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In the week ending October 18th 2024, a new global research by Beacon Platform revealed that tougher risk parameters at hedge funds are restricting trading activity, with credit trading most likely to be affected. Almost all (93%) senior hedge-fund executives questioned said risk parameters are becoming stricter at their firm in terms of what they can and cannot trade. Almost all involved (95%) say they are having to reduce trading in some areas because of the growing risks or because they don't have a good enough understanding of the risks in that area. Unlimited published its Q3 2024 Hedge Fund Barometer, showing emerging markets hedge funds leading their peers with an average 5% gross return in the quarter. Global macro and managed futures funds saw the weakest performance in the quarter at -1.2%. According to the report, aggregate hedge fund performance was moderately positive across most strategies in Q3 2024. Meanwhile, the world's largest publicly traded hedge fund manager Man Group Man was hit by $5.5bn (GBP4.2bn) in outflows during the three months to September. The multi-strategy firm reported assets under management (AuM) of $174.9bn (GBP134.7bn) as of 30 September. That figure compares to $178.2bn (GBP137.3bn) at the end of June, with Man Group pinning the decline mainly on outflows from a single large client in its systematic long-only fund. In new launches, Andreas Steno Larsen, former Nordea strategist and founder of the macro research firm Steno Research, is launching a hedge fund in collaboration with Danish hedge fund manager Asgard Asset Management, the partners announced; Hedge fund manager Jun Bei Liu has made the first hire for her long-short fund, which is set to open next y...................... To view our full article Click here |
Alternative Market Briefing Weekly
Saturday, October 19, 2024
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