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Having correctly predicted in February that the rally in emerging markets between October and February would soon reverse, Man Group, the world’s largest listed hedge fund, says risky assets will see even bigger losses later this year, according to a report by Bloomberg.
Dubai is on the way to becoming a global hedge fun hub with more than 60 firms said to be currently in discussions to establish a presence in the city’s Dubai International Finance Centre (DIFC), according to a new report produced by the DIFC and Refinitiv.
Steve Cohen’s Point72 has demonstrated the value it places on nurturing the next-generation of quant analysts, by offering a bumper $300k salary for a teacher to educate its up and coming graduate trainees, according to a report by eFinancialCareers.
Digital Prime Brokerage GCEX has extended its existing partnership with Komainu, a regulated digital asset custodian, founded as a joint venture between investment bank Nomura, hardware technology company Ledger, and digital asset investment manager Coin Shares, to offer staking services to its institutional and professional clients.
Hedge fund startups in Asia raised just $3.5 billion last year – the lowest annual amount seen since the global financial crisis – as Covid restrictions and geopolitical risks impacted fundraising activity in Hong Kong, according to a report by FinnoExpert.
Fulcrum Asset Management, an independently owned asset manager with £5.1 billion ($6.2bn) in funds under management, has signed a three-year agreement to sponsor Middlesex Women, Middlesex Girls, the Sunrisers and Middlesex Cricket’s new charitable arm, Middlesex in the Community.
Following a series of high-profile failures last year, a renewed emphasis on risk management and operational due diligence, coupled with thoughtful regulation, is key to the digital assets sector repairing its reputation. Ben Jacobs, co-founder and managing partner of crypto/blockchain fund of funds Scenius Capital, identifies some of the challenges ahead and where the best investment opportunities may lie… Â
Man Group pulled in more than $1 billion in inflows into its funds in the first quarter, amid wider outflows from the hedge fund industry as the sector struggled with surging volatility and fears of a banking crisis.
Hedge funds continued to rebound with even better weighted average returns in the first quarter of this year than Q4 2022, with Multi-Strategy and Equities funds continuing as the top performers, according to a data released by Citco.
Data from the fund administrator, which has over $1.8 trillion in assets under administration (AUA), saw an overall weighted average return of 4.49% in the first quarter of this year – up from 4.11% in Q4.
All fund strategies delivered positive returns with the exception of Commodities at -2.2% and Global Macro at -1.14%. Multi-Strategy and Equities funds bettered their Q4
Activist hedge fund TCI has secured a seat on the board at Spanish mobile phone tower operator Cellnex having engaged in a campaign for change at the company which led to the resignation of two independent board members earlier this month, according to a report by Reuters.
TCI, Cellnex’s biggest shareholder with a 9% stake, including 5.9% in derivatives, last month sought to remove the board’s chair and two board members, claiming that company’s search for a new CEO had been mishandled.
TCI also requested that its representative Jonathan Amouyal join the board, a move that was approved by Cellnex’s
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