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Traders at leading hedge funds are now pocketing almost a quarter of the profits they generate for investors, according to report by the FT citing a Goldman Sachs report, as multi-manager firms like Citadel and Millennium extend their dominance in the sector.
D1 Capital Partners, the $24.5bn hedge fund firm founded by Dan Sundheim, is looking to raise more than $1bn for its first dedicated private equity fund, underscoring the growing pivot among hedge funds toward longer-duration, illiquid investments, according to a report by Bloomberg.
Elliott Investment Management, the $76bn multi-strategy hedge fund led by billionaire Paul Singer, is raising up to $7bn in a new drawdown vehicle, underscoring the firm’s readiness to deploy capital across opportunistic trades, according to a report by Bloomberg.
Man Group Plc, the world’s largest publicly traded hedge fund, reported record assets under management of $213.9bn in the three months to the end of September, driven by strong inflows into long-only strategies and a recovery in flagship quant funds, according to a report by Bloomberg.
India’s mutual fund industry is on the cusp of a major shift, as hedge fund-style strategies become available to a broader investor base following the launch of Specialised Investment Funds (SIFs) by the Securities and Exchange Board of India (SEBI) earlier this year.
3iQ Corp, a specialist in digital asset investment solutions, is partnering with Further, an institutional investment solutions provider, to launch a digital asset multi-strategy hedge fund designed for institutional and sophisticated investors.
Ankur Aneja, the former Managing Director in euro swaps trading at Barclays, has joined BlueCrest, Michael Platt’s hedge fund-turned-family office, according to a report by eFinancial Careers.
Two Sigma Investments is winding down its $120m Eclipse fund as part of an effort to simplify its fund structure. The closure scheduled for 31 December, 2025, with all investor interests being compulsorily redeemed, according to a report by Bloomberg.
Ken Griffin, founder of multi-strategy hedge fund major Citadel, has expressed skepticism over the ability of generative artificial intelligence to help hedge funds outperform the market, according to a report by Bloomberg.
Radiant World has hired Liam Brown, a former Millennium Management trader, as part of its European expansion into industrial and precious metals markets – marking another move by hedge fund talent into the physical commodities space, according to a report by Reuters.
