Hedge Funds
With global hedge fund assets at roughly $3.45 trillion (and growing by double-digit percentages each year), money managers have a greater influence on public and private markets than ever before. DailyAlts covers every element of the hedge fund industry – from changing performance structures to manager strategies, from regulatory oversight to activist holdings, and from new fund launches to the liquidation of underperformers. This channel is your one-stop-shop for daily news and insights for the influential and topical hedge fund space.
Top Story
European investors, both retail and institutional, are showing a growing interest in hedge funds and alternative investment options, as indicated by recent findings from Cerulli Associates. In the UK, Italy, and Switzerland, there’s a notable preference for semi-liquid funds for private market investments, with 50% of UK wealth managers favoring this approach.
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More Stories on Hedge Funds
Artificial Intelligence: Bridgewater Post-Dalio – More AI And Machine Learning, Less People
CEO Nir Bar Dea is now at the helm of Bridgewater. Bridgewater Associates, the world’s largest hedge fund, is adopting a new strategy under the leadership of CEO Nir Bar Dea, following its founder Ray Dalio’s departure five months ago. Bar Dea’s strategy aims to improve returns, increase profitability, and develop new sources of revenue….
Liquid Alternatives: Man Group Anticipates Higher Demand For Liquid Alternatives This Year
Man Group (LON: EMG), one of the largest publicly traded hedge funds, has reported higher pre-tax profit in 2022, up from 2021, and raised its core net revenue by 14%. The UK-based asset manager has said that it expects more demand for liquid alternative strategies this year after delivering positive returns for investors from the strategy in 2022.
Alternative Investments/Hedge Funds: Ex-Bridgewater Executive Launches Unlimited – A Hedge Fund Tracking ETF
Unlimited, a new investment firm purpose-built to give all investors exposure to the alpha-generating potential of alternative investment strategies without the high fees and adverse tax implication, has been launched by Bob Elliott, former member of the Investment Committee at Bridgewater Associates. The firm has debuted the Unlimited HFND Multi-Strategy Return Tracker ETF (NYSE: HFND), an actively managed fund which uses a sophisticated machine learning engine to track the gross-of-fees returns across several hedge fund indices.
Digital Assets: Two-Thirds Of About 1,900 Crypto Hedge Funds Will Fail (Mike Novogratz)
Speaking at the Piper Sandler Global Exchanges & Brokerage Conference in New York, Novogratz said the Fed’s removal of stimulus led to a correction in the broader financial market, in turn triggering a collapse in crypto prices. As a result, a large number of crypto hedge funds could fail.
Alternative Investments/ESG: On The Eve Of COP26, Hedge Funds Ambivalent On ESG (Survey)
The results of a poll of hedge fund managers conducted by Hedge Fund Research showed that 53% of them (687 managers) incorporated ESG factors and sustainability metrics into their investment processes. However, 47% (609 managers) said they did not do so. The results are significant, coming as they do ahead of the 2021 UN Climate Change Conference (COP26) in Glasgow this weekend.
Digital Assets: SFOX Launches Crypto Trading Platform For Hedge Funds And Asset Managers
SFOX, a crypto prime broker, has launched a trading product that will allow hedge funds to execute highly sophisticated trading strategies at scale. The new crypto product offers features that were previously only available to the market’s largest firms.
Alternative Investments/Hedge Funds: Inflation Fears Boost Hedge Funds’ AUM To Nearly $4T
A market survey by alternatives technology provider Vidrio Financial shows that fears of inflation have helped move substantial fund allocations during the first half of 2021 to alternative assets such as private equity and hedge funds. Market sentiment has tended to favor these asset classes during inflationary periods in the economy. Total hedge fund assets burgeoned to nearly $4 trillion by the end of the period, according to HedgeWeek.
Liquid Alternatives/Hedge Funds: Aspect Capital Launches Core Strategy In Liquid Wrapper
The Aspect Core Diversified Programme is offered in a daily-liquid, UCITS-compliant investment vehicle. Aspect Capital Limited, a London-based systematic hedge fund and CTA pioneer with $8.8 billion in assets announced Wednesday (July 21, 2021) its launch of the Aspect Core UCITS Fund. The new fund joins the Aspect Diversified Trends Fund and the Aspect Systematic…
Alternative Investments/Hedge Funds: ASYMmetric Launches The ASYMshares ASYMmetric 500 ETF With An All-Weather, Long-Short Strategy
ASYMmetric ETFs, LLC announced the launch today of its ASYMshares ASYMmetric 500 ETF (NYSE: ASPY), calling it a disruptive risk management tool. The turnkey investment solution seeks to provide protection against bear market losses and to capture the majority of bull market gains.
Alternative Investments/Hedge Funds: Man Group Reports Alternatives Funds AUM At $77.2B
Man Group (LON: EMG), the listed London-headquartered global hedge fund group, reported a strong set of numbers for 2020. Aggregate AUM moved up sharply to a record $123.6 billion as of end-December. Despite the pandemic, Man attracted net investor inflows of $1.8 billion, which reversed 2019’s outflows of $1.3 billion.
Alternative Investments: Investors Turn To Alternatives For ‘A.I.D.’ (JPMorgan Report)
The events of 2021 forced us all to reconsider what the “essentials” in our lives are: Health professionals, our family, our health, home, friends, and a good internet connection. The third annual Global Alternatives Outlook by J.P. Morgan Asset Management recommends you add another item to that list of essentials – alternative investments.
Liquid Alternatives/Hedge Funds: New OYSTER Stable Return SICAV Fund Replicates Hedge Fund Returns
The OYSTER Stable Return SICAV fund will provide investors with an all-weather strategy focused on delivering stable hedge fund returns to institutional and retail investors with competitive fees, daily liquidity, and transparency.
The fund aims to use liquid exchange trade products to replicate the portfolios of leading hedge funds. At an annual management fee of only 0.8%, the fund will use a proprietary replication process.
Alternative Investments/Hedge Funds: ETFs’ AUM Continues To Trounce Hedge Funds (ETFGI)
As at end of Q3 2020, ETFs AUM exceeded that of hedge funds by $3.58 trillion. Hedge funds gathered net inflows of $13 billion during Q3 while ETFs/ETPs gathered net inflows of $194.4 billion, according to data from ETFGI.
Digital Assets: Paul Tudor Jones Says Bitcoin Rally In Its “First Innings”
Paul Tudor Jones made a splash in May when he disclosed a bitcoin investment and called the cryptocurrency the fastest horse in the race against inflation. On Thursday, he was on CNBC’s Squawk Box, and this time, he said bitcoin was similar to an investment in a tech startup.
Digital Assets: Panxora Launches AI-Powered, Quantitative Hedge Fund For DeFi
The Panxora Group announced Monday its launch of a DeFi-focused hedge fund. The Cayman Island-based fund will offer investors the opportunity to invest in DeFi tokens and is already accepting subscriptions.
Alternative Investments: SEC Revamps Definition of “Accredited Investor” For Private Capital Markets
The SEC on Wednesday amended its definition of “accredited investor,” a term that drew a line between high-earning, deep-pocketed investors and retail investors for access to often lucrative opportunities in the private capital markets. Also known as “alternative investments,” these markets include, for example, venture capital, hedge funds, private equity, and real estate.
Hedge Funds: Hedge Funds Mount Pressure on EU Loophole
Hedge Funds: Hedge Funds Mount Pressure on EU Loophole European regulators are attempting to close a loophole that allows front-running. The London Stock Exchange Group and Euronext NV claim that the EU should instill more restrictions to monitor brokers’ trades on price inquiries from their clients. However, traders will gain knowledge from a security before…
Hedge Funds: Hedge Fund Gains from Wildfires Bet
Hedge Funds: Hedge Fund Gains from Wildfires Bet Prominent hedge fund Baupost Group received over $3 billion in July from its bet on insurance claims. These claims were targeted against PG&E Corp. which was connected to California wildfires. Baupost Group saw a massive profit from this buyout. According to Bloomberg, Baupost bought some of the…
Hedge Funds: Hedge Funds Hesitant on Gold
Hedge Funds: Hedge Funds Hesitant on Gold Hedge funds have reduced their focus on gold as the market for gold has become more turbulent. The CFTC illustrated that money managers decreased their gross long positions. Comex gold futures shrunk by 4,402 contracts to a total of 151,016. Short bets fell by 2,148. Gold’s net length…
Hedge Funds: Hedge Fund to Close Following Neiman Marcus Bankruptcy
Hedge Funds: Hedge Fund to Close Following Neiman Marcus Bankruptcy Hedge fund Marble Ridge Capital plans to divest following questionable actions taken by managing partner Dan Kamensky. These actions were in relation to the Neiman Marcus bankruptcy. According to a statement by Marble Ridge, “After much consideration, and in light of the operating environment, we…
Hedge Funds: Investors Gain Interest in Hedge Funds Amid Pandemic
Hedge Funds: Investors Gain Interest in Hedge Funds Amid Pandemic Investors now plan to put more cash into hedge funds rather than less. This has not occurred in years. For instance, a survey by Preqin showed that 44 percent of hedge fund investors plan to invest in hedge funds in the next year. This is…
Hedge Funds: Citi Wins Battle Against Hedge Fund and Creditors
Hedge Funds: Citi Wins Battle Against Hedge Fund and Creditors Citigroup won its battle to regain $900 million that it sent to cosmetic company Revlon creditors. Citi accidentally sent this money and intended to recover the funds as soon as possible. In addition, a U.S. judge blocked hedge fund Brigade Capital from doing anything…
Hedge Funds: Citibank Accidentally sends $175 Million to Brigade Capital
Lawsuit Follows Mistaken Payment. Citibank accidentally wired $175 million to Brigade Capital Management. The hedge fund has not returned the money, which led Citibank to file a lawsuit. The bank hopes to get the money back and argue that it was an “operational mistake.” In court documents, Citibank explained that its intention was to send…
Hedge Funds Short on Dollar for First Time Since 2018
Hedge Funds: Hedge Funds Short on Dollar for First Time Since 2018 Hedge funds have decreased in share prices for the first time since May 2018. A decrease in price for the world’s reserve currency will continue as the market remains unpredictable. Net futures held by funds against eight currencies dropped to minus 7,881 contracts. …