Liquid Alternatives News

European opportunistic credit manager Chepstow Lane Capital achieved net returns of 13.24% in 2024, according to a report by Bloomberg News citing an investor letter.

York Capital Management’s Asia hedge fund spinoff, MY.Alpha Management HK Advisors, is raising funds for a new venture aimed at capitalising on South Korea’s corporate value-boosting measures, according to a report by Bloomberg.

Ken Griffin’s Citadel had raised $1bn through the sale of high-grade bonds on Wednesday to fund a payout to its owners, according to a report by Bloomberg UK.

Clearwater Analytics is set to acquire Enfusion, a SaaS provider for investment management and hedge funds, in a deal valued at approximately $1.5bn.

Quant hedge funds had a strong showing in 2024, much like their counterparts in the multistrategy space, as algorithm-driven firms achieved double-digit gains across various strategies, according to a report by Business Insider.

Global hedge funds ramped up their bets against US stocks in the week leading up to 9 January, anticipating a strong US jobs report that triggered a Wall Street sell-off, according to a report by Reuters citing notes from Morgan Stanley and Goldman Sachs.

The Managed Funds Association (MFA) has applauded the UK Parliament’s approved reforms to the short-selling regulation, with Rob Hailey, MFA Managing Director, Head of EMEA Government Affairs, describing them as a win for the UK economy.

Point72 Asset Management, owned by billionaire Steve Cohen, plans to return between $3bn and $5bn to investors after achieving significant profits, according to a report by Bloomberg.

Two Hong Kong-based firms, Welwing Capital and Jetha Global, have joined the growing list of hedge funds in Dubai, as the emirate’s International Finance Centre continues to see an influx of investment firms, according to a report by Bloomberg.

Hedge funds prove their risk mitigation role for investors but outflows haunt the asset class even as green shoots appear. Hedge funds AUM was up 11.5% in the 12 months to Sept. 30, 2024, but long-term outflows point to investors cooling on the asset class, although some strategies are still attracting capital.

Singapore-based hedge fund Modular Asset Management, a spinoff of Millennium Management, is set to establish a presence in Hong Kong, reflecting the city’s ongoing efforts to solidify its status as a global financial hub, according to a report by Bloomberg.

Hedge funds gained in December to conclude a volatile year, navigating election and geopolitical risks, falling but persistent inflation, and surging cryptocurrency prices, with macro and arbitrage strategies leading the way, according to the latest data from HFR.