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In the week ending July 04th 2025, the Financial Times reported that big hedge funds are pushing into private credit as they seek to establish themselves as diversified financial institutions, with Millennium Management, Point72 and Third Point all looking to launch new funds and strategies. Third Point, a $20bn firm with a history as an activist investor, plans to launch a publicly traded private credit fund next month called Third Point Private Capital Partners, which will lend directly to businesses.
Meanwhile, the biggest hedge funds added to their gains in June, sailing through the first half of the year amid global market chaos sparked by President Donald Trump's tariffs and the Israel-Iran war. Schonfeld's Fundamental Equity fund rose 2.5% last month, while the firm's flagship multistrat hedge fund Strategic Partners advanced 1.1%, according to people with knowledge of the matter. Balyasny gained 2.4%, while Marshall Wace's $26 billion Eureka hedge fund soared 6% in June through last Friday, erasing all prior losses in the year. Ken Griffin's Citadel and Izzy Englander's Millennium, which both lost money in a hectic March, each returned 1.7% in June in the firms' respective flagship funds, people close to the managers said. Citadel's six-month return now stands at 2.5%, while Millennium's is at 2.2%, lower than many of their smaller multistrategy peers.
Incidentally, several $500 million-plus to more than $1 billion hedge fu...................... To view our full article Click here
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