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Activist Global, a multi-strategy hedge fund of fund manager, is planning to create a new global charity foundation named Temporary Nations aimed at supporting refugees around the world. read more
Seven new liquid alternative funds were launched in Q1 2017, including three equity hedge funds, two relative value funds, one global macro fund and one multi-strategy fund, according to the Wilshire Funds Management Q1 Liquid Alternatives Industry Monitor. There were also 18 liquidations during the quarter.
Paul Singer’s Elliott Management will reportedly accept new investments starting in the second quarter, reopening one of the best-known multi-strategy hedge funds to additional capital just as large shifts in broad trends like interest rates begin.
The flagship fund at the gazillionaire's hedge fund firm, Citadel, recorded its worst results in eight years in 2016, according to trade rag Institutional Investor's Alpha....
Steve Cohen's Point72 Asset Management returned about 1 percent in 2016, the second-worst annual performance ever for the billionaire investor, according to people familiar with the returns. The family office, which runs Cohen's personal fortune and invests across equity teams, suffered along with other multi-manager firms, which struggled to make money in stocks. The high correlation among equities for most of last year, caused in part by the billions of dollars that flowed into index and exchange-traded funds, hurt managers making significant wagers on falling shares.
Targeting an annual return of 3 per cent gross above cash over rolling three-year periods, the fund will focus on absolute risk-adjusted returns rather than a benchmark-relative approach.
Multi-strategy hedge fund manager Elliott Management Corporation, through an affiliate, is to acquire a controlling interest in Aeolus Capital Management (ACM) and its affiliated entities. read more