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Asian hedge funds achieved their strongest performance in 15 years in 2024, leveraging market volatility, winners in China’s uncertain economy, and opportunities in artificial intelligence (AI), according to a report by Reuters.
Former Credit Suisse star trader Hamza Lemssouguer’s hedge fund, Arini, has delivered another impressive double-digit return, propelling the firm’s assets to nearly $7bn after just three years of operation, according to a report by Bloomberg.
US-based Hudson Bay Capital Management, UK’s Sona Asset Management, and New York-headquartered Centiva Capital are establishing a presence in Hong Kong, offering a boost to the city as it seeks to regain its standing as a premier financial centre in Asia, according to a report by Bloomberg.
Polar Asset Management Partners, one of Canada’s leading hedge funds, is advancing its growth strategy with a London office and a 15% increase in headcount since early last year, according to a report by Reuters.
The US Securities and Exchange Commission (SEC) has announced a settlement with hedge fund Two Sigma over charges related to its failure to address known vulnerabilities in its investment models, according to a report by Reuters.
Hedge funds saw a successful year in 2024, achieving average global gains of 12.1%. Equity long-short managers led the way, with several other strategies delivering double-digit returns, according to a report by Investing.com citing data from Goldman Sachs.
Steven Cohen’s Point72 Asset Management has achieved a 14% gain with its newly launched artificial intelligence (AI)-focused fund, reaching nearly $1.5bn in assets within just three months, according to a report by Reuters citing sources familiar with the matter.
European opportunistic credit manager Chepstow Lane Capital achieved net returns of 13.24% in 2024, according to a report by Bloomberg News citing an investor letter.
Janus Henderson’s CEO Ali Dibadj has urged investors to reject Saba Capital Management’s bid to target UK investment trusts, accusing the hedge fund of “betting on complacency,” according to a report by Reuters.
Hedge fund Third Point, known for its strategic investments, has appointed Joshua Targoff to the role of President as part of its strategy to expand its credit platform, according to a report by Reuters.
