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Awards
Hedgeweek has announced the winners of the European Awards 2024, which recognise excellence among fund managers and service providers in Europe across a wide range of categories.
Intel
Pershing Square Founder Bill Ackman is set to launch a new US investment portfolio that will offer retail investors access to an investment strategy that mimics his existing hedge fund but with lower fees and faster access to capital, according to a report by Reuters.
EVENT – LONDON
Ahead of the Hedgeweek European Leadership Summit, taking place in London on Thursday 29 February, we sat down with Luca Albertini, the CEO and founding partner of Leadenhall Capital Partners to hear more on the current state of the insurance-linked securities (ILS) market, where it is heading in 2024, and what he is most looking forward to from the event. Â
Intel
The US Securities and Exchange Commission has adopted a new rule aimed at tightening oversight of the US Treasuries market that means some hedge funds and high-frequency proprietary trading firms are facing increased compliance costs and scrutiny, according to a report by Bloomberg.
EVENT – LONDON
Russell Investments, Mercer, and Redington are to headline the final panel at Hedgeweek’s 2024 European Leadership Summit, giving investors the last word of a highly anticipated event packed with the hedge fund industry’s leading investment managers.   Â
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.
