Liquid Alternatives News

Robert Citrone’s Discovery Capital Management generated some of the best returns in the first half of the year.

Brevan Howard’s crypto hedge fund achieved a significant gain of around 20% in the first half of this year, amid increased interest from institutional investors in the burgeoning asset class, according to a report by MarketWatch.

Ilex Capital Partners, one of the major hedge fund startups of last year, is in discussions to raise an additional $1.5bn in investment capital by the end of 2024, according to a report by Bloomberg.

Global hedge funds have been reducing their exposure to US stocks for five consecutive days amid a broad sell-off in megacap tech-related stocks, according to a report by Reuters citing a note from Goldman Sachs.

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.

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.