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Digital asset investment products saw a third consecutive week of outflows last week although at $30m, the total represented a significant reduction in recent outflows, according to the latest Digital Assets Fund Flows Report from CoinShares.
Schonfeld Strategic Advisors’ flagship hedge fund, Strategic Partners, posted a 10.3% gain in the first six months of the year on the back of positive performance across multiple strategies, according to a report by Reuters.
Jonathan Xiong, the former co-CEO of Millennium’s Asia operations, has launched a new hedge fund, Arrowpoint Investment Partners, which began trading on Monday with over $1bn in assets and more than 15 portfolio managers, according to a report by Business Insider.
Bridgewater Associates, the hedge fund major led by CEO Nir Bar Dea, has launched a new strategy that uses machine learning as the primary basis for its investment decision making process, according to a report by Bloomberg.
Hedge funds missed out on Monday’s post-French election surge in banking sector stocks after exiting their positions betting on a rise in sector prices last week at the fastest rate seen since May 2021, according to report by Reuters.
In a significant restructuring of its real estate and equities divisions, Seth Klarman’s Baupost Group has cut approximately 19% of its investing staff, the largest staffing in the hedge fund’s 42-year history, according to a report by Bloomberg.
Citadel has appointed Nathan Perrone from multi-strategy rival Millennium as its new Chief Compliance Officer for its global equities and Ashler Capital businesses – two of the firm’s four fundamental long/short strategies – according to a report by eFinancial Careers.
The European Energy Exchange and European Commodity Clearing are to offer a six-month transaction and clearing fee waiver for market participants trading their EEX Nordic Zonal Power Futures and EEX Nordic System Price Power Futures.
Pershing Square, the hedge fund led by Bill Ackman, is set to sell shares at $50 each in its upcoming initial public offering in New York. While the date of the IPO has yet to be set, shares will be listed under the ticker symbol “PSUS”, according to a report by BayStreet.
New hedge fund launches surged while liquidations remained steady to begin 2024 with industry assets hitting a record level of $4.3tn as fund managers positioned for growing geopolitical risk, according to the latest HFR Market Microstructure Report.
