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In a year marked by steady gains, October proved exceptional for Schonfeld Strategic Advisors as the $11.6bn New York-based hedge fund continued its strong growth trajectory since opting out of a potential acquisition by rival Millennium a year ago, according to a report by Business Insider.
The rally in distressed emerging-market debt is expected to continue, with potential for further gains in countries like Argentina and Ukraine, according to a report by Bloomberg citing Sandglass Capital Advisors – a top-ranked hedge fund in the asset class.
AI-driven trading firm Quadrature Capital Limited has reported a steep 76% drop in pre-tax profits from £231m in 2023 to £56m in the year ending January 2024, due to a recent corporate restructuring, according to a report by the Financial Times.
Paul Goldschmid, a senior partner and longtime key player at King Street Capital Management, is set to depart from the $26bn hedge fund, where he has been instrumental in managing the firm’s credit-focussed funds, to start his own venture, according to a report by Bloomberg.
Hedge funds have historically performed better when a Democrat is in the White House, according to a report by Reuters citing data released on Tuesday by research firm Hedge Fund Research (HFR), as US voters headed to the polls.
Greenlight Capital began the fourth quarter with a positive start, posting a 1.9% gain in October, while the S&P 500 by comparison fell by 0.9%, and the Nasdaq Composite gained 1%, according to a report by Institutional Investor.
Hong Kong-based hedge fund Zeal Asset Management, which focuses mainly on Chinese equities, is to cease operations next year, and return over $1.6bn in capital to investors as its founders prepare for retirement, according to a report by Reuters.
Following the sudden collapse of Simon Sadler’s Segantii Capital in May, numerous former employees have swiftly transitioned to new roles at rival hedge funds, with Jain Global and BlueCrest among the most active in recruiting them, according to a report by eFinancial Careers.
The recent record level of US Treasuries basis trade bets by hedge funds has attracted increased regulatory attention, with global financial watchdog the Financial Stability Board (FSB) considering an investigation into the strategy, according to a report by Bloomberg.
Digital asset investment products saw inflows of $2.2bn last week, bringing year-to-date inflows to a record-breaking $29.2bn, according to the latest Digital Assets Fund Flows Weekly Report from CoinShares.
