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Nekton Capital, the stocks-focused, market-neutral hedge fund firm founded by former York Capital Management Co-Chief Investment Officer Christophe Aurand, is to return capital to investors, after performance failed to meet expectations, according to a report by Bloomberg.
Ken Griffin, billionaire investor and founder of hedge fund major Citadel, has acquired the largest stegosaurus fossil ever discovered for a record-breaking $44.6m, according to a report by the Wall Street Journal. The fossil, known as “Apex,” stands 11 feet tall and 27 feet long.
Recent regulatory tightening has prompted two of China’s leading quantitative hedge funds Yanfu Investments and Zhejiang High-Flyer Asset Management to defend their industry amid calls for an outright ban on algorithmic trading, according to a report by Bloomberg.
EEX Group achieved significant volume growth in the first half of 2024 across major asset classes, with the group’s global power market volume up by almost 50%, and natural gas volumes in the US almost doubling in size.
Dymon Capital, one of Singapore’s top hedge fund firms, has made 12 intern appointments in the city state so far this year, with four of the intake having graduated from the National University of Singapore, according to a report by eFinancial Careers.
While Chinese stocks have underperformed globally over the past year, a classic hedge fund strategy has seen impressive returns in the region with long-short trades returning over 10% through late June this year, according to a report by Bloomberg.
Brevan Howard’s crypto hedge fund achieved a significant gain of around 20% in the first half of this year, amid increased interest from institutional investors in the burgeoning asset class, according to a report by MarketWatch.
Multi-strategy hedge fund major Millennium Management has added Bobby Huffman, the former Head of European Trading at Apollo Global in London, to its team in Dallas, Texas, four months after he quit the UK to return to the American South, according to a report by eFinancial Careers.
A staff member at Paris-based hedge fund Syquant Capital is under suspicion for allegedly providing insider information to his brother, facilitating profitable trades on stocks like ArcelorMittal and Alstom prior to market-moving announcements, according to a report by Bloomberg.
Ilex Capital Partners, one of the major hedge fund startups of last year, is in discussions to raise an additional $1.5bn in investment capital by the end of 2024, according to a report by Bloomberg.
