Liquid Alternatives News

Hedge fund performance improved in July to an average weighted return of 0.6%, up from 0.4% in the previous month, with over two-thirds of strategies ending the month in positive territory, according to the latest Monthly Hedge Fund Update from Citco.

David Goel, a former protégé of Tiger Management founder Julian Robertson, has decided to close his $11bn hedge fund firm Matrix Capital Management and return client cash, due to personal health issues, according to a report by Bloomberg.

Coatue Management, the hedge fund firm led by Philippe Laffont, increased its stake in Nvidia by 893% in Q2 to 13.75 million shares with the position in the chipmaker now accounting for 6.61% of the firm’s investment portfolio, according to a report by Benzinga.

Dubai-based Magellan Capital Holdings Ltd is set to launch a $700m multi-strategy hedge fund next month, in what will be one off the largest ever fund debuts in the United Arab Emirates, according to a report by Bloomberg.

Bridgewater Associates, the world’s largest hedge fund, has continued its significant reduction in exposure to Chinese stocks, selling off US-listed Chinese holdings for the seventh quarter running in Q2 2024, according to a report by the South China Morning Post.

Equity long/short hedge funds, managing over $1.3 trillion in assets, have delivered solid returns across market cycles. However, with investors increasingly focused on downside protection and alpha generation, these funds are facing persistent net redemptions. The question now is: Can they adapt to a world of high rates and shifting market dynamics? Our latest report […]

Pension funds, endowments and others like their diversification but aren’t interested in an allocation, according to Preqin.

Recent data from Jefferies has revealed a significant shift in hedge fund portfolios, particularly within Magnificent 7 stocks, with managers favouring Amazon and Microsoft over Netflix and Meta, according to a report by Investing.com.

Pershing Square Capital Management, the hedge fund firm led by Bill Ackman, added new companies to its investment portfolio for the first time in over a year in the second quarter of 2024, with wagers on Nike and Brookfield, according to a report by Reuters.

New York-based hedge fund Starboard Value has acquired a stake in Starbucks joining fellow activist Elliott Investment Management in investing in the troubled coffee retail chain, according to a report by The Wall Street Journal.