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Macro hedge funds weathered a volatile May with largely positive results, underscoring the sector’s resilience in navigating unpredictable macroeconomic conditions. Rokos Capital Management led the pack with a +1.28% return for the month, bringing its year-to-date performance to +9.46%.
Hudson Bay Capital Management, the $20bn multi-strategy hedge fund, is expanding its Gulf presence by opening a new office in Abu Dhabi, marking its second outpost in the United Arab Emirates following its Dubai launch in 2023, according to a report by Bloomberg.
US distressed debt hedge fund Strategic Value Partners (SVP) is pushing back against Indian auto parts giant Samvardhana Motherson’s proposed $2bn takeover of Marelli, a Japanese car components supplier backed by KKR, according to a report by the Economic Times.
The United Arab Emirates is rapidly positioning itself as a global hedge fund centre, with a new report from IG Prime suggesting the country’s financial hubs – Dubai International Financial Centre and Abu Dhabi Global Market – could reshape the $4.5tn industry, according to a report by Arabian Business.
The Managed Funds Association has called on the UK government and regulators to overhaul the Alternative Investment Fund Managers Directive regime, proposing reforms that would reduce operational burdens for hedge funds while bolstering the UK’s global competitiveness.
Bobby Jain’s Jain Global has reported strong early results from its UK operation, with the London entity – Jain Global UK Partners – posting revenue of £56.8m between September 2023 and December 2024, according to a reports.
Hedge fund strategies across event-driven, equity hedge, and cryptocurrency led the industry’s performance gains in May, buoyed by easing volatility, improving macro sentiment, and continued momentum in equity markets, according to data from HFR.
Jorn Grodeland, a 17-year veteran of Brevan Howard, where he held a Portfolio Manager role, has joined ExodusPoint Capital Management, the New York-headquartered hedge fund firm founded by Michael Gelband and Hyung Lee.
TOP STORY: Traditional long-short equity hedge funds posted their first quarter of net inflows since 2022 in the first three months of the year, attracting $22.8bn – the largest inflows across any hedge fund strategy, according to a report by Business insider citing new data from Nasdaq’s eVestment.
BMO Global Asset Management has launched a new hedge fund product in partnership with Goldman Sachs Asset Management, aimed at bringing high-conviction hedge fund strategies to accredited Canadian investors seeking low volatility, uncorrelated returns.
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