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Brevan Howard saw mixed results from its hedge funds last year with the firm’s digital currency fund surging to a 40%-plus gain while its flagship fund ended the year in negative territory, according to a report by Bloomberg.
Former Millennium Management executive Bobby Jain is offering steep fee discounts to investors ahead of the launch of Jain Global, which is widely expected to be the largest hedge fund debut ever, in July this year, according to a report by Bloomberg.
Peconic Partners, the $1.5bn hedge fund firm founded by Bill Harnisch has upped its short wagers against US listed companies in the belief that the recent stock market rally will soon run out of steam, according to a report by Bloomberg.
D1 Capital Partners, the hedge fund firm founded by Dan Sundheim, ran into trouble with its private equity and venture capital bets for the second year running in 2023, with the firm making down the value of 49 companies in its portfolio, according to a report by Bloomberg.
GoldenTree Asset Management, the US53bn credit-focused hedge fund firm founded by Steve Tananbaum, has appointed Markus Taubert as a Principal, in the firm’s new office in Munich, Germany.
Hilbert Capital, a quantitative investment company specialising in algorithmic trading strategies in digital asset markets, recorded a 92.7% gain with its long-only, non-levered Hilbert V100 Fund in 2023.
McKay Brothers, a provider of ultra-low latency wireless infrastructure and market data technology, has deployed the lowest known latency private bandwidth between key New Jersey equity exchanges and TMX Group exchanges in Markham, Ontario.
Bridgewater Associates’ flagship macro hedge fund, the Pure Alpha II Fund, saw 7.5% of YTD gains wiped out in the final two months of last year to finish 2023 with a 7.6% decline, according to a report by Bloomberg.
North American hedge fund managers, and US managers in particular, are more confident about the prospects for their businesses going into 2024 than their global peers, according to the latest AIMA Hedge Fund Confidence Index.
International sports betting and gambling company Entain, the owner of a number of brands including Ladbrokes and Coral, has succumbed to pressure from activist hedge fund investors with the appointment of Eminence Capital founder Rick Sandler as a Non-Executuve Director, according to a report by the Financial Times.
