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Intel
A failed bet that US interest rates would fall left Brevan Howard’s flagship fund with an estimated 3.2% loss in February, making it one of the worst months since the firm started trading in 2002, according to a report by Bloomberg.
Intel
British broadcaster GB News, which is jointly owned by hedge fund giant Sir Paul Marshall and Dubai-based private investment firm Legatum via holding company All Perspectives, posted a £42.4m loss, forcing its owners to provide a further £41m in funding to cover operating costs, according to a report by the Financial Times.Â
Intel
DE Shaw is one of a number of hedge funds buying exposure to blind pools of risk being sold by banks to reduce their regulatory burden, in the form of credit-linked notes that transfer the risk to the buyer in exchange for a coupon payment, according to a report by Bloomberg.
Intel
Commodities investments at Izzy Englander’s Millennium Management earned the multi-strategy major a solid $600m last year, but still far behind the bumper $4bn return for the asset class seen at rival Citadel, according to a report by Bloomberg.
Intel
London-based multi-strategy hedge fund Eisler Capital plans to raise between $1bn and $1.5bn of capital and increase its Portfolio Manager headcount to between 120 and 125 this year, according to a report by the Financial Times citing people familiar with the matter.
Insights Report
February 2024 | This data-led report provides an update on the digital asset sector amid an encouraging start to 2024, with better performance and improved regulatory headlines boosting the space. What next for the sector as it looks to continue its comeback from a difficult period of performance and headlines? Get all the intel, plus insights from the sector’s leading firms, in this exclusive Hedgeweek special report.
Intel
Profits at London-based Man Group, the world’s largest listed hedge fund firm, more than halved last year, as AUM hit a record $167.5bn, an increase of 17% from the $143.3bn reported for 2022.
Intel
Activist US hedge fund firm Elliott Investment Management has had a second improved offer to acquire Currys rejected by the board of the UK electrical and electronics retailer, amid rumoured interest from other potential suitors, according to a report by ThisIsMoney.
Intel
Nishant Gupta, a former Partner at Clean Energy Transition, the London-based hedge fund firm spun out of Lansdowne Partners by Per Lekander two years ago, is gearing up to launch a new long-short equity fund focused on the green economy, according to a report by Reuters.
Intel
Some 88% of hedge funds have so far seen positive returns from across most strategies in 2024, building on 2023’s double-digit returns, according to the latest monthly report on hedge funds from Citco, the $1.8tn global alternative investment asset servicer.Â
