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Brazilian hedge funds are on track to outperform their domestic benchmark for the first time in three years, supported by well-timed interest rate trades and a sharp rally in local equities that has lifted returns across the industry, according to a report by Bloomberg.
Jain Global, the hedge fund founded by former Millennium Management Co-Chief Investment Officer Bobby Jain, has strengthened its investment team with the appointment of Alex Coats, a senior rates trader from JPMorgan.
RFM, a newly launched hedge fund focused on Japanese equities, has attracted more than $800m in assets within its first year of operation, reflecting strong investor appetite for Japan’s equity markets amid robust performance and structural reform momentum, according to a report by Bloomberg.
Mecox Capital Partners, a new options-focused hedge fund, will begin trading in January with $50m in assets, backed by prominent investor Peter Borish, a founding partner of Tudor Investment Corp, according to a report by Business Insider.
Ilex Capital, the hedge fund founded by former Citadel traders Jonas Diedrich and Dave Sutton, sharply increased compensation for its highest-paid individual during its most recent financial year, alongside a significant rise in profits and assets under management, according to a report by Financial News London.
Hedge fund Element Capital Management has won an arbitration ruling allowing it to enforce a non-competition agreement against a former senior trader, delaying his move to rival firm Squarepoint Capital, according to report by Bloomberg.
King Street Capital Management, a US alternative investment firm operating arbitrage/relative value, event-driven, and directional strategies, has promoted Kris Mastronardi, the firm’s COO and Global Head of Strategy, to Partner.