New hedge fund launches fell while liquidations were steady in Q4 to conclude 2023 as managers positioned for falling inflation and an improving economic outlook, albeit with geopolitical risk rising to historic levels, according to the latest HFR Market Microstructure
Axiom Alternative Investments, an independent asset manager specialising in European financial stocks has expanded its fund offering with the launch of a new long-short equity strategy – Axiom Long Short Equity – which will be managed by Antonio Roman.
Astignes Capital Asia Pte, a Singapore-based hedge fund firm focused on macro and relative value investments in the Asia-Pacific region, is opening its new Astignes Systematic RV Macro Fund to outside investors from April, according to a report by Bloomberg.
Activist hedge funds have ramped up their campaigns at South Korean companies with 77 businesses targeted last year compared with just eight in 2019, marking a tenfold increase in activity according to a report by Chosun.
Oil trader Pierre Andurand’s riskiest hedge fund, the Andurand Commodities Discretionary Enhanced hedge fund, has bounced back following a record 55% loss in 2023, gaining 20% so far this year, according to a report by Bloomberg.
Systematic hedge funds, which employ algorithms to identify investable market trends, have significantly outperformed other fund strategies during the first quarter of the year, according to a report by MarketGuru.
A resurgence of investor interest in natural resources has prompted Kimura Capital, a London-based provider of trade finance credit for commodities, to start a new commodity-focused hedge fund, according to a report by Bloomberg.
Hedge funds continued to provide investors with positive returns in February with funds administered by Citco delivering an overall weighted average return of 2% over the month, to give them a YTD weighted average return of 3.5%.
Goldman Sachs Group’s asset management arm has raised over $700m in capital commitments for Union Bridge Partners I, a new opportunistic co-investment strategy that will focus on making investments alongside hedge funds and private credit firms.
Global allocators upped their alternative asset allocations – private equity, credit, real estate, real assets, infrastructure and hedge funds – to $172bn in 2023 a 19% increase from the $144bn seen in the previous year, according to a research commissioned
