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Sandbar Asset Management, the investment firm founded by former Millennium Management trader Michael Cowley, has shut down its hedge fund after struggling to grow assets, according to a report by Bloomberg.
Sumant Wahi, a former Partner at global long-short equity investment manager Gladstone Management, has joined Man Group as Portfolio Manager for a new tech-focused stock-picking strategy, according to a report by Business Insider.
Activist hedge fund firm JANA Partners, which in the past has engaged in campaigns to force change at companies including Whole Foods and Frontier Communications, recorded a 31% gain for 2023, according to a report by Reuters.
The launch of bitcoin spot trading ETFs in the US helped digital asset investment products to $1.18bn of inflows last week – subject to T+2 settlement – although this did not break the record set at the launch of futures-based bitcoin ETFs.
Activist investment firms bounced back to notch an average 20.2% return in 2023 following a previous year of losses, with ValueAct Capital (39%), Caligan Partners (37%), and Legion Partners Asset Management (35%), leading the way, according to a report by Reuters.
Chris Rokos and his fellow partners at Rokos Capital Management paid themselves £445m ($563m) for the year ended March 2023, after the macro hedge fund produced its best ever gains in 2022, according to a report by Bloomberg.
Hedge funds are cautiously returning to the oil futures and options markets, following weeks of selling prompted by concerns over a weakening economy and prospect of a global recession, according to a report by Reuters.
Abacus Group, a Managed Services Provider for hedge funds and other alternative investment firms, has expanded its research and development and customer support capabilities with the opening of a new office in central Edinburgh.
Prime Capital, an independent alternative asset management firm focused on absolute return, energy infrastructure and private debt, has partnered with analytics specialist Premialab for strategy selection, ongoing quantitative performance assessment and risk management.
Global hedge funds have upped their bets against US banks and other financial companies to the highest level seen in four months, according to a report by Reuters citing a client note from Goldman Sachs’s prime brokerage unit.
