Man Group reports robust H1 performance
Hedge Week
by Nadya Oppenheim
15h ago
Man Group, the world's largest listed hedge fund firm, has reported strong H1 results, including positive investment performance of $11.1bn – a 2.1% increase relative to peers – and net inflows of $0.9bn, surpassing the industry average by 1.8 ..read more
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Trend follower Mulvaney sees Q2 surge as peers decline
Hedge Week
by Nadya Oppenheim
15h ago
Mulvaney Capital's systematic long-term trend-following programme has outperformed so far in 2024, with the strategy recording a huge 134.22% gain despite a decline last month, according to a report by Institutional Investor ..read more
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Standard General to acquires casino co Bally’s in $4.6bn deal
Hedge Week
by admin
15h ago
Rhode Island-based casino and gaming operator Bally's Corporation is to be acquired by its largest shareholder, hedge fund Standard General, in a deal valued at $4.6bn, including debt, according to a report by the Business Journals ..read more
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Hedge funds to offload $45bn in equities, says Morgan Stanley
Hedge Week
by Nadya Oppenheim
15h ago
Morgan Stanley has revealed that computer-driven macro hedge fund strategies initiated a significant stock sell-off on Wednesday, shedding $20bn in equities, with the bank's prime brokerage desk anticipating an additional $25bn in equity sales over the next week, according to a report by Reuters ..read more
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Asia hedge fund major Aspex sees 21% H1 gain
Hedge Week
by Nadya Oppenheim
15h ago
Hermes Li’s Aspex Management, one of the largest hedge funds in Asia, has reported a strong performance in the first half of 2024, with a 21% return, significantly boosting its AUM to over $9bn, according to a report by Bloomberg ..read more
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Ackman slashes target size for new US-listed fund
Hedge Week
by mkitchen
21h ago
TOP STORY: Bill Ackman has announced a significant reduction in the fundraising target for his new US-listed fund, Pershing Square USA, citing investor apprehensions about the fund's structure and cash deployment strategy, according to reports ..read more
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Decentralised trading platform tanX passes $1bn quarterly trading volume milestone
Hedge Week
by mkitchen
21h ago
Decentralised digital and real world assets trading platform tanX processed $1bn in spot trading volume across three million transactions during the second quarter of the year, marking a 70% increase from the previous quarter ..read more
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Hedge funds see net inflows in Q1 as positive performance continues
Hedge Week
by Nadya Oppenheim
21h ago
Equity and global macro funds were among the winners as hedge funds maintained their winning streak in Q2, making it seven consecutive quarters of positive returns, while the quarter also saw a return to net inflows for the first time since early 2022, according to data from Citco ..read more
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Ex-Macquarie quant hedge fund boss to launch new Japan strategy
Hedge Week
by Nadya Oppenheim
21h ago
Nick Bird, the head of Hong Kong-based OQ Funds Management and the the former head of Macquarie Group's quantitative hedge fund, is looking to capitalise on renewed interest in Japan with the launch of a new strategy focused on Asia's second-largest economy, according to a report by Bloomberg ..read more
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Texas Teachers gains allies in push for hedge fund fee reform
Hedge Week
by Nadya Oppenheim
21h ago
Institutional investors, led by the $202bn Texas Teacher Retirement System in Austin, are rallying support to push for the implementation of cash hurdles in hedge fund incentive fees, according to a report by Pensions & Investments ..read more
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