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The SS&C GlobeOp Hedge Fund Performance Index measured -0.09%, for November, according to the latest figures from SS&C Technologies Holdings.
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index meanwhile, advanced 0.37% in December.
“SS&C GlobeOp’s Capital Movement Index was up 0.37% for December 2022, continuing a trend of stabilisation from November. The trailing 12-month average of 0.03% marks the second consecutive calendar year of positive flows,” said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies.
“As capital markets continue to demonstrate higher volatility and drawdowns, hedge funds have generally been an attractive allocation alternative. This
New York State and New York City pensions funds can now increase the allocations they make to alternative investments asset classes including hedge and private equity funds following the signing of a new bill by Governor Kathy Hochul, according to a report by Bloomerg.
The bill raises the cap on alternative assets — which also include private real estate and direct loans to companies — as well as foreign stocks, from 25% to 35%. The report cites state officials as confirming that the increase applies to the $233 billion New York State Common Retirement Fund as well as five New
A case against the London Metal Exchange brought by hedge fund AQR Capital Management and others that demanded phone call transcripts and meeting notes about the exchange’s decision to cancel nickel trades back in March, has been dismissed by a high court judge, according to a report by Reuters.
Cboe Global Markets, Inc, a provider of global market infrastructure and tradable products, has re-opened floor trading of options on the Cboe Volatility Index.Â
This year’s big interest rises have set bond and currency trading macro hedge funds on course to record their best annual gains since the global financial crisis in 2008, according to a report by the Financial Times.
The same interest rates rises though, have caused major problems for equity specialists and mainstream investors.
Billionaire trader Chris Rokos, who recovered from losses last year to gain 45.5 per cent in 2022, is among the year’s big macro winners, with the Brevan Howard co-founder on track for his best year since launching his own fund, which now has $15.5 billion in assets,
Citadel, the hedge fund firm founded by billionaire investor Ken Griffin, is planning to return about $7 billion in profits to investors in the first week of the New Year after generating bumper returns in 2022, according to a report by Reuters.
October redemptions from hedge funds outpaced subscriptions by -$52.97 billion, resulting in a 1.12% contraction of industry assets, according to the Barclay Fund Flow Indicator published by BarclayHedge.
A $71.03 billion trading profit during the month brought total hedge fund industry assets to more than $4.74 trillion as October ended.
Despite an overwhelmingly profitable month of trading, all but one hedge fund subsector suffered net redemptions in October. Emerging Markets – Latin America represented the only aberration, attracting $1.09 billion in net new capital.
Proportionally speaking, the hardest hit subsectors in October were Emerging Markets- Asia, Global Macro-, Event Driven-,
Shares in Superdry have rebounded after the troubled UK-based fashion firm secured a new £80 million funding package backed by US activist hedge fund Elliott Advisors, according to a report by BusinessLive.
Winning bets on the lithium sector have helped Vivid Capital, a small, a relatively new, hedge fund firm, chalk up gains of 39% this year up to the end of November, according to a report by Reuters.
The Toronto-based firm, which focuses primarily on energy-transition investments, manages less than CAD50 million and runs just one fund – the Vivid Energy Fund. The fund’s string performance this year comes on the back of short positions in companies that focus on direct lithium extraction, including Vancouver-based Standard Lithium Ltd, which has seen a 61% fall this year following speculation about the effectiveness
Short sellers are on track for their first annual gain since 2018 on the back of a steep decline in US equities this year coupled with bets against megacap stocks including Tesla and Amazon.com, according to a report by Reuters.
The report cites data from analytics firm S3 Partners as showing that realised and unrealised gains from short-selling total a combined $3.3.7 billion so far this year, a fourfold increase on 2018, the last profitable short selling year.
That equates to a a 31.2% return on total average short interest of $973.6 billion over the year.
Bets against Tesla Inc
