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Hedge funds, once the exclusive domain of institutional investors, are increasingly finding a place in the portfolios of high-net-worth individuals and private wealth clients, according to a report by FT Advisor.
Hedge funds recorded one of the strongest monthly inflows of recent years in May, with investors committing $6bn, according to the latest data from Citco, the asset servicer with more than $2tn in assets under administration.
BlackRock has launched its first Asia-Pacific market-neutral hedge fund aimed at retail investors in Singapore and Hong Kong, marking a significant push by the world’s largest asset manager into alternative strategies for wealth clients, according to a report by Business Times.
Marshall Wace has recorded one of its most lucrative crypto trades to date, netting approximately $700m in profits from its early backing of stablecoin issuer Circle Internet Group following the firm’s red-hot initial public offering, according to a report by Bloomberg.
BTIG, a specialist in institutional trading, investment banking, research and related brokerage services, has launched a dedicated Hedge Fund Solutions Group to provide comprehensive advisory services to hedge funds and family offices.
Toronto-based Picton Investments is doubling down on its artificial intelligence and tech innovation as part of a wider strategy to grow the business globally, according to a report by Bloomberg citing founder David Picton.
UniSuper, one of Australia’s largest superannuation funds, has seeded a new AUD500m hedge fund focused on the ASX 300, partnering with RQI Investors, the quantitative arm of First Sentier Investors, according to a report by Finance News Network.
Multi-manager major Schonfeld Strategic Advisors has anchored a new Abu Dhabi-based long-short equity fund with a $500m allocation, backing veteran Waha Capital Portfolio Manager Omar Newera, according to a report by Bloomberg.
Jonah Cheng, founder of tech-focused hedge fund Captain Global, has exited his long-held position in Nvidia, citing concerns over the semiconductor giant’s near-term outlook despite it being the most profitable trade of his career, according to a report by Bloomberg.
Pharo Management, a $7bn global macro hedge fund, is preparing to open an office in Abu Dhabi as it restructures operations for its Africa-focused investment team, according to a report by Bloomberg citing unnamed sources familiar with the matter.
