Liquid Alternatives News

A recent surge in bullish bets on sterling by hedge fund and other asset managers has set the scene for a sharp correction in the currency, should the Bank of England opt to lower interest rates later this week, according to a report by Bloomberg.

Hedge funds have made their most significant retreat from bearish yen bets since 2011 as the once-popular carry trade strategy falters, with leveraged investors cutting 56,639 net short positions on Japan’s currency over the two weeks ending 23 July, according to a report by Bloomberg.

Equity and global macro funds emerged as strong performers, contributing to seven consecutive quarters of positive returns. Citco reported a weighted average return of 1.09% in Q2, bringing the year-to-date (YTD) return to 7.62%. About 80% of funds have recorded positive returns this year.

Man Group, the world’s largest listed hedge fund firm, has reported strong H1 results, including positive investment performance of $11.1bn – a 2.1% increase relative to peers – and net inflows of $0.9bn, surpassing the industry average by 1.8%.

Bill Ackman has announced a significant reduction in the fundraising target for his new US-listed fund, Pershing Square USA, citing investor apprehensions about the fund’s structure and cash deployment strategy, according to reports.

A coalition of hedge funds invested in Ukraine, including Aurelius Capital Management and VR Capital Group is gearing up for debt-restructuring negotiations with the Ukrainian government to rework approximately $2.6bn in GDP warrants, according to a report by Bloomberg.

Hedge fund assets reached a new high in 2Q24, surpassing $4.3 trillion as managers brace for upcoming elections and geopolitical uncertainties, data has shown. According to hedge fund research firm HFR, this marks the seventh consecutive quarter of asset growth, driven by performance gains and strategic asset inflows into relative value arbitrage (RVA) and macro […]

Igor Tulchinsky’s WorldQuant, which previously managed capital exclusively for multi-strategy major Millennium Management, is now managing $10bn in assets for other clients, according to a report by Bloomberg.

Many hedge funds’ heady gains posted early in the year shriveled after the sector took a beating in the second quarter.

Total global hedge fund assets increased for the seventh consecutive quarter in Q2 2024, surpassing the previous record high of $4.3tn to reach $4.31tn with a quarterly increase of approximately $11bn, according to the latest data from HFR.

Nekton Capital, the stocks-focused, market-neutral hedge fund firm founded by former York Capital Management Co-Chief Investment Officer Christophe Aurand, is to return capital to investors, after performance failed to meet expectations, according to a report by Bloomberg.

Elliott Investment Management, one of the world’s largest activist investors, has built a significant position in Starbucks, and is engaging in discussions aimed at enhancing the coffee giant’s stock performance, according to a report by the Wall Street Journal citing unnamed sources.

Last month was a tale of two public offerings in biotech. How will the next one fare? More than a half-dozen hedge funds are gearing up for the next initial public offering of a fledgling biopharma company. The deal comes in the wake of two biopharma IPOs in June: One company was up double digits […]