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Hedge funds including Coatue Management and Lone Pine capital, known for their tech-centric investments, are turning their attention to utility and power companies because of their critical role in generative AI operations, according to a report by the Wall Street Journal.
Caxton Associates, one of the world’s leading macro hedge funds, has reported a sharp decline in profitability, with profits plunging nearly 80% over a volatile 15-month period ending 31 March, according to a report by Financial News.
Crypto-focused hedge funds have outperformed the broader hedge fund industry’s 10% growth, achieving strong returns of 46% in November and 76% YTD, with Brevan Howard Asset Management and Galaxy Digital among the biggest winners, according to a report by the Financial Times citing data from Hedge Fund Research.
Digital assets market maker Keyrock has achieved Enhanced PSAN registration from the French Autorité des Marchés Financiers and secured registration under the TVTG, administered by the Financial Market Authority in Liechtenstein.
Tradeweb Markets, a global specialist in electronic marketplaces for rates, credit, equities, and money markets, has appointed Enrico Bruni and Troy Dixon as Co-Heads of Global Markets, effective January 2025.
Bitcoin’s recent surge to over $107,000 and its 150% year-to-date gain are driving a significant rise in enquiries from new investors, according to digital assets hedge fund firm Nickel Digital Asset Management.
Hedge fund professionals are anticipating bonus increases of 65% in January 2025, according to data from financial services careers platform eFinancialCareers, with the expected bonus growth exceeding the global average by over 15%.
Digital assets derivatives exchange Deribit has added support for the Pax Gold (PAXG), a token created by Paxos that is backed 1:1 by a fine troy ounce of LMBA good delivery gold vaulted in London.
Hedge fund performance rallied by 2.4% in November 2024, following a down month in October, according to the latest Monthly Hedge Fund Update from Citco, achieving an overall weighted average return of 13.3% in 2024 to date.
JJJ Capital Management, a hedge fund founded by former traders from Moore Capital Management, is setting up operations in Dubai, becoming the latest firm to join the growing hedge fund migration to the United Arab Emirates.
