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During a stellar year for cryptocurrencies, hedge funds specialising in digital assets also posted strong performances – but many still fell short of matching the returns of the industry’s flagship token, bitcoin, according to a report by Bloomberg.
Clearwater Analytics is set to acquire Enfusion, a SaaS provider for investment management and hedge funds, in a deal valued at approximately $1.5bn.
London-based investment manager Downing has launched the new MGTS Downing Active Defined Return Assets Fund, aimed at institutional investors, discretionary fund managers, IFAs, and advised sophisticated individual investors.
Digital asset investment products recorded modest inflows of $48m last week, according to the latest Digital Asset Fund Flows Weekly Report from CoinShares.
Boaz Weinstein, the head of US hedge fund Saba Capital, has expressed his ambition to act as a “white knight” for UK investors and the London Stock Exchange by investing in the £266bn UK investment trust sector, according to the Financial Times.
Tristan Faber has joined Jain Global in London as the hedge fund’s Head of Platform, having spent two years leading the core quantitative platform for Point72’s macro team, according to a report by eFinancialCareers.
Eisler Capital has appointed two new Portfolio Managers: Gregory Bugaj, who joined this month in New York to oversee commodities portfolios, and Michael Pinelli, who will manage financial services portfolios, according to a report by eFinancial Careers.
Global hedge funds ramped up their bets against US stocks in the week leading up to 9 January, anticipating a strong US jobs report that triggered a Wall Street sell-off, according to a report by Reuters citing notes from Morgan Stanley and Goldman Sachs.
Quant hedge funds had a strong showing in 2024, much like their counterparts in the multistrategy space, as algorithm-driven firms achieved double-digit gains across various strategies, according to a report by Business Insider.
Scott Bessent, President-elect Donald Trump’s nominee for Treasury Secretary, plans to resign from macro hedge fund Key Square Group and divest his assets to prevent conflicts of interest if confirmed by the Senate, according to a report by Bloomberg.
