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King Street Capital Management, a US alternative investment firm operating arbitrage/relative value, event-driven, and directional strategies, has promoted Kris Mastronardi, the firm’s COO and Global Head of Strategy, to Partner.
JPMorgan Asset Management is launching a new strategy aimed at wealthy investors seeking to maximise after-tax returns, drawing on techniques popularised by quantitative hedge funds AQR Capital Management and Two Sigma Investments, according to a report by Bloomberg.
Crypto hedge funds are facing their toughest year since the 2022 market crash, as extreme price swings, thin liquidity, and political shocks have disrupted strategies across the sector, according to a report by the Economic Times.
Ken Griffin’s Citadel is set to return approximately $5bn of profits to hedge fund investors, reducing assets under management to around $67bn, according to a report by CNBC citing an unnamed person familiar with the matter.
Alan Howard, co-founder of hedge fund firm Brevan Howard Asset Management, has become a resident of Switzerland, joining a growing list of hedge fund founders and financial entrepreneurs relocating from the UK in response to sweeping tax changes, according to a report by Bloomberg.
Citadel’s flagship fund looks set to record its lowest annual return in seven years this year amid a fall in gains from its gas trading bets, formerly a major source of profits for the multi-strategy major, according to a report by Bloomberg.
Hedge funds have turned increasingly cautious on US healthcare stocks, stepping up short positions as political uncertainty builds around the future of government health insurance subsidies, according to a report by Reuters citing a note from Goldman Sachs.
Man Group, the world’s largest listed hedge fund firm, has launched two additional ETFs, Man Active Emerging Markets Alternatives ETF and Man Active Trend Enhanced ETF bringing the firm’s ETF offering in the US wealth market to four funds.
Michael Hintze’s newly launched hedge fund, Deltroit Asset Management, could face exposure to historic tax liabilities linked to his former firm, CQS, as a closely watched UK Supreme Court case approaches, according to a report by Bloomberg.
Activist investor Trian Fund Management and venture capital firm General Catalyst have agreed to acquire global asset manager Janus Henderson in a deal valuing the firm at $7.4bn, bringing to an end a more than five-year activist campaign by Nelson Peltz’s hedge fund, according to a report by Reuters.
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