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Hedge funds extended their winning streak to four months in a row in August taking overall YTD returns close to double-digit territory with a range of strategies delivering positive performance amid a spike in market volatility early in the month, according to the latest data from Citco.
Kuvari Partners, the hedge fund founded by Vikram Kumar, is set to return all external capital as the firm transitions into a family office amid mounting pressure on smaller hedge funds from the dominance of multi-strategy hedge fund giants, according to a report by Bloomberg.
Eisler Capital, the $4bn hedge fund currently transitioning from a macro fund to a multi-stragey trading operation, has seen another wave of departures as it grapples with underperformance and stiff competition for talent in the hedge fund industry, according to a report by Bloomberg.
A number of hedge funds, including Brevan Howard Asset Management and Millennium Management, are ramping up their Japan-focused trading teams amid heightened volatility in global markets driven by economic shifts and changes in monetary policy.
UK-based hedge fund Quadrature, which pays it staff £3m ($4m) on average – according to Companies House filings – has appointed Heath Windcliff, former Global Head of Electronic Client Solutions at JPMorgan, in an execution role in the firm’s soon-to-open New York office, according to report by eFinancial Careers.
Steve Cohen, the founder of US hedge fund major Point72 Asset Management, is stepping away from trading to focus on overseeing the firm he established a decade ago, including remaining actively involved in investment decisions as Co-Chief Investment Officer, according to a report by Bloomberg.
Rokos Capital Management, the hedge fund founded by Chris Rokos, saw its macro strategy suffer one of its steepest monthly declines in August as global market volatility spiked on concerns of a potential US recession, according to a report by Bloomberg,
Gary Stein, a former managing director at Goldman Sachs, has made his way back into banking after a brief stint at the hedge fund Millennium, landing a role at HSBC’s New York office as head of Latin American FX, according to a report by eFinancial Careers.
Hedge funds advanced 0.75% in August according to the gross return of the SS&C GlobeOp Hedge Fund Performance, while hedge fund flows, as measured by the SS&C GlobeOp Capital Movement Index, advanced 0.39% for September.
Hilbert Capital, the asset management division of Hilbert Group AB (Nasdaq: HILB B) and Xapo Bank have completed the launch of their BTC-denominated credit fund with BTC3000 in initial investments – currently valued at USD175m.
