Hedge fund performance jumped in November as economic data showed a welcome decline in inflation, resulting in falling bond yields, and surging equity and cryptocurrency markets, as investors positioned for the end of the Federal Reserve interest rate increasing cycle.
Balyasny Asset Management is lagging behind its multi-strategy peers in terms of performance after a tough November saw the firm lose 1.2%, paring year-to-date returns to just 1.5%, according to a report by Business Insider.
Winning bets on the rebound in Japan’s economy, economic trends, and the AI-powered tech stock rally, have helped position Asia hedge funds to post improved performance in 2023, according to a report by Bloomberg.
Digital asset inflows totalled $176m last week, reaching a 10-week cumulative total of $1.76bn, the highest seen since October 2021’s futures-based ETF launch in the US, according to the latest Digital Assets Fund Flows Weekly Report from CoinShares.
Hedge fund Tiger Global Management’s biggest venture capital fund chalked up a paper loss of 18% at the end of September after the firm slashed valuations on multiple portfolio companies, according to a report by Bloomberg.
Samuel Tisch, a grandson of the late billionaire Larry Tisch, has ended a ten-year stint at family friend Izzy Englander’s Millennium Management, to set up his own hedge fund firm, according to a report by Bloomberg.
Hedge funds that pivoted from China to Japan in 2023 have struggled to make money, according to a report by Reuters. The report notes that even though Japan is the third largest economy, fund managers have struggled to make sense
Irradiant Partners, an alternative investment manager with over $10bn in assets under management, announced the closing of $411m in commitments on the third vintage of the Irradiant CLO equity strategy.
TOP STORY: Despite investors limiting their exposure to the Chinese market, computer based funds still see plenty of opportunity in China, according to a report by The Financial Times.
Hedge funds have limited their exposure to healthcare equities, while opting for small-cap stocks in the last week, according to a report by Reuters, that cites a BofA Securities note about its clients flow trends.
