Hedge Funds

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.

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Alternative Investments/Hedge Funds: ETFs’ AUM Continues To Trounce Hedge Funds (ETFGI)

November 2, 2020

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.

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More Stories on Hedge Funds

Digital Assets: Paul Tudor Jones Says Bitcoin Rally In Its “First Innings”

October 23, 2020

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

September 24, 2020

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

August 27, 2020

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

August 27, 2020

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

August 26, 2020

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

August 25, 2020

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

August 24, 2020

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

August 21, 2020

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 

August 20, 2020

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

August 19, 2020

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

August 18, 2020

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. …

Hedge Funds: Bridgewater Associates Invests $400 Million in Gold

August 17, 2020

Hedge Funds: Bridgewater Associates Invests $400 Million in Gold Ray Dalio’s Bridgewater Associates hedge fund has invested $400 million in gold during the second quarter.  Based on Bridgewater’s 13F filings, the hedge fund bought 1.4 million shares of the SPDR Gold Trust.  Additionally, the company acquired 4.1 million shares in the iShares Gold Trust.  Bridgewater’s…

Hedge Funds: Lone Pine Hits the Jackpot

August 11, 2020

200% Gain on Afterpay Investment.  United States-based hedge fund Lone Pine Capital has hit a $56 million jackpot in profits on Afterpay.  This firm made returns of over 200 percent on a $27 million investment in Afterpay shares.  Its total proceeds exceeded $80 million in just a few months.  Its investments were scattered across four…

Sender’s Hedge Fund Sees Sharp Gains Amid Unprecedented Robinhood Stock Trading

August 6, 2020

Sender Company & Partners Up 30% YTD.  Hedge fund Sender Company & Partners has seen a 30 percent net gain in 2020 following a series of bets on stocks that are popular on the Robinhood trading platform.  Hertz, Tesla and Nio were among those driving skyrocketing returns. Sender is among a group of institutional investors…

Hedge Funds: Bitcoin In Play as Funds Dive Back In

July 31, 2020

Crypto Hedge Funds Move In On Bitcoin.  Bitcoin fell by 50 percent in cryptocurrency’s price in March, but subsequently rose back up to trade at $11,200.  Investors should caution as this trend could lead to another major slump — most notably like the 2017 80 percent Bitcoin slump.  Especially with the uncertainty of COVID-19, investors…

Hedge Funds: Boaz Weinstein’s Saba Capital Up 90%  

July 30, 2020

Saba Projects Continuing Gains   Hedge fund industry observers are buzzing of Saba Capital Management’s purported sharp gains, in addition to the firm’s projections of seeing additional returns of this caliber in the months ahead. Boaz Weinstein, founder of Saba, shares that “Markets are at an unstable place right now. I look out at the next…

Hedge Funds Meet Real Estate: A Texas Case Study

July 29, 2020

Hayman Capital in Focus.  Hedge fund investor Kyle Bass recently bought, among other real estate, the downtown Dallas Statler hotel.  He purchased a 50 percent stake in four real estate properties and a minority stake in the Statler hotel.  In addition to the Statler, he purchased a stake in the Entrada development and the Central…

Hedge Funds Bullish on Electric Vehicle Sector

July 24, 2020

EV Attracts Hedge Fund Attention.  Formidable Asset Management is among the many hedge funds keeping a close eye on the electric vehicle market.  Following its gains from a bet on Workhorse Group, the fund is looking to invest in Nano One Materials Corp.  The company cites its implementation of durable nano crystals as a transformative…

Hedge Fund Industry Loses Early Torchbearer Arthur Samberg

July 22, 2020

Pequot Founder’s Legacy. Arthur Samberg, founder of Connecticut-based Pequot Capital Management, at one time one of the world’s leading funds, passed earlier this month after suffering from leukemia. Samberg led a long career in finance, and was moved into the spotlight following Pequot’s founding back in 1999.  The firm was successful in its early days,…

Hedge Fund MingShi + AI = $1 Billion Blockbuster

July 22, 2020

Chinese AI-Powered Hedge Fund Nears $1 Billion  Shanghai-based hedge fund MingShi Investment Management implements artificial intelligence as its main strategy for making investments.  The firm has already raised $600 million in the last four months and is moving quickly at secure another $400 million in the coming days. According to MingShi partner Stepham Zhou, “China…

Liquid Alternatives Showing Their Strength Amid 2020’s Volatility

July 16, 2020

Wilshire Liquid Alternative Index Up in June. The Wilshire Liquid Alternative Index was up nearly 1% in June, continuing to show strength in navigating this year’s wild market ride. The Index is a benchmark for the performance of Liquid Alternative Funds. Longtime Wilshire Associates veteran, Jason Schwarz, said that “Markets rallied in the second quarter…

Hedge Fund Axonic Capital to Raise $1 billion for Credit Deals

July 15, 2020

Credit Funds on the Rise Following a credit sell-off in March, Axonic Capital is looking to make a comeback through raising nearly $1 billion.  Investors are looking to capitalize on undervalued assets with this fund.  The firm was a key player in the 2008 financial crisis through its role with mortgaged-backed securities.  With its nascent…

Hedge Funds: Chatham Asset Management Wins Bid for McClatchy Newspapers

July 14, 2020

One of the nation’s leading news publishers, the McClatchy Company, will be purchased by Chatham Asset Management.  This is following many years of revenue decline for the publishing company.  The McClatchy Company has had 163 successful years of family ownership.  It will now be sold in a bankruptcy auction to the New Jersey-based hedge fund….

Despite Turbulence, Hedge Funds Achieve Q2 Gains

July 10, 2020

Hedge Funds Up Amid Volatile Markets.   Hedge funds were up nearly two percent in the month of June.  This means that the industry faced its third monthly gain in a row.  Although the industry aggregate  — as measured by the HFRI Fund Weighted Composite Index — is still down, hedge funds are doing well considering…