A fresh list of hedge funds H1 returns. But it's not comprehensive (there're >10k funds). We are listing what we could confirm. Yes, your fund may have done better. Benchmarking to S&P 500 for six months period is not the best comparison. You can still do if you like
The Bloomberg Big Take: A look inside hedge fund giants performing a kind of human-resources alchemy: turning the base metal of promising analysts into the gold of portfolio managers who might bring you $50m to $100 m in yearly profit
via
@markets
Schonfeld was the best-performing large multistrategy hedge fund in the first quarter, recovering from challenges it faced in 2023 when investors pulled money and a potential deal with Millennium fell apart
Chatth celebrations in London: the most important festival of my homeland, Bihar in India. We pray to the source of all life—sun. The only festival that celebrates the setting sun as well as the rising one.
@vikasvaibhavips
@LetsInspireBih
LETS INSPIRE BIHAR CHHATH DAY1
From the land of India’s first president. Little master devoting his time to studies while his father’s friend teaches him during busy shopping time at his small shop. No wonder 40% of Indian districts have a civil servant from Bihar
#letsinspirebihar
Hedge fund training factories show a historic shift & a recruitment crisis. The behemoths don’t have enough stars to share. “One of the most significant binding constraints in the industry is the availability of talent,” says Citadel’s co-CIO Pablo Salame.
How surprising: A trio of academics has a bold take on the booming $1.7 trillion private credit market: after accounting for additional risks and fees, the asset class delivers virtually no extra return to investors via
@markets
Bloomberg scoop: Crispin Odey has recouped years of losses at his hedge fund, showing other managers like Gabe Plotkin that surrender isn’t the only option under pressure, read full story on
@TheTerminal
Two former top executives at Steven Cohen and Crispin Odey’s firms are turning the traditional hedge fund model on its head, by providing capital to traders who agree to lose their own money first if bets fail. Also called first loss funds via
@markets
On a stunningly beautiful day, I am inside my house writing this story. Please read this stunning development in the hedge fund world:
Exclusive: Odey Asset Management has removed its founder Crispin Odey from the firm’s partnership via
@markets
Commodities traders are seeing wild swings in fortunes this year. Hedge fund e360 Power suffered 25% loss in June, erasing YTD gains. Ozer’s Statar lost 13% in q1, -2% ytd. Andurand has seen his year-to-date returns shrink to 27.3% after being up 63.4% through May
Hedge fund Qube has quietly grown to run $11 billion. It plans to provide capital to 50 money managers by the end of this year, up from about a dozen now. It typically allocates between $50 million and $100 million to each manager.
@vikasvaibhavips
मुझे
#LetsInspireBihar
परिवार में जोड़ने के लिए धन्यवाद
@vikasvaibhavips
ji। आज मिलकर और आपके विचार सुनकर बहुत अच्छा लगा। इतने सारे अद्भुत लोगों से मिलना प्रेरणादायक था। मुझे विश्वास है कि यह परिवार आपके नेतृत्व में तेजी से बढ़ेगा और हमारे युवाओं के जीवन में सकारात्मक बदलाव लाएगा
SCOOP: Millennium is planning to raise new cash equivalent to the biggest hedge fund startup since ExodusPoint debuted in 2018 with $8 billion! via
@business
BLOOMBERG EXCLUSIVE: A look inside BlueCrest reveals Michael Platt’s many acts — including outsize returns and some harrowing losses. Story with colleagues
@LamoneyTom
&
@BenStupples
via
@wealth
Abu Dhabi could become a global financial center, billionaire Alan Howard said in a rare public appearance, pitching the emerging hedge fund region as the best time zone to trade for macro money managers
Multistrats hire entire bands of high-performers and chain them to fixed rules, and strict risk limits to avoid disasters. A trader losing 5% at some places may see capital partially withdrawn. -7% decline could bring instant termination. via
@markets
Bloomberg scoop: Hedge fund manager Said Haidar is emerging as one of the biggest winners in the macro land. He has already smashed his record month of gain twice this year. Up 148% in Q1
At Citadel, where even an internship can pay $19,200 a month, training up traders means staff are staying longer and getting ahead quicker. Phil Lee was elevated from humble analyst to head of one of its stocks units in less than a decade.
A top currency trader at Eisler Capital is getting a second chance to turn a profit at the hedge fund after he was ordered to stop trading when he suffered losses on his roughly $500 million trading book in recent weeks. via
@markets
Billionaire Chris Rokos is on track to record his best year, joining a string of macro trading peers in profiting as central banks start reversing years of quantitative easing via
@wealth
In stark contrast to the old business model-- launch a hedge fund, name it after yourself, call the shots, profit--an army of faceless suits are taking over the $4 trillion industry in a seismic and potentially permanent shift via
@business
Scoop: Element, the hedge fund run by Jeff Talpins, is handing back about $4 billion or two-thirds of external clients assets in a bid to downsize to improve returns and move toward managing mostly its own capital via
@markets
Scoop: Human traders and researchers are finding their way to $60 billion quant powerhouse Two Sigma just as the competition for talent rise among the world’s biggest hedge funds
Billionaire money managers Chris Hohn and Ken Griffin led hedge funds to deliver one of the best years for clients in 2023. The industry produced combined gains worth $218 billion after fees, according to estimates by LCH via
@markets
Billionaire Chris Rokos’s hedge fund soared during the first quarter, profiting from market moves that wrong-footed some of his macro trading peers via
@wealth
These are the hedge fund traders dominating the massive basis trade. They’ve made billions for their firms — and spooked global regulators via
@markets
, with
@DonalGriffin1
@WilliamShaw546
Brevan Howard has shuttered hedge funds run by two of its star traders: Alfredo Saitta and Louis Basger. Saitta is leaving, Basger is staying back to run capital for the firm's other funds
EXCLUSIVE: Millennium is liquidating wagers made by credit trading specialist Jason Feasey after his bets on telecom network Altice caused losses; with
@sridinats
via
@markets
Renaissance Technologies is reshaping the group of directors who will eventually succeed founder Jim Simons in overseeing one of the world’s most lucrative hedge funds
Brevan Howard Asset Management’s cryptocurrency fund is currently a bright spot for the hedge fund firm, which lost money on macro trades this year. With
@tetley_liza
via
@crypto
From cash to school: how Abu Dhabi is luring hedge fund giants. No tax, golden visa, a place where rich are welcomed, safety (they can wear their Rolexes without fear of getting mugged). Observations from recent visit to ABD/Dubai. Story with
@Adveith
World's biggest hedge fund launch since ExodusPoint's debut with $8b in 2018 emerges and no, it's not led by Bobby Jain (at least for now) via
@markets
Hedge funds are heading into a make-or-break year with big firms getting bigger and stock pickers needing to prove their worth. Read my analysis of the industry through a series of charts and data via
@business
Deadly Indian delicacy, literally. But it’s worth dying for.
Warning: deep fried gram pearls drenched in sugar syrup with Greek yoghurt. You just can’t stop eating!!
Back in 2016, trying to get an ambitious young financier to choose France over Britain was an often hopeless task. Six years later that mission has become a whole lot easier. “Can Paris become the Mayfair of Europe?” story with
@a_rajbhandari
via
@markets
Famed oil trader Pierre Andurand has ditched oil entirely and instead betting on my chocolate getting more expensive (and copper), scoop with
@ilenapeng
via
@markets
Macro hedge funds are no longer producing micro returns. They are soaring. The pack is led by Said Haidar and Crispin Odey who have posted triple digit gains so far this year via
@markets
Famed oil hedge fund manager Pierre Andurand’s bad year is getting worse. His main Andurand Commodities Discretionary Enhanced Fund declined by another 9.4% this month through May 19, extending this year’s slump to almost 46%
Millennium’s former senior trader Diego Megia kicks off his new hedge fund with $5 billion and closes it to new money on the very first day, becoming the largest startups since ExodusPoint with $8b in 2018 via
@markets
Former Credit Suisse star trader Hamza Lemssouguer guides his hedge fund to double-digit gains in 2023, making it one of the best-performing credit money pools, story with
@lauralevfinance
via
@markets
The first half of 2023 proved to be a washout for some of the world’s biggest macro traders as they struggle to recoup losses sparked by volatile bond markets
For some of the world’s largest hedge funds, private equity ended up making—or saving—the year, and they’re betting that will be the case again in 2022 via
@markets
Coatue Management’s Aaron Weiner, who’s leaving the investment firm, is preparing to start his own hedge fund with multiple billion dollars backing from Izzy Englander’s Millennium Management. via
@markets
Some of last year's best performer are down this year:
Pierre Andurand: -23% MTD/-40 YTD
Chris Rokos: -15.3% MTD/-10% YTD
Said Haidar: -32% MTD/-44% YTD
via
@markets
Balyasny has liquidated a trading book led by George Klavdianos after his team suffered losses in excess of $100 million, scoop with
@ManySundays
and
@irenegperez
via
@wealth
Bloomberg Scoop: Hedge funds have a small problem amid Russia's war. What to do with the cash from Russian oligarchs? Their investors are curious to know
Arrowgrass CIO was snapping up properties worth millions of pounds around the Dreamland resort (details in story) in the seaside town of Margate just as his hedge fund was pouring client money into an effort to revitalize the attraction, story with
@sridinats
EXCLUSIVE: Brevan Howard, one of the world’s best known hedge fund giants, is cutting more than 100 staff to cut costs. Growth in assets (from $6b in 2019 to $35b now) had led to staff no. swelling to over 1,100 from 150 in 2019 via
@markets
It took a charm offensive and sweeteners like fee breaks to pull off one of the biggest-ever hedge fund launches — here's how Bobby Jain did it. He’ll now have to prove himself quickly. Story by
@parmarhema
via
@markets
Scoops: Traders move across multi-manager platforms continues: Eisler taps Ex-BP Plc energy trader Tim Hayes; Balyasny's industrials PM Patrick Staub returns to Citadel
Some multistrategy hedge funds have found a way to charge more than half of the profits they generate risking clients' cash as fees to pay themselves and run their operations. And people complained about 2+20!
wt
@tetley_liza
via
@markets
Hedge funds are not doing well? Haidar Capital will not agree after their 225% surge so far. Also in the story gains for Rokos, EDl and Brevan Howard via
@markets
Their talent mills seem to be producing. More than half of Cohen’s stock pickers have come through its program. The first graduate still trades for him.
Bobby Jain’s new hedge fund firm has BIG ambitions for Asia. It's expected to have >30 staff in Asia by the time it starts trading in July, with local leaders having control over key functions like hiring and risk, writes
@BeiHu1
via
@business
Bloomberg Scoop: Buying the dip has been one of the most profitable strategies in recent times. Until now. One hedge fund team at BlackRock saw Putin’s invasion of Ukraine as a chance to buy more of the country’s stocks. That decision has backfired
Many of the world’s most prominent hedge fund managers have come to the stark realization that they need to upend the “two-and-twenty” fee model that’s been a fixture for decades if they want to expand. For some smaller firms, the goal isn’t growth.