Liquid Alternatives News

Equity long/short hedge funds have performed well in the most recent market cycle, but much of those gains have been market driven as funds have struggled to add alpha. Equity hedge strategies have been a major source of net-hedge-funds redemptions for much of the past decade Over this period, the segment’s market exposure has driven […]

Third Point, the $12bn activist hedge fund firm led by Daniel Loeb, has built a 6% stake in Bath & Body Works and is pushing for board changes at the the retailer, according to a report by Reuters citing a recent regulatory filing.

HFRI Event-Driven und Equity Hedge Indizes hielten sich im Juli, makro-trendfolgende CTAs erlitten jedoch weitere Verluste, meldet Datensammler und Index-Provider Hedge Fund Research Inc. (HFR).

Dimitry Balyasny’s multi-strategy hedge fund firm Balyasny Asset Management, is investing over $200m to revamp its equities trading division with a series of high-profile hires from rival firms, according to a report by Bloomberg.

The value-driven hedge fund started building a much larger stake in HP earlier this year, and now the stock is among its biggest bets.

Hedge funds gained in July as recession fears mounted and volatility spiked into month-end, preceding an historic equity market drop to begin August, sparked partly by a steep decline in large cap tech equities, according to HFR.

Hedge funds have pulled back from their most bullish bets on the yen, but are continuing to pay a premium to hedge their positions, reflecting increased uncertainty about the future direction of the Japanese currency, according to a report by Bloomberg.

Recent market turbulence has propelled Brevan Howard Asset Management’s flagship hedge fund, the $12bn Brevan Howard Master Fund, into profit for the year, reversing earlier losses, according to a report by Bloomberg.

As global markets tumbled in mid-July, some of the world’s largest equity hedge funds, including Light Street Capital Management, Pershing Square Capital Management, suffered significant losses, having invested heavily in popular tech company stocks that led the downturn, according to a report by Bloomberg.

The hedge fund firm reported a much bigger stake in one high-profile semiconductor company and a reduced role for a tech behemoth.

Viking, headed by Tiger Cub O. Andreas Halvorsen, has made at least 11 new private investments this year, including two in August.

A Goldman Sachs note has revealed that Japan-focused hedge funds saw their steepest daily performance loss on record on Monday, according to a report by Reuters, amid a global stock rout triggered by disappointing US jobs data and last week’s Bank of Japan rate hike.

Jain Global, the hedge fund firm founded by former Millennium Management Co-CIO Bobby Jain ended its first month of trading with a small loss of 0.65%, while rival multi-strategy firms, including Millennium and Ken Griffin’s Citadel, managed small gains, according to a report by Business Insider.

Nabil Oujjane, the founder of multi-strategy hedge fund firm Aster Capital Management, which manages funds on behalf of Schonfeld Strategic Advisors, is relocating from London to Dubai, joining the growing number of portfolio managers operating from the emirate, according to a report by Bloomberg.

Several high-profile hedge funds including Balyasny, Man Group, Winton and Bridgewater Associates are rekindling their interest in portable alpha strategies, which seek to ‘decouple’ alpha from beta to capture market-beating returns, according to a report by Business Insider.