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Hedge funds are entering 2026 with strong momentum after delivering double-digit returns last year and exceeding allocator expectations, according to a new survey by Goldman Sachs of pension funds, family offices, funds of funds, and other pools of capital.
Most life sciences and biopharma hedge funds started 2026 on the back foot, giving up ground in January after one of the strongest years on record for the sector with the pull-back coming despite a 2.5% gain in the Nasdaq Biotechnology Index, according to a report buy Institutional Investor.
Multi-strategy major Millennium Management has increased its capital backing for Engineers Gate, adding a further $300m to the platform earlier this year, according to a report by Bloomberg citing unnamed sources familiar with the matter.
Hedge funds are reversing bearish positions on the Japanese yen, ramping up bets on currency strength as the “buy Japan” trade gathers momentum and policymakers reiterate their readiness to intervene in foreign-exchange markets, according to a report by Bloomberg.
Citadel has accused former portfolio manager Daniel Shatz, now head of global credit at Marshall Wace, of violating employment agreements and misappropriating confidential information to set up a competing team, according to a report by Bloomberg.
Hedge fund Seer Capital Management LP is ramping up purchases of significant risk transfers (SRTs) as it seeks to appeal to investors looking for loan exposure without taking on the full risks of direct private credit, according to a report by Bloomberg.
Neuberger Berman has agreed to assume control of MIO Partners, the $20bn investment arm of McKinsey & Co, in a transaction that brings one of the most established in-house hedge fund and alternative investment platforms under the ownership of a global asset manager, according to a report by Bloomberg.
Lone Pine Capital has promoted long-time investor Rahul Anne to portfolio manager, marking the first such appointment at the $19bn hedge fund founded by Stephen Mandel Jr in more than a decade, according to a report by Business Insider.
Blackstone is folding its hedge fund seeding operation into its $60bn Absolute Return platform, a move designed to give the firm greater scale as competition intensifies among multi-strategy managers seeking to attract and retain trading talent, according to a report by Bloomberg.
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