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New York-based hedge fund major DE Shaw is planning to return billions of dollars to external clients after its flagship hedge funds delivered exceptional double-digit gains in 2024, according to a report by Bloomberg.
Intel
Millennium Management, the multi-strategy hedge fund major led by Izzy Englander, recorded a 2.5% gain in December, bringing its total returns for 2024 to 15%, but short of the S&P 500’s 23% gain for the year, according to a report by the Financial Times.
Intel
Hedge funds are helping to drive MicroStrategy’s bitcoin acquisition strategy, with the company having announced another multimillion dollar purchase of the cryptocurrency, marking its eighth consecutive week of acquisitions, according to a report by Bloomberg.
Intel
Hedge funds have significantly increased their stakes in US bank stocks, signalling strong confidence in the sector’s continued rally, boosting their exposure to financial firms by 50% to a combined $340bn, according to a report by Bloomberg citing 13F filings.
Intel
As the festive trading period draws to a close, investor focus has turned to the highly anticipated retail performance updates in early January, with hedge funds eyeing the retail sector for potential profits after warnings of “disastrous” pre-Christmas trading conditions, according to a report by the Financial Times.
Intel
Pershing Square Holdings, a £11.9bn investment trust managed by Bill Ackman, has doubled its share buyback programme to $200m (£159m) as it seeks to address a persistent 34% discount on its shares, according to a report by Citywire.
Intel
Richard Northridge, a former portfolio manager at Citadel, has secured $1bn from Marshall Wace to trade for its flagship hedge fund, according to a report by BNN Bloomberg citing an investor letter.
Intel
Crypto-focused hedge funds have outperformed the broader hedge fund industry’s 10% growth, achieving strong returns of 46% in November and 76% YTD, with Brevan Howard Asset Management and Galaxy Digital among the biggest winners, according to a report by the Financial Times citing data from Hedge Fund Research.
Intel
Hedge fund manager Boaz Weinstein has called on shareholders of seven UK investment trusts to revamp their boards due to underperformance, proposing his firm, Saba Capital, as replacement manager, according to a report by the Financial Times.
Intel
Asian hedge funds, including Hong Kong-based Monolith Management, are increasing their bets on Chinese tech giants including Xiaomi and Baidu, drawn by AI advancements despite the looming threat of stricter US export controls on advanced chips, according to a Reuters report.
