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Hedge fund performance dipped last month with a weighted average return of -0.3% after a strong start to the year, with several strategy types – including commodity and equity strategies – experiencing a negative month, according to the latest data from asset servicer Citco.
Digital asset investment products saw a fifth consecutive week of outflows last week, totalling $1.7bn, and bringing the total outflows over this negative run to $6.4bn, according to the latest Digital Assets Fund Flows Weekly report from CoinShares.
Hedge fund giant Citadel has hired John Szatmary, a longtime Google engineering leader, as its new Head of Product Security. Szatmary, who is based in New York, has over eight years of experience in the tech sector, according to a report by eFinancial Careers.
UBS Group AG is closing its outsourced trading desk, one of the largest such offerings on Wall Street, as it refocuses its global markets strategy. The bank has begun informing clients of the decision, giving them three months to find an alternative provider, according to a report by Bloomberg.
Bridgewater Associates’ Pure Alpha II fund has surged 11.3% year-to-date, capitalising on market turbulence triggered by President Donald Trump’s trade policies, according to a report by Bloomberg citing a source familiar with the fund’s performance.
Polymer Capital Management, a Hong Kong-based hedge fund with $4bn in assets, is set to launch two Japan-focused funds this year, capitalising on growing investor demand for the world’s third-largest stock market, according to a report by Reuters.
Britain’s water regulator, Ofwat, has come under fire over claims that it has allowed hedge funds and other creditors to assume control of Thames Water without a formal transfer of ownership, according to a report by the Financial Times.
Stephen Peyser has joined multi-strategy hedge fund major Balyasny Asset Management as the firm’s new Global Head of Trading and Capital Markets, effective last month, according to a report by eFinancialCareers.
DBi has launched Europe’s first exchange-traded fund designed to replicate the performance of managed futures hedge funds – at a fraction of the cost – marking a significant milestone for the region’s liquid alternatives market, according to a report by the FT.
Russell Clark, the prominent short seller who took a step back from the hedge fund world three years ago, is coming out of retirement to launch a new hedge fund, hoping to capitalise on the market turbulence caused by President Donald Trump’s re-election, according to a report by Bloomberg.
