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RPD Fund Management’s RPD Fortress Fund, which combines deep-value equity research with cash-covered option writing, has continued its consistent performance streak, delivering positive returns in 32 of the 33 months since its inception.
UK-based hedge fund giant Marshall Wace delivered solid returns in October, with two of its flagship strategies posting gains amid a strong year for systematic equity trading, according to a report by Reuters citing an unnamed source familiar with the matter.
Brevan Howard, one of the world’s largest hedge funds, has made a $200m allocation to Catalio Capital Management’s Public Equities Fund, a healthcare-focused strategy, according to a report by Reuters, citing people familiar with the matter.
Hedge funds continued their strong run in October, with the HFRI Fund Weighted Composite Index (FWC) advancing for the sixth consecutive month, led by Macro and Healthcare-focused strategies, according to new data from hedge fund fund index and analysis specialist HFR.
UBS Group AG is liquidating two hedge funds at its Chicago-based O’Connor business after losses tied to the bankrupt auto-parts supplier First Brands Group, marking one of the first signs of strain for investors exposed to the company, according to a report by Bloomberg.
Hedge funds are increasingly taking short positions in Xiaomi Corp, according to Goldman Sachs, as investors grow cautious ahead of the Chinese tech and EV company’s third-quarter earnings, according to a report by Bloomberg citing data from Goldman Sachs.
Multi-strategy hedge fund major Citadel’s flagship Wellington fund delivered a 1.8% gain in October, extending its strong performance for the year, according to a report by Reuters citing an unnamed source familiar with the matter.
Two US regional lenders – First Interstate BancSystem and Columbia Banking System – have averted proxy battles with activist hedge fund HoldCo Asset Management, after the banks made strategic concessions that addressed the fund’s demands, according to a report by Reuters.
Point72 Asset Management, the $41.5bn hedge fund led by billionaire Steve Cohen, is planning to expand into private credit, joining a growing number of hedge funds targeting longer-term, less liquid markets, according to a report by Bloomberg.
A growing share of global hedge funds are gaining exposure to digital assets, with 55% of funds now invested in crypto, up from 47% last year, according to a new report by the Alternative Investment Management Association (AIMA) and PwC.
