Latest News
Pershing Square, the $15.5 billion hedge fund firm found by Bill Ackman, has built a new stake in Google parent Alphabet Inc worth $1.1 billion during the first quarter of the year, according to a report by Reuters
The hedge fund industry built on its prior month’s gains in April, returning 0.41% for the month, according to the Barclay Hedge Fund Index compiled by BarclayHedge. By comparison, the S&P 500 Total Return Index gained 1.56% in April.
For the year to date, the hedge fund industry has returned 2.73% through the end of April. The S&P 500 Total Return Index was up 9.17% over the same period.
Hedge fund subsectors gaining ground in April outnumbered losers by nearly three-to-one. The Emerging Markets MENA Index was the month’s pacesetter, advancing 7.62%. It was joined on the rostrum by
New York-based hedge fund manager Scopia Capital Management is to launch a new market neutral UCITS fund – the Scopia Market Neutral Strategy – on Kepler Partners’ Kepler Liquid Strategies (KLS) UCITS platform at the end of the second quarter of the year.
Shares in Chinese education companies and the stocks of US tech companies expected to benefit from AI systems including ChatGPT, attracted the attention of large Asian hedge funds in the first quarter of the year, according to a report by Reuters.
Nickel Digital Asset Management, a London-based crypto hedge find firm founded by former Goldman Sachs executive director Anatoly Crachilov, has been building out its quant division recently with the addition of two new recruits, according to a report by eFinancial Careers.
Kamil Krawczyk, who has spent the last two years as pan executive director in Goldman Sachs’ Warsaw team, has joined Nickel in London, having previously spent five years working across BNP Paribas, HSBC and NatWest.
Quant developer Bartłomiej Medygrał meanwhile, has also moved from Poland to the UK to join the firm, having spent the past 10 months working
Preserver Partners LLC, a diverse-owned, and female-led manager of opportunistic multi-strategy funds for institutional and accredited investors through private funds, a separately managed account and a liquid alternative mutual fund, has appointed Caroline Lovelace as chief investment officer.
Lovelace joined Preserver Partners in April 2023. As CIO and co-portfolio manager, she oversees all investments for the firm’s managed portfolios, focusing on portfolio construction, manager selection and risk management.
Prior to joining the firm, she held portfolio manager and director of research roles at Rose Hill Park Alternative Asset Managers, Pine Street Alternative Asset Management, and Provident Group Asset Management. Lovelace
Hazeltree, a provider of treasury and liquidity management solutions for the alternative asset management industry, has appointed Jeremy Payne as the company’s new chief product officer to enhance the firm’s offering for both hedge fund private equity firms.
Justin Tang and Jin Rui Oh, two equity special situation specialists and former directors at United First Partners, have joined hedge fund Millennium Management in Singapore, according to a report by Reuters.
Arrowstreet Capital LLC, D1 Capital Partners and Coatue Management LLC were among the prominent hedge funds that acquired shares of Facebook parent Meta Platforms Inc during the first quarter of the year, according to a report by Reuters.
Scion Asset Management, the hedge fund founded by Michael ‘Big Short’ Burry, placed wagers against several US regional banks following the demise of Silicon Valley Bank and Signature bank, according to a report by Reuters, citing securities filings released on Monday.
