Latest News
Pershing Square Capital Management, the hedge fund firm founded by Bill Ackman, bounced back from its loss-making 2022, with a return of 26.7% last year, beating the broader stock market, according to a report by Reuters.
Quant hedge fund Squarepoint Capital has added to its teams in both Singapore and London with the appointments of Roman Colas as a quant researcher and Nicolas Landon as a fixed income quant researcher, according to a report by eFinancial Careers.
Digital asset investment products saw $2.25bn of inflows for the full year in 2023, marking it as the third best year based on data back to 2017, according to the latest Digital Asset Weekly Fid Flows report from CoinShares.
Ken Griffin’s Citadel outperformed several big name multi-strategy rivals, including Millennium Management and Eisler Capital, in a challenging 2023, chalking up a 15.3% return for its main Wellington hedge fund, according to a report by Reuters.
AIMA, one of the world’s largest hedge-fund associations has voiced concerns over Hong Kong’s proposed rules for “market soundings”, saying they risk imposing an undue compliance burden on companies and people licensed in the city, according to a report by Bloomberg.
The downward trend in oil prices continued in the last days of 2023 despite a bout of short-covering by hedge funds in the final two weeks of the year as portfolio managers squared up some crude short positions, according to a report by Reuters.
Hedge fund withdrawals slowed significantly in November to an estimated $4bn from the $7.6bn seen in the previous month as customer interest rose to the highest level in 2023, according to a report by Reuters.
Akin has appointed hedge fund lawyer James Munsell as a partner in its investment management practice in the New York office. Munsell joins from Sidley Austin, where he also held the position of partner.
Activist investment firm Blackwells Capital, and a shareholder of The Walt Disney Company (Disney), has nominated three candidates for election to the entertainment giant’s Board of Directors – Jessica Schell, Craig Hatkoff and Leah Solivan.
Investors in DE Shaw’s largest hedge fund saw a return of almost 10% in 2023, after fees, as multi-strategy and macroeconomic funds chalked up mixed performance during a year of volatile trading conditions, according to a report by Reuters.
