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Intel
TOP STORY: Millennium Management, the multi-strategy hedge fund major founded by Izzy Englander, is aiming to raise between $7bn and $10bn in new capital as part of a strategy to secure a more permanent funding structure for the firm, according to a report by Bloomberg.
Intel
TOP STORY: Steve Cohen’s Point72 Asset Management is preparing to return a significant portion of capital to investors for the first time, joining other large multi-strategy hedge funds that are capping assets after a period of rapid growth, according to a report by Bloomberg.
Intel
ExodusPoint, the $11bn hedge fund led by former Millennium executive Michael Gelband, has responded to investor pressure by introducing a new fee structure, tying performance fees to short-term Treasury yields, according to a report by Business Insider.
Intel
Hedge funds navigated an historic volatility surge in early August, with equity hedge and fixed income-based relative value arbitrage strategies leading that way, as the HFRI Fund Weighted Composite Index advanced +0.25% for the month.
Intel
The once-booming multi-manager hedge fund sector, pioneered by firms like Citadel and Millennium, has seen its first net outflows in seven years, signalling that investor interest may be fading, according to a report by the Financial Times citing data from a new report by Goldman Sachs.
Intel
Hong Kong-based investment firm Sengu Capital is gearing up to launch a new hedge fund that will look to tap into Japan’s financial market resurgence by employing an investment strategy focused on improvements in corporate management in the country, according to a report by the Japan Times.
Intel
TOP STORY: Regal Partners Ltd, the Australian hedge fund firm born out of the merger of Regal Funds Management and VGI Partners in 2022, is seeking approximately $1bn in new capital for its latest Cayman Islands-based based fund, as part of broader expansion efforts, according to a report by Bloomberg.
Intel
Goldman Sachs’ private equity investment firm, Petershill Partners, has sold an 18% stake in hedge fund LMR Partners for up to $258m in a move aimed at addressing investor concerns about the accuracy of the firm’s asset valuations, according to a report by The Times.
Intel
Two London-based hedge funds – Kite Lake Capital Management and Astaris – are preparing to close their doors to new investors, even as the broader hedge fund industry is facing significant capital outflows amounting to tens of billions of dollars, according to a report by Bloomberg.
Intel
TOP STORY: Activist Investment firm Elliott Investment Management now owns 10% of Southwest Airlines’ common stock, surpassing the threshold required to call a special meeting at the airline, according to a report by Reuters citing an unnamed source familiar with the situation.
