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Opalesque Roundup: More hedge funds report market beating returns in 2020: hedge fund news, week 03

Monday, January 18, 2021

Opalesque Roundup: More hedge funds report market beating returns in 2020: hedge fund news, week 03

In the week ending January 15th 2021, a lot happened at Renaissance Technologies as its famed Medallion fund, available only to current and former partners, had one of its best years ever, surging 76 percent, according to one of its investors. But other funds that are available to outside investors didn't fare that well, two of them had their worst years ever. James Simons is stepping down as chairman at Renaissance but will remain on the board of the $60 billion hedge fund he founded nearly 40 years ago. New chairman will be Peter Brown who has been running the company as sole CEO since 2017.

Antara Capital, a $1.2 billion hedge fund backed by Blackstone Group Inc., soared 59% in its flagship fund last year as wagers including loans to technology companies paid off, and Credit manager Caspian Capital posted a 28% annualized gain last year in a fund that bet on beaten-down cruise operators and other travel companies amid the pandemic, according to people with knowledge of the matter.

Meanwhile, the flagship fund at Moscow-based Balchug Capital advanced 23% in 2020, boosting its total return since inception in January 2019 to 91%; Chris Rokos's $14.5 billion macro fund soared 44% as the pandemic upended markets; Viking Global Opportunities gained 51.6 percent in 2020 after surging 19.1 percent in December alone, thanks to the very successful IPOs of at leas......................

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