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Hedge fund Saba Capital Management is planning to offer shareholders of Herald Investment Trust a full cash exit near the Trust’s net asset value if its efforts to overhaul the Board of Directors is successful.
Hedge funds gained in December to conclude a volatile year, navigating election and geopolitical risks, falling but persistent inflation, and surging cryptocurrency prices, with macro and arbitrage strategies leading the way, according to the latest data from HFR.
Crypto derivatives exchange BitMEX is launching Multi Asset Margining, a new feature allowing traders to use multiple margin currencies – including USDT, USDC, ETH, and XBT – to trade derivatives contracts without the hassle of asset conversions or wallet transfers.
Aaron Weiner, a former partner at Coatue Management, is launching a new long-short equity hedge fund, Atlantic Wolf Capital, with $3bn in initial capital provided exclusively by Izzy Englander’s Millennium Management, according to a report by Bloomberg.
Partners at Brevan Howard Asset Management saw their compensation drop significantly in the past year, reflecting a decline in revenue and operating profit at the hedge fund founded by billionaire Alan Howard, according too a report by Financial News.
Rokos Capital Management, the hedge fund founded by former Brevan Howard trader Chris Rokos, reported a sharp increase in remuneration for its highest-paid member, who earned £110.2m in the year ending 31 March 2024 – a 312% rise from £26.7m the previous year, according to a report by Financial News.
Paragon Capital Management, a Singapore-based asset manager which offers a range of hedge funds, equity funds, and real estate funds, has opened its first overseas office in Hong Kong as it seeks to tap into the region’s growing pool of high net worth individuals.
Said Haidar, a hedge fund manager renowned for his high-leverage macro trading strategies, is enduring the most severe downturn of his career, with his flagship Haidar Jupiter fund posting a staggering 32.7% decline in 2024, according to a report by Bloomberg.
BlueCrest Capital Management, Michael Platt’s hedge fund-turned-family office, delivered a stellar 38% return last year, outperforming many peers in a volatile market, according to a report by Bloomberg.
Point72 Asset Management, the hedge fund founded by Steve Cohen, is entering the booming private credit market with a new strategy headed by Todd Hirsch, a former Senior Managing Director at Blackstone, according to a report by Reuters citing an internal company statement.
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