Liquid Alternatives News

BlackRock is in preliminary discussions with Millennium Management to explore a potential strategic partnership that could see the world’s largest asset manager take a minority stake in one of the hedge fund industry’s most profitable firms, according to a report by the Financial Times.

Leaving Goldman Sachs often leads to a hedge fund position, such as at Citadel. But Mark Maislish, a former Goldman Sachs Managing Director, has joined Gibraltar-based online gaming company Pragmatic Play, following a short stint as a Portfolio Manager at multi-strategy hedge fund major Citadel, according to a report by eFinancial Careers.

A volatile three months puts hedge funds ahead in the third quarter as interest-rate moves and macro factors drive returns. Hedge funds gain 3.48% following an eventful third quarter. Event-driven funds rally as value returns to favor. APAC and emerging markets hedge funds lead regional performance as equities climb on Chinese stimulus blueprint.

The Canadian Hedge Fund Awards help investors identify the most exceptional hedge funds, recognizing winners in 6 categories as well as the Overall Best 2024 Canadian Hedge Fund.

Hedge funds have historically performed better when a Democrat is in the White House, according to a report by Reuters citing data released on Tuesday by research firm Hedge Fund Research (HFR), as US voters headed to the polls.

Hedge funds concentrated on European equities faced their most significant monthly losses in over a year during October, primarily due to a broader market sell-off, according to a report by Reuters citing data from the Prime brokerage division at Goldman Sachs.

As a tight US election race heads to its conclusion, some hedge funds are pivoting toward currency options that could profit from a weaker dollar in the event of a Kamala Harris presidency, according to a report by Bloomberg citing data from the Depository Trust & Clearing Corp (DTCC).

Hedge funds and other speculative traders are positioning for a further rally in the dollar as demand for safe-haven assets intensifies ahead of the US presidential election, according to a report by Bloomberg citing data from The Commodity Futures Trading Commission (CFTC).

Global hedge funds are heading into the US presidential election with significantly higher equity leverage in their portfolios than at the start of the year, signalling an increased appetite for risk, according to a report by Bloomberg.

China’s quantitative hedge funds, which have consistently outperformed in recent years, are struggling to keep up as the government’s recent economic stimulus has triggered a surge in local stocks that has strained their models and short positions, according to a report by Bloomberg.

Hong Kong’s Securities and Futures Commission (SFC) has revised its guidelines on market sounding practices, softening certain requirements after receiving feedback from hedge funds and banks, according to a report by Bloomberg.

The Singapore dollar is gaining traction as a favoured currency trade for hedge funds and other option investors eyeing the upcoming US presidential election, according to a report by Bloomberg citing data from the Depository Trust & Clearing Corporation (DTCC).

Hedge funds recorded their eighth successive quarter of positive returns in Q3 2024, with funds achieving an overall weighted average return of 3.22%, a 1.09% increase on Q2, according to a new report from Citco.

Shanghai-based Power Asset Management has closed its options arbitrage strategy following significant losses amid recent market volatility, making it the latest Chinese hedge fund to be impacted by unpredictable stock movements linked to government stimulus efforts, according to a report by Reuters.