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EVENT – NEW YORK
The Hedgeweek US Digital Assets Summit 2024 speaker line up continues to grow, with Coinbase Asset Management COO Jasmine Burgess and Grayscale Investments MD Zach Pandl among the latest industry thought leaders added to the roster.  Â
Intel
Arrowpoint Investment Partners, a new Asia-focused hedge fund headed by former Millennium Management Asia Co-CEO Jonathan Xiong, has secured backing from Blackstone ahead of what is expected to be one of the region’s biggest launches of the year.
Inights
As ever, hedge fund news in the first month of the year was dominated by last year’s returns, with lots of positives from the likes of Citadel (15.3%), Millennium Management (10%), DE Shaw (10%), Rokos Asset Management (8.8%) et al. Taken in the context of the S&P 500’s 23% gain for the year though, and the Nasdaq’s even more formidable 43% return on the back of the continuing tech-driven rally in US stocks, their high single- or low-double digit returns weren’t that much to shout about.
Intel
Pascal Guttieres, a former UBS Group banker, is launching a new Hong Kong-based hedge fund, Viridian Asset Management, that will bet on a revival in Asia stock sales after volumes last year fell to the lowest seen in a decade, according to a report by Bloomberg.
Intel
Man Group is ditching its GLG brand in the first big change since new CEO Robyn Grew took the helm at the world’s largest listed hedge fund last September, as the firm moves into credit markets, according to a report by the Financial Times.
Intel
A group of hedge funds with exposure to mortgage bonds and average gross leverage in excess of 2,000% has attracted the attention of the European Securities and Markets Authority over concerns of potential market risk, according to a report by Bloomberg.
Intel
Record losses last year incurred on the back of bullish bets on oil have prompted Pierre Andurand to reduce the risk in his Commodities Discretionary Enhanced hedge fund investment portfolio, according to a report by Bloomberg.
Intel
Hedge funds upped their acquisitions of Chinese stocks to the fastest pace seen in over five years during a three-day period last week, according to a report by Reuters which cites a client note from Goldman Sachs.Â
Intel
Millennium Management, the multi-strategy major founded by Izzy Englander, has pulled cash from Meridiem Capital Partners, three years after backing the stock-focused hedge fund to the tune of $1.5bn, according to a report by Bloomberg.
Intel
The Dubai Financial Services Authority has described 2023 as an “exceptional growth year”, with the regulator having licensed and registered a record-breaking 117 firms, including a big increase in hedge funds during the 12-month period, an increase of 25% over 2022.
