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Alternative Market Briefing

Opalesque Roundup: Long biased hedge funds post strongest performance: hedge fund news

Monday, August 04, 2025

In the week ending August 01st 2025, hedge fund research firm Aurum reported that hedge fund performance was positive in June. The average asset-weighted hedge fund net return across all strategies was 1.68%. All master strategies delivered positive returns with the exception of arbitrage. Hedge fund performance dispersion narrowed slightly compared to May.

Long biased funds posted the strongest performance among master strategies, returning 3.16% on average. Equity-focused sub-strategies led gains, supported by a robust rally in global equities. Other sub-strategy returns were more muted, but all were positive.

In new launches, Carrhae Capital is preparing to carve out a long-only money pool that eliminates all exposure to China, driven by demand from some US investors who have changed benchmarks to exclude the country from their portfolios; Steve Cohen's Point72 Asset Management is raising its first venture capital fund for clients, seeking to bet on the "urgent" need for defense technology startups, and a former Millennium Management LLC senior portfolio manager has launched an energy-focused hedge fund with the backing of New Holland Capital, people familiar with the matter said - New Holland typically invests $100 million to $300 million in new funds as a day-one investor and receives revenue shares in exchange.

Meanwhile, billionaire venture capitalists Peter Thiel, Marc Andreessen and Joe Lonsdale are joining a group of investors putting $685 mil......................

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