Liquid Alternatives News

Opalesque Industry Update – Hedge funds extended the 1Q surge through March, led by Macro strategies, which posted its best month since March 2022 and its strongest quarter in over 20 years. Industry-wide gains were driven by trend-following CTAs, Energy, Multi-Strategy, Healthcare, and Cryptocurrency exposures, expanding the powerful 5-month return for the HFRI Fund Weighted […]

London-based activist hedge fund Bluebell Capital Partners has set its sights on BlackRock, the world’s largest asset manager, with a proposal to oust Larry Fink, the company’s Founder, from his position as Chairman, according to a report by the Wall Street Journal.

Hong Kong-based activist hedge fund Oasis Management has set its sights on Japanese cosmetics and skincare company Kao Corporation, whose brands include Molton Brown and Curél, by urging the company to divest underperformers from its portfolio.

Legal & General Investment Management (‘LGIM’), one of Europe’s largest asset managers and a major global investor, launches a new Short-Term Alternative Finance Fund (‘the Fund’) which will sit on a newly launched RAIF platform (a Luxembourg domiciled umbrella fund platform), in response to growing interest from investors.

Disney’s claims are “based on the tabulation of its proxy solicitor”, according to a press statement, although final voting tallies are subject to certification by the company’s independent inspector of elections. Preliminary and final results will be included in the company’s reports to be filed with the Securities and Exchange Commission in the coming days.

The reports cites unnamed sources familiar with the matter as revealing that Citadel Global Equities and the firm’s Tactical Trading fund performed even better than Wellington with gains of 6.3% and 7.6%, respectively, in the first three months of the year.

Law suits brought by Aurelius Capital Management and other hedge funds seeking payments on securities linked to the performance of Argentina’s economy, have been dismissed by a federal court in Manhattan, according to a report by Bloomberg.

2023 lief es nicht so gut für die erfolgreichsten Hedgefonds-Manager wie im Vorjahr. Einer überflügelte allerdings die Konkurrenz und sicherte sich die Spitzenposition – so die 23. „Rich List“ des Magazins „Institutional Investor“. Die Rangliste basiert auf einer Kombination aus Gebühreneinnahmen und Gewinnen aus eigenen Kapital.

New hedge fund launches fell while liquidations were steady in Q4 to conclude 2023 as managers positioned for falling inflation and an improving economic outlook, albeit with geopolitical risk rising to historic levels, according to the latest HFR Market Microstructure Report.

Clients of ExodusPoint Capital Management, the $12bn multi-strategy hedge fund firm founded by Michael Gelbrand, pulled about $1bn in funds from the New York-based firm during 2023, the second straight year of withdrawals, according to a report by Bloomberg.

Oil trader Pierre Andurand’s riskiest hedge fund, the Andurand Commodities Discretionary Enhanced hedge fund, has bounced back following a record 55% loss in 2023, gaining 20% so far this year, according to a report by Bloomberg.

With the price of gold having hit multiple record highs in recent weeks, hedge fund managers are now beginning to turn their attention to silver as the next potential precious metal momentum play, according to a report by Kitco.