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In the week ending April 05th 2024, a Goldman Sachs' prime brokerage report that tracks hedge funds globally revealed that hedge funds capped the first quarter with gains across different strategies, as a rally in stocks, some commodities and the dollar helped the industry weather a less shiny period for bonds. Fundamental equities long/short hedge funds were up 6.28% in the first quarter, while systematic long/short funds posted gains of 11%

Meanwhile, stockpicking hedge funds are coming back into favor for the first time in two years after a turnaround in their performance. Equity long-short hedge funds, which make bets on how companies will perform, attracted $1.5 billion in net inflows in February - the first positive reading in 24 months - according to data platform Nasdaq eVestment. The strategy remains the largest in the hedge fund universe, making up more than a fifth of the industry's overall $3.6 trillion assets under management, numbers published Wednesday show.

In performance news, Ken Griffin's hedge fund Citadel capped the first quarter with a positive performance in all its funds strategies, with the flagship Wellington fund posting gains of 5.75%; Dan Loeb's multistrategy hedge fund Third Point Investors got off to a strong start in 2024 - it was up 3.7 percent in March and 8.7 percent for the first quarter. The London-listed hedge fund, is to offer investors a 25% exit after the shares breached a threshold set three years ago in a tussle with activist shareholders, and hedge fund Schonfeld Strategic Advisors ended the first quarter with a 6.2% gain in its flagship fund Strategic Partners, a source familiar with the matter said.

In new launches, Vincent Ijaouane will be launching a European-focused discretionary long/short macro equity strategy, with the distinctiveness that it lets the top-down appro......................

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