Liquid Alternatives News

Philip King’s Regal Partners Ltd has made a bid to acquire rival Platinum Asset Management Ltd as part of its aggressive expansion, which has seen the firm’s assets more than triple in the last two years, according to a report by Bloomberg.

„Hedgefonds sind gut durch die extrem volatile Phase zu Monatsbeginn gesteuert“, berichtet Kenneth J. Heinz, Präsident von HFR, aus dem aktuellen Report seines Hauses. Demnach konnten die meisten Indizes die anfänglichen Verluste im Laufe des Monats ausgleichen und den August mit kleinen Gewinnen beenden.

As China’s efforts to prop up the yuan begin to fade, data due out this week is expected to confirm that a once-popular strategy among foreign investors has lost momentum in August, according to a report by Bloomberg.

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.

Hedge funds are ramping up wagers on the yen’s continued strength, with the Japanese currency surging by another 1% on Friday, as traders bought options against the Australian dollar, Swiss franc, and offshore Chinese yuan, according to a report by Bloomberg.

Derivatives and securities exchange network Cboe Global Markets is to launch trading of its previously announced new Cboe S&P 500 Variance Futures on Monday, 23 September, on the Cboe Futures Exchange (CFE).

August proved to be a strong month for hedge funds specialising in life sciences and biopharma stocks, with several firms reporting solid gains that helped many return to positive territory for the year, according to a report by Institutional investor.

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.

ExodusPoint, the $11bn multi-strategy 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.

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.

Wildcat Capital Management, originally established as the family office of billionaire David Bonderman, has invested over $200m in a new hedge fund, Whitebark Investors, which has been spun out of the firm under the leadership of Thomas McConnon.

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.

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.

Hedge fund Davidson Kempner will close one of its funds amid a tougher environment for hedge funds that buy into the debt of distressed companies hoping to make money from their comeback, a letter sent to investors and seen by Reuters on Friday shows.