Liquid Alternatives News

Hedge funds are shifting away from technology stocks, particularly semiconductor and chip equipment, following robust gains in Q1 2024, according to a report by CNBC citing data from Goldman Sachs’ prime brokerage.

The Carlyle Group and Goldman Sachs Private Credit have extended a $1.1bn payment-in-kind loan to global fund administrator Apex Group, according to a report by Bloomberg.

Balyasny Asset Management has terminated its $250m managed account with Franck Tuil’s activist hedge fund, Sparta Capital Management, within a year of initially backing the former Elliott Investment Management trader, according to a report by Bloomberg.

London-based multi-manager hedge fund platform Falcon Investment Management has launched a new open-ended fund providing family offices with access to a hedge fund strategy previously reserved for large institutions.

Bobby Jain has raised $5.3bn in commitments for his new multi-strategy hedge fund, marking the largest hedge fund launch since ExodusPoint Capital Management’s 2018 debut, according to a report by Bloomberg.

Hedge funds saw notable gains in May, benefiting from a resurgence in global equity markets fuelled by historically low unemployment and stable or slowly declining inflation rates, according to PivotalPath’s Composite Index.

Emerging markets hedge funds experienced accelerated gains through mid-2024, according to the latest data from Hedge Fund Research.

Earlier this year, Bayview Asset Management structured two re-securitisation trades worth $642m, the structures of which were modelled after similar pre-2008 financial crisis transactions by a major US bank, according to a report by Reuters.

Steve Cohen’s Point72 Asset Management is planning to raise approximately $1bn for a new hedge fund focusing on AI, marking the firm’s first new hedge fund in decades, according to a report by Bloomberg.

Net assets of Ucits and alternative investment funds doubled over the last decade, reaching €20.7 trillion in 2023, a record-breaking year for ETFs, according to the European Fund and Asset Management Association (Efama).

Philip King, CIO at Regal Funds Management, has initiated a short position in the shares of Commonwealth Bank of Australia, pointing to what he describes as one of the world’s most expensive valuations, according to a report by Bloomberg.

Hedge funds have been using the Texas office of the National Association of Private Fund Managers, a group focused on challenging SEC rules, for strategic access to the Fifth US Circuit Court of Appeals in New Orleans, according to a report by Bloomberg.

Institutional investors managing trillions of dollars are seeing the potential benefits of alternative investments and more than half of those surveyed are planning to increase their allocations into the products, according to a white paper by Clearwater Analytics. Diversification is one of the top reasons institutional managers are gravitating toward alternatives, said Jonathan Flitt, Clearwater’s […]

Aaron Weiner, formerly of Coatue Management, is set to establish his own hedge fund with substantial backing from Izzy Englander’s Millennium Management, according to a report by Bloomberg.