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Dan Loeb’s hedge fund, Third Point, posted a 2.7% gain in October, bringing its year-to-date performance up to 18.4%, placing the firm within striking distance of its best annual return since 2021 when it recorded a 23.9% return, according to a report by Institutional Investor.
Perseverance Asset Management, one of China’s largest hedge funds with over RMB100bn ($14bn) under management, has advised some clients to consider taking profits due to rising risks tied to the return of Donald Trump to the White House, according to a report by Bloomberg.
Hedge funds posted declines in October amid mixed strategy performance as investors positioned for the US Presidential election amid ongoing conflicts in the Middle East and Ukraine and corporate earnings ranged widely from strong to weak, according to the latest data from HFRI.
The Haidar Jupiter Fund, the macro hedge fund led by Said Haidar, reported a 10.81% loss in October, bringing its year-to-date decline to 29.39%, according to a report by Institutional Investor citing a recent client email.
Hedge funds, including Arrowstreet Capital and Qube Research & Technologies, that bet against renewable energy stocks have seen profits soar by over $1.2bn following the steep sell-off in the sector triggered by Donald Trump’s election victory, according to a report by the Financial Times.
BlackRock is in preliminary discussions with Millennium Management to explore a potential strategic partnership that could see the world’s largest asset manager take a minority stake in one of the hedge fund industry’s most profitable firms, according to a report by the Financial Times.
Hedge funds, including London-based Clean Energy Transition, are eyeing buying opportunities after Donald Trump’s victory in the US presidential election sparked a sharp sell-off in stocks across the ESG investing space, according to a report by Bloomberg.
Mark Maislish, a former Goldman Sachs Managing Director, has joined Gibraltar-based online gaming company Pragmatic Play, following a short stint as a Portfolio Manager at multi-strategy hedge fund major Citadel, according to a report by eFinancial Careers.
Millennium has expanded its team in London with the recruitment of a veteran Portfolio Manager from multi-strategy rival Citadel, and two technologists from G-Research and BlueCove, according to a report by eFinancial Careers.
Diversified Energy Company was the most shorted UK listed company as of 5 November, according to new analysis by global exchange traded products provider GraniteShares, with 8.22% of the company’s stock having been loaned out by nine fund managers.
