Liquid Alternatives / Trends

While some of Wall Street’s largest banks are urging clients to make bullish bets on Brazil, local hedge funds are steering clear, with firms including Verde Asset Management and Ibiuna Investimentos maintaining their bets on a weaker Brazilian real, according to a report by Bloomberg.

Ray Dalio, founder of global hedge fund major Bridgewater Associates, and Lim Chow Kiat, CEO of Singapore’s sovereign wealth fund GIC, have expressed growing caution regarding the global economic outlook due to political risks and uncertain growth prospects, according to a report by the Straits Times.

Two Sigma, the US quant hedge fund firm founded by John Overdeck and David Siegel, is in discussions with the Securities and Exchange Commission (SEC) to settle a probe related to a trading misconduct case, according to a report by the Wall Street Journal.

Hedge funds extended their winning streak to four months in a row in August taking overall YTD returns close to double-digit territory with a range of strategies delivering positive performance amid a spike in market volatility early in the month, according to the latest data from Citco.

TOP STORY: Balyasny Asset Management, Dmitry Balyasny’s $21bn hedge fund firm, is embarking on a significant new chapter, with star portfolio manager Peter Goodwin set to build his own long-short equity division, Longaeva Partners, within the firm, according to a report by Business Insider.

Rokos Capital Management, the hedge fund founded by Chris Rokos, saw its macro strategy suffer one of its steepest monthly declines in August as global market volatility spiked on concerns of a potential US recession, according to a report by Bloomberg,

Steve Cohen, the founder of US hedge fund major Point72 Asset Management, is stepping away from trading to focus on overseeing the firm he established a decade ago, including remaining actively involved in investment decisions as Co-Chief Investment Officer, according to a report by Bloomberg.

Hedge funds advanced 0.75% in August according to the gross return of the SS&C GlobeOp Hedge Fund Performance, while hedge fund flows, as measured by the SS&C GlobeOp Capital Movement Index, advanced 0.39% for September.

Philip King’s Regal Partners Ltd has made a bid to acquire rival Platinum Asset Management Ltd as part of its aggressive expansion, which has seen the firm’s assets more than triple in the last two years, according to a report by Bloomberg.

„Hedgefonds sind gut durch die extrem volatile Phase zu Monatsbeginn gesteuert“, berichtet Kenneth J. Heinz, Präsident von HFR, aus dem aktuellen Report seines Hauses. Demnach konnten die meisten Indizes die anfänglichen Verluste im Laufe des Monats ausgleichen und den August mit kleinen Gewinnen beenden.

As China’s efforts to prop up the yuan begin to fade, data due out this week is expected to confirm that a once-popular strategy among foreign investors has lost momentum in August, according to a report by Bloomberg.

Millennium Management, the multi-strategy hedge fund major founded by Izzy Englander, is aiming to raise between $7bn and $10bn in new capital as part of a strategy to secure a more permanent funding structure for the firm, according to a report by Bloomberg.