Latest News
Hermes Li’s Aspex Management, one of the largest hedge funds in Asia, has reported a strong performance in the first half of 2024, with a 21% return, significantly boosting its AUM to over $9bn, according to a report by Bloomberg.
Bill Ackman has announced a significant reduction in the fundraising target for his new US-listed fund, Pershing Square USA, citing investor apprehensions about the fund’s structure and cash deployment strategy, according to reports.
Decentralised digital and real world assets trading platform tanX processed $1bn in spot trading volume across three million transactions during the second quarter of the year, marking a 70% increase from the previous quarter.
Equity and global macro funds were among the winners as hedge funds maintained their winning streak in Q2, making it seven consecutive quarters of positive returns, while the quarter also saw a return to net inflows for the first time since early 2022, according to data from Citco.
Nick Bird, the head of Hong Kong-based OQ Funds Management and the the former head of Macquarie Group’s quantitative hedge fund, is looking to capitalise on renewed interest in Japan with the launch of a new strategy focused on Asia’s second-largest economy, according to a report by Bloomberg.
Institutional investors, led by the $202bn Texas Teacher Retirement System in Austin, are rallying support to push for the implementation of cash hurdles in hedge fund incentive fees, according to a report by Pensions & Investments.
Elliott Investment Management has lost the services of London-based portfolio manager Pawel Serej, who played a key role in several of the firm’s high-profile campaigns led by partner Nabeel Bhanji, including Toshiba Corporation and Swedish Match, according to a report by Bloomberg.
The UK’s Financial Conduct Authority has resumed its legal battle with Michael Platt’s hedge fund-turned family office BlueCrest Capital Management, following a significant court loss regarding a $700m compensation demand for investors, according to a report by Bloomberg.
A coalition of hedge funds invested in Ukraine, including Aurelius Capital Management and VR Capital Group is gearing up for debt-restructuring negotiations with the Ukrainian government to rework approximately $2.6bn in GDP warrants, according to a report by Bloomberg.
Ken Griffin, the founder of Citadel, has significantly increased his stake in Sphere Entertainment to 5.3%, according to a recent SEC filing. Having previously held a 1.6% stake in Sphere through Citadel, Griffin added more than 900,000 shares since April 1, bringing his total holdings to 1.5 million shares.
