Equity long-short strategies outperformed others with average gains of 2.7% for the second quarter of the year with global macro managers in particular underperforming, according to investment firm and ETF sponsor Unlimited’s Hedge Fund Barometer.
Returns for Josh Resnick’s Jericho Capital rose again last month in its flagship long-short fund, boosting the gain for the first six months to almost 40 percent.
The hedge fund headed by Jamie Sterne reached its high-water mark after posting a gain in June. Skye Global Management has finally returned to its high-water mark. The hedge fund headed by Jamie Sterne reached that coveted level when it posted a 4.6 percent gain for June. As a result, it was up 21.3 percent […]
While others, including Tiger Global, Lone Pine, Maverick, Viking, Valiant, D1, and Coatue, reported mixed performance in the first half of the year.
TOP STORY: Global hedge funds have reduced their exposure to US software stocks to “new multi-year lows” following a broader sell-off in the technology sector, according to a report by Reuters citing a recent note from Morgan Stanley’s prime brokerage division.
FRANKFURT – „Private Alternatives haben in den letzten zehn Jahren einen atemberaubenden Aufschwung erlebt“, erinnert Matt Shafer von PGIM Investments. Indes seien zwei Drittel der professionellen Fund Buyer in Europa und Asien der Meinung, dass ihre Kunden dieser Anlageklasse zu wenig Beachtung schenken.
Anthony ‘the Mooch’ Scaramucci’s SkyBridge Capital has restricted client withdrawals from its crypto-focused hedge fund, even as the fund’s returns have soared, according to a report by Bloomberg citing a recent regulatory filing.
Hedge funds including the UK’s Man Group are increasingly investing in South Korea’s chipmakers, betting that a surge in AI-driven demand for high-end memory chips and substantial government support will boost their value, according to a report by Reuters.
Bill Hwang, founder of the now-defunct hedge fund Archegos Capital Management, has been found guilty of securities fraud and market manipulation which resulted in billions of dollars in losses for global investment banks, according to a report by the Associated Press.
Hedge fund bets on a stronger pound reached their highest level in more than six years ahead of last week’s UK election, driven by investor confidence in a Labour victory bringing stability to the country’s politics and economy, according to a report by Bloomberg.
Despite the impressive rise of private alternatives, two-thirds of European and Asian professional fund buyers believe their clients remain underexposed to this asset class, according to a study. PGIM, the global asset management arm of Prudential Financial, surveyed 210 gatekeepers from the UK, Europe and Asia, revealing significant underinvestment in private market strategies. In Europe, […]
Hedge funds posted mixed performance in June as election and political risks surged throughout Asia, Europe and the US, with European and Asian central banks cutting interest rates despite inflationary pressures, and gains in US large cap tech stocks hitting record highs.
Australia’s $2.6tn pension market, one of the world’s fastest-growing pools of retirement capital, is reducing its hedge fund investments amid growing regulatory scrutiny over fees and performance, according to a report by Bloomberg.
Hedge funds that bet against Tesla have been hit hard by a substantial rally in the company’s share price, with 18% of over 500 hedge funds tracked by Hazeltree holding short positions in Tesla by the end of June, up from 15% at the end of March, according to a report by Bloomberg.
An affiliate of HIG Capital, a global alternative investment firm with $64bn of capital under management, is to acquire CGH Group, a manufacturer of large, engineered storage tanks and tank accessories in EMEA.
