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Activist Gatemore Capital Management has appointed Casey Herren as its new Director of Business Development to lead partner relations and capital formation efforts, and support its turnaround, recovery, and growth opportunity-focused equities strategy across UK and US public markets.
Hedge funds gained 1.22% in September according to the gross return of the SS&C Technologies Holdings’ SS&C GlobeOp Hedge Fund Performance Index, while hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index declined 0.44% in October.
An FTX customer has filed a lawsuit against Olympus Peak, a hedge fund that bought his claim in the bankrupt cryptocurrency exchange, alleging that the fund underpaid him and is now set to profit more than $1m as a result, according to a report by Bloomberg.
North American hedge fund assets under management (AUM) reached $3.66tn by the end of 2023, an 8.3% increase from the $3.37tn seen in 2022, according to a report by Pensions & Investments online citing new data from alternative investments data provider Preqin.
Jun Bei Liu, the manager of one of Australia’s top -performing hedge funds, is set to leave Tribeca Investment Partners to establish her own investment firm after nearly 20 years with the company, according a report by Bloomberg.
Hedge funds have exited bearish positions on Brent crude at the fastest pace in nearly eight years, amid heightened geopolitical risks from the escalating conflict in the Middle East, according to a report by Bloomberg citing data from ICE Futures Europe.
A leading Chinese hedge fund, which has surged more than 800% over the past seven years, is taking advantage of the recent dip in Hong Kong-listed Chinese tech stocks, seeing their valuations as still attractive despite a strong rally this year, according to a report by Bloomberg.
Commodity trading advisors and trend-following hedge funds made a significant comeback in September, with Quantedge Global Fund, which gained over 8% over the month, bringing its year-to-date return to 29.36%, leading the way, according to a report by Institutional Investor.
Multi-strategy hedge fund firm DE Shaw has nominated three directors to the board of Air Products and Chemicals after building a $1bn stake in the business, and is urging the company to return to its historically successful business practices, according to a report by NBC.
LGT Capital Partners has launched a new hedge fund vehicle for both institutional and wealth management clients offering access to the individual components of hedge fund strategies that make up the firm’s primary evergreen LGT Endowment portfolio, according to a report by CityWire.
