Latest News
Millennium Management has committed more than $3bn of capital to two external hedge fund managers, continuing the $84bn AUM firm’s strategy of backing specialist teams as part of its multi-manager platform, according to a report by Bloomberg.
Dubai’s status as a global hedge fund hub continues to strengthen, with the number of hedge funds operating in the Dubai International Financial Centre (DIFC) exceeding 100 for the first time, according to a report by Bloomberg.
Hedge fund performance and inflows strengthened into year-end, according to the latest SS&C GlobeOp indices, with the firm reporting a 1.22% gross return for November and continued positive capital movements in December.
A growing number of hedge funds – including Elliott Investment Management, Man Group and an AQR Capital Management affiliate – are returning to appraisal arbitrage, a strategy that challenges M&A deal prices in Delaware’s Chancery Court in pursuit of higher valuations, according to a report by Bloomberg.
Major multi-strategy hedge funds firms are continuing to expand their technology capabilities, with both Millennium Management and Citadel adding senior engineering talent in New York, according to a report by eFinancial Careers.
London-based Nickel Digital Asset Management, one of Europe’s leading regulated multi-manager digital assets hedge funds, is reopening its systematic Diversified Alpha Fund to new and additional subscriptions from 31 December 2025, after a period of strong performance and expansion.
Former Franchise Group chief executive Brian Kahn has pleaded guilty to participating in a years-long scheme that defrauded hedge fund investors of roughly $300m, a scandal that ultimately helped bring down both Prophecy Asset Management and FRG, according to a report by Bloomberg.
Blockstream Capital Partners is expanding its institutional investment platform with the acquisition of Corbiere Capital Management, a Jersey-based equities and event-driven hedge fund firm founded by former BlueCrest CIO Rodrigo Rodriguez.
Ilex Capital Partners, the equity long-short multi-manager launched in London by former Citadel traders Jonas Diedrich and Dave Sutton, has grown to around $7bn in assets following a fresh capital raise and continued performance gains, according to a report by Bloomberg.
New hedge fund launches are on the increase across Dubai and Abu Dhabi, as Senior Portfolio Managers from global multi-strats set up their own ventures – with many backed not by local sovereign wealth, but by major allocators in the US and Europe, according to a report by Bloomberg.
