform.
