Today's Hedge Funds Pulse
Updated 2h ago
BlackRock in talks to buy minority stake in Millennium Management
BlackRock is in advanced negotiations to acquire a minority equity position in Millennium Management, the hedge fund’s first acceptance of outside equity in its 35‑year history, potentially giving the asset manager direct access to Millennium’s multi‑manager alpha engine.
Third Point Q1 2026: -0.6% Return, Beats S&P by 400bps on Semiconductor and Aerospace Gains
Third Point’s flagship Offshore Fund posted a modest -0.6% return for Q1 2026, yet outperformed the S&P 500 by roughly 400 basis points. The outperformance stemmed from diversified wins in semiconductors, aerospace, power infrastructure and related sectors, while the fund trimmed exposure ahead of the Iran conflict.
Ex‑Rokos and Brevan Howard Veteran Launches $359 Million Commodities Hedge Fund
Luke Sadrian, a former partner at Rokos Capital Management and Brevan Howard, has rolled out the Fulcrum Commodities Fund, a $359 million vehicle that posted a 30.5% return since its October 2025 launch. The fund’s early performance and rising allocator interest...
Wellington Management Debuts Market‑Neutral UCITS Hedge Fund
Wellington Management launched the Wellington Absolute Return Global Equity Fund, a market‑neutral, multi‑manager UCITS strategy designed to deliver returns above cash regardless of market direction. The product expands Wellington’s hedge‑fund offerings into Europe’s regulated UCITS space, aiming to attract institutional...
All Factors Down, Hedge Fund Proxy Plummets, Shorts Rise
Value, quality, and momentum factors all down today. Long short hedge fund proxy declined -188bps. The only thing that was up was high short interest. Not healthy. https://t.co/nCK12nnBAU
Long‑Only vs Market‑Neutral: Constraints Drive Alpha Gap
An interesting diversion in the performance of alpha in long-only managers vs market neutral managers. How much of it is talent versus a bunch of constraints (e.g. no shorting; need to sell down MAG7 to make room for active bets; harder...
Winners Interview with Aquila Asset Management | Lipper Fund Awards 2026 Europe
The Lipper Fund Awards 2026 Europe recognized Aquila Asset Management, prompting an interview that outlined the firm’s investment philosophy and recent accolade. Aquila’s strategy is strictly bottom‑up, targeting sovereign and corporate credits it believes are mispriced relative to their fundamentals. The...
Douglas Lane Cuts Visa Stake to $121M, Ranking It 10th Largest Holding
Institutional investor Douglas Lane & Associates LLC reduced its Visa Inc. stake by 3.6% in Q4, holding 344,864 shares worth $120.9 million—its 10th largest position. The move underscores a subtle rebalancing among large‑cap holdings as other firms adjust their exposure to...
Ares Management Secures $5.4 B LP Shift to Value‑Add Real Estate Funds
Ares Management closed a combined $5.4 billion in commitments for its US Real Estate Fund XI and European Property Enhancement Partners IV, marking a decisive LP rotation toward value‑add real‑estate strategies. The raise comes as rising cap rates pressure core‑plus funds...
UK State‑Backed Fund Nest Allocates £450 Million to U.S. Private Credit
Nest, the UK government‑backed investment vehicle, has committed £450 million (about $570 million) to the U.S. private credit market. The move underscores growing sovereign interest in a sector largely run by hedge funds and alternative managers, and could reshape capital flows across...
Event‑Driven Hedge Funds Hit by Forced‑Selling as Leverage Tops 3x and Beta Turns Negative
Event‑driven hedge funds endured a sharp March 2026 drawdown, with Asia‑focused funds down 7.3% and European peers down 6.3%. Record leverage above three times assets and a shift to negative beta forced broad equity sales, exposing systemic risk in the...
Prosperity Advisers LLC Purchases New Position in Vanguard S&P 500 ETF $VOO
Prosperity Advisers LLC disclosed a new position in Vanguard S&P 500 ETF (VOO) in its latest 13F filing, buying 5,404 shares worth roughly $3.39 million. The stake represents about 2.8% of the adviser’s portfolio, making VOO its seventh‑largest holding. The move...
Bill Ackman's Pershing Square Launches Takeover Bid for Universal Music Group
Bill Ackman's Pershing Square has filed a takeover bid for Universal Music Group, planning to take the music giant private and later list it on a U.S. exchange. The move builds on Pershing Square’s existing sizable stake and follows the...
CTA Buying Surge May Quickly Flip to Selling
The Flows @t1alpha CTA Buying (epic last week) can easily become Selling Will walk you through the math on The Macro Show https://t.co/Z8lRHULEn1
Hedgeye's VIX Risk Range Analysis Delivers Recent Alpha
Undaunted and strictly process oriented, @KeithMcCullough @hedgeye provided a valuable analysis of the VIX risk range that producedexcess returns (alpha) in the last several trading days. That analysis was worth the price of admission alone. @dougkass @SamofAmerica @HedgeyeDJ
Michael Burry Bets Against Nvidia as Jensen Huang Claims AGI
Michael Burry has taken a bearish stance on Nvidia by buying long‑dated put options, warning that the stock’s trillion‑dollar valuation may be unsustainable. At the same time, CEO Jensen Huang told a podcast that artificial general intelligence could already be...
Hedge Fund Money Is Reshaping a 180-Year-Old Insurance Model
Alternative investment managers poured record capital into reinsurance, pushing catastrophe‑bond allocations to $136 billion in 2025, an 18% increase. The surge also expanded sidecar vehicles to $18 billion, tripling their size since 2023, while traditional reinsurers’ share of catastrophe losses fell to...
