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Hedge fund performance surged through year-end, with December showing an acceleration in gains driven by a decline in inflation, falling bond yields, and structural developments in cryptocurrency, according to HFR.
The tech stock sell-off by global hedge funds continued for the third week running last week with mangers with managers cutting their long wagers in the sector at the highest level seen in 11 weeks, according to a report by Reuters.
Digital asset investment products saw inflows totalling $151m in the first week of 2024, bringing the total inflows since the Grayscale vs SEC lawsuit to $2.3bn, according to the latest Digital Assets Fund Flows weekly report from CoinShares.
ExodusPoint, the hedge fund firm founded by Millennium Management alumni Michael Gelband and Hyung Lee, has added four Portfolio Managers to its team after raising additional investment funds, according to a report by eFinancial Careers.
Amicorp Fund Services Asia, a division of international specialist fund services group Amicorp FS, which listed on the London Stock Exchange in June 2023, has made two senior appointments to its team in Hong Kong.
Activists have chosen their past targets well, with their campaigns helping to produce above-market shareholder returns, according to the latest Activist Alert from global professional services firm Alvarez & Marsal (A&M).
Tiger Global Management recorded a 28.5% gain last year bringing to an end of two-year run of losses and putting the firm ahead of  number of big-name stock-picking peers including Viking Global Investors and Coatue Management, according to a report by Bloomberg.
Nick Rustad, the former Global Head of Futures and Derivatives Clearing at JPMorgan Chase has made a switch to the buyside after an 11 month break from the industry, joining London-based hedge fund start-up Taula Capital Management.
A dramatic reversal in fortunes at macro trader Said Haidar’s Jupiter Fund has left investors nursing big double digital losses for last year, following record returns in the previous 12 month period, according to a report by Bloomberg.
While a long-running feud between Two Sigma Co-Founders John Overdeck and David Siegel was making headlines last year, the secretive quant major was quietly generating steady returns for its investors, according to a report by Business Insider.
