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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.
Visio Lending, the mortgage lending division of Visio Financial Services, has appointed Jenny Coupland, the former Managing Director of Private Investment at credit hedge fund Beach Point Capital Management, as the firm’s new Chief Executive Officer.
York Capital Management’s Asia hedge fund spinoff, MY.Alpha Management HK Advisors, is raising funds for a new venture aimed at capitalising on South Korea’s corporate value-boosting measures, according to a report by Bloomberg.
Crestline Summit, the hedge fund division of Crestline Investors focused on public markets, has officially rebranded as SummitTX, independently registering as a SEC Registered Investment Adviser overseeing the SummitTX Funds at the same time, according to a report by BusinessWire.
Ken Griffin’s Citadel has raised $1bn through the sale of high-grade bonds on Wednesday to fund a payout to its owners, according to a report by Bloomberg UK.
A year after posting his first-ever annual loss, Brazilian hedge fund manager Rogerio Xavier, the Co-Founder of SPX Capital, saw the SPX Raptor fund – a variant of its flagship Nimitz fund – outperform 96% of its peers, according to a report by Bloomberg.
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