Today's Hedge Funds Pulse
Paul Tudor Jones places $8 bn volatility bet on U.S. small‑cap stocks
Billionaire hedge fund manager Paul Tudor Jones has filed an $8 bn options position linked to the iShares Russell 2000 ETF. The structure includes roughly $5.1 bn of puts and $3 bn of calls, forming a volatility‑focused straddle that signals expectations of large price swings in U.S. small‑cap equities rather than a directional bet.
Bridgewater Limits Losses to Sub‑1% as Iran Oil Shock Sends Hedge Funds Tumbling
Bridgewater Associates' $92 billion Pure Alpha strategy posted a loss of under 1% for March, outpacing rivals that logged multi‑billion‑dollar declines amid an Iran‑driven oil price shock. The fund’s defensive positioning highlights a widening gap between macro hedge funds that were caught flat‑footed and those that hedged exposure.
Hedge Funds Speak Out as Liquidity‑Driven Split Hits Partners
This week: *Millennium & Engineers Gate have ended their three-year partnership — not because of returns but because of liquidity terms. *The macro scoreboard: it's brutal. *Hedge funds rarely make public statements. This week they did. https://t.co/eZJvFgECEy
Muddy Waters' Short Report Sends SoFi Shares Tumbling Near 50%
SoFi Technologies was hit by a Muddy Waters short‑seller report accusing it of inflating loan profitability, which drove the stock down nearly 50% in a single session. The lender, which posted 41% year‑over‑year growth in deposits and adjusted revenue and...
CTAs Unwind, Triggering Liquidity‑driven Price Decline
When CTAs unwind, they don't ask for permission. They sell into whatever liquidity is available. The signal is already at levels that preceded major drawdowns in 2022 and early 2024. Price follows positioning. It usually takes time a little longer than you...
Systematic Funds Still Long, Ready to Sell on Downtrend
Systematic funds haven't panic sold yet. CTA and vol-control models are sitting at neutral positioning right now. That means they still have long exposure to unwind. If this downtrend continues, these models will keep selling mechanically. No capitulation signal. Just more rules-based selling still...
Sell, Hedge, Rotate: Victor Dergunov's Strategy For A Market Correction
Victor Dergunov, known as The Financial Prophet, outlined a five‑step strategy to brace for a market correction, beginning with trimming risky equities and moving to roughly 20% cash. He redeployed capital into beaten‑down gold miners, defensive energy stocks, and selective...
Cliffwater’s $33B Fund Cracks Under Redemption Pressure
Cliffwater is a $33B fund invested in 50+ other funds that are all gating simultaneously. $4.6B in unfunded commitments. 14% redemption requests. S&P negative outlook. “It all works great when no one wants their money back.”
AI Triggers Private Credit Collapse, Banks Offer Short Bets
PRIVATE CREDIT IS COLLAPSING DUE TO AI? BLACKROCK JP MORGAN ETC JP Morgan and Goldman Sachs are offering hedge funds away to short private credit… Week of 3/23/2026 #ai #finance #bitcoin #money
Adecco Group Taps Salesforce, Inc. (CRM) for Agentforce Following Nvidia Pact
Adecco Group signed a multi‑year agreement with Salesforce to obtain unlimited global access to the Agentforce 360 platform, a suite that powers agentic AI across enterprise workflows. The deal enables Adecco to accelerate AI‑driven service delivery, boosting speed, quality and reliability...
Hedge Funds' Top Edge: Time Series Momentum
A 23-page research paper reveals the number 1 method Hedge Funds use to beat the market: Time Series Momentum This is how: 🧵
JPMorgan Unveils CDS Basket to Short Major Tech Debt
JP Morgan has launched a basket of credit default swaps designed to let hedge funds bet against the debt of $GOOGL, $AMZN, $ORCL, $META, and $MSFT 👀 https://t.co/snSNwBvm2p
Gitlab Inc. (GTLB) Enhances Agentic AI Access at Low Cost with GitLab 18.10
GitLab unveiled version 18.10, introducing the GitLab Duo Agent platform that lets customers tap into agentic AI capabilities at a low cost, even on the free tier through a monthly GitLab Credits commitment. The new model gives development teams visibility...
BTIG Cuts Nexxen International Ltd. (NEXN) Price Target But Asserts Buy Stance
BTIG reaffirmed a Buy rating on Nexxen International Ltd. but lowered its price target to $9 from $10. The ad‑tech firm posted Q4 FY2025 revenue of $101 million, slightly beating estimates, and forecast ex‑TAC revenue of $375‑$390 million, indicating about 8% YoY...
Atlas Global Macro Builds on Comeback with New Danish Feeder
Atlas Global Macro, last year’s top‑performing Nordic hedge fund, has launched a Danish feeder on the Fundmarket platform to channel new capital into its Luxembourg‑domiciled Fund 2. Fund 2 mirrors the original macro strategy but strips out legacy Russian holdings...
Bill Ackman Dumps Hilton, Shifts Pershing Square Into Amazon and Meta AI Bets
Activist billionaire Bill Ackman sold Pershing Square’s remaining Hilton Worldwide shares after a seven‑year hold, using the proceeds to buy Amazon and Meta Platforms. The move lifts AI stocks to roughly 55% of the fund’s $15.5 billion portfolio, underscoring a broader...
Svelland Appoints Head of Quant Research From Shell
Svelland Capital has appointed Laurent Hoffmann, formerly head of quantitative research at Shell, as its new Head of Quantitative Research. Hoffmann brings experience across power, gas, carbon markets and crude oil derivatives, complementing Svelland’s commodity‑focused, long/short strategy. The Oslo‑London fund,...
Millennium Hires Former JPMorgan Credit Trader in London
Millennium Management has hired a former JPMorgan credit trader to join its London office, bolstering the firm’s credit trading desk. The move comes as Millennium expands its European footprint and seeks to deepen its credit research capabilities. The hire underscores...
Tax‑Alpha Strategies Pull Over $1 Trillion as Hedge Funds Target After‑Tax Returns
Hedge funds and large asset managers are channeling more than $1 trillion into tax‑alpha strategies that prioritize after‑tax returns. The surge includes $100 billion in tax‑aware long‑short funds and a direct‑indexing boom, prompting both investor enthusiasm and policy criticism.
Management Integrity and Culture Drive Fund Performance
“There is one thing I have been doing for many years now and has in my view been absolutely central to the fund’s performance. [...] I am referring to building an understanding of and conviction around a company manager’s integrity...
All Hedge Fund Algorithms Revealed in 151 Strategies
This paper unlocks every algorithm used by hedge funds. 151 trading strategies. Get it here (361 page PDF):
Opaleye Management Sells $7.8 Million of Harrow Shares, Retains Near‑10% Stake
Opaleye Management Inc sold 198,572 Harrow shares for roughly $7.8 million in early March 2026, trimming about 5% of its pre‑sale position. The hedge fund still holds close to 3.7 million shares, representing roughly 10% of Harrow, suggesting a strategic adjustment rather...
Macro Funds Suffer Double‑digit Losses in March
This month is proving painful for macro traders: Brevan Howard Master Fund: -6% (MTD through March 20), -0.5% YTD Brevan Howard Alpha Strategies: -3.7% (MTD through March 20), +0.6% YTD Taula: -9.6% (MTD through March 20) Caxton Macro: -15% (MTD...
BlackRock’s Rick Rieder Launches “TriaXial” Hedge FundA HedgeCo.Net Special Report:
BlackRock’s senior fixed‑income veteran Rick Rieder is raising capital for TriaXial, a new hedge‑fund‑style vehicle focused on low‑correlation, opportunistic credit opportunities. Backed by BlackRock’s roughly $3 trillion fixed‑income platform, the fund aims to exploit dispersion, rate‑curve shifts, and cross‑market arbitrage in...
Millennium Doubles Down in High-Profile Talent War: Talent as Infrastructure:
Millennium Management has hired Erdit Hoxha, Goldman Sachs' co‑head of global equities, to join its Office of the CIO. The move underscores Millennium's strategy of building talent density at scale, treating top investment professionals as core infrastructure. It reflects a...
CV5 Capital and Formatnull Unveil New Digital‑Asset Hedge Fund
CV5 Capital and blockchain‑focused firm Formatnull announced the launch of a new hedge fund dedicated to digital assets on March 16, 2026. The fund, based in the Cayman Islands, aims to capture institutional demand for cryptocurrency and blockchain‑based investments, though...
Victory Capital Abandons Janus Deal over Committee Opposition
Victory Capital has pulled out of Janus acquisition after not getting support from Janus’ “special committee” https://t.co/VSWcoMUQal
Capital Asset Advisory Services LLC Has $6.11 Million Stock Position in Applied Materials, Inc. $AMAT
Capital Asset Advisory Services LLC trimmed its Applied Materials (AMAT) position by 13.8%, selling 3,800 shares and ending the quarter with 23,772 shares valued at roughly $6.11 million. Meanwhile, several large institutions expanded their stakes, most notably Capital Research Global Investors,...
Dan Niles Shifts to AI‑Heavy and ‘HALO’ Stocks as Market Turns
Niles Investment Management founder Dan Niles told CNBC he is steering his fund toward a blend of AI plays and “HALO” heavy‑asset stocks, citing an oversold market and a potential AI inflection point. The manager warned against broad software exposure...
Apollo Caps Withdrawals at 45% as $15bn Private Credit Fund Faces Redemption Surge
Apollo Global Management announced that its flagship Apollo Debt Solutions BDC will return only about 45% of the capital investors asked to redeem, after redemption requests surged to 11.2% of outstanding shares. The move underscores mounting liquidity pressure in the...
Danske Pauses Tactical Risk-Taking as All Eyes Turn to Oil and War
Danske Bank Asset Management has placed its Global Tactical Allocation strategy on hold, moving to a neutral stance across all tactical risk exposures due to heightened uncertainty from the Middle East war. Head of Macro and TAA Bo Bejstrup Christensen...
Multistrategy Hedge Funds Face Backlash Over $50 Million Hiring Fees
Multistrategy hedge funds have spent up to $50 million per hire to lure talent, but recent underperformance and departures have sparked industry backlash. Insiders warn that hefty guarantees may misalign incentives and erode cost discipline.
Citco Data Shows Hedge Funds Gained in February Ahead of Ukraine War Escalation
Citco’s latest performance snapshot shows hedge funds posted gains in February before the Ukraine war escalated. While exact return figures were not disclosed, the data underscores a brief rally in an industry managing roughly $5 trillion of assets worldwide.
The Collapse of Indra–EM&E Deal Tests Dan Loeb’s Playbook: Third Point’s Merger Setback:
Third Point’s high‑conviction merger‑arbitrage bet on the Indra Sistemas‑EM&E defense tie‑up collapsed, wiping out the fund’s European position. The breakup was driven by political push‑back, valuation disputes and integration complexity, sending both Spanish defense stocks lower. The failure has forced Dan...
Citadel Securities’ Rubner Sees Short Squeeze Fueling US Stocks Rally
Citadel Securities’ equity strategist Scott Rubner warns that a record‑size short position on U.S. stocks is approaching a potential unwind, setting the stage for a short‑squeeze‑driven rally. He notes that the rally’s magnitude hinges on easing geopolitical tensions, which would...
Blackstone’s $82bn Private Credit Fund Posts First Monthly Loss in 3 Years
Blackstone’s flagship private credit vehicle, the $82 billion BCRED fund, posted a 0.4% decline in February – its first monthly loss since September 2022. The dip came as investors withdrew $3.7 billion in the first quarter, underscoring mounting liquidity pressure across the $1.8 trillion...
Former Pareto Trader Launches Hedge Fund From Trondheim
Jonas Kvalheim Klock, a former Pareto Securities trader, has founded Nidaros Equity Fund in Trondheim, launching in October 2025 with approximately $5.4 million in assets under management. The one‑person hedge fund employs a bottom‑up, high‑conviction long/short equity strategy focused on Nordic,...
Hedge Funds Buy 120 BCF Gas, Still Below Historic Levels
HEDGE FUNDS and other money managers purchased the equivalent of 120 billion cubic feet (bcf) in the two major gas futures and options contracts based on prices at Henry Hub in Louisiana over the seven days ending on March 17....
Tactical Update: Dropping Tape Bomb
(PREMIUM) "Tactical Update: March 23, 2026 - Dropping Tape Bombs" A few moves into the headline bounce this A.M.... via The Lyons Share https://t.co/MEVP23VgRi https://t.co/WwjuwK9igF
Ken Griffin's Japan Warning Sparks Global Alternative Asset Repricing
Citadel founder Ken Griffin warned that Japan's soaring debt and strained yield‑curve control could spark a violent bond‑market correction. The warning reverberated across alternative assets, from activist campaigns to crypto exposure, prompting hedge funds to reassess risk and allocation.
Hedge Funds Turn 'Run‑It‑Hot' On Market, Doubling Down on Bullish Bets
A Seeking Alpha analysis reports that hedge‑fund managers are embracing a "run‑it‑hot" market stance, piling into high‑conviction, aggressive positions. The trend reflects a surge in bullish exposure despite lingering macro risks, signaling a notable shift in risk appetite.
Ray Dalio Warns US Losing Economic Edge, Sparks Hedge‑fund Debate
Bridgewater Associates founder Ray Dalio warned that the United States is heading into “very dark times” as debt climbs to $38.7 trillion and geopolitical tensions rise. His comments have ignited a debate among hedge‑fund investors about portfolio risk and the need...
Chris Hohn Portfolio Analysis: Core Holdings, Concentration & Strategy
TCI Fund Management, led by activist investor Chris Hohn, reported a $53.6 billion equity portfolio that is almost entirely concentrated in its top ten holdings. The fund’s core positions include General Electric, Visa, Microsoft, Moody’s and S&P Global, reflecting a bias...
Bill Ackman's Pershing Square Puts 25% Into Amazon and Meta, Skipping Nvidia
Bill Ackman's Pershing Square Capital Management has committed 25% of its portfolio to two AI‑focused stocks – 14% in Amazon and 11% in Meta Platforms – as of December. The allocation underscores a high‑conviction bet on AI applications in e‑commerce,...
Pershing Square IPO: Should You Buy the PSUS IPO?
Bill Ackman has filed for a combined IPO of Pershing Square USA (ticker PSUS) and his hedge‑fund firm Pershing Square (ticker PS) as the 2026 IPO market remains weak. The closed‑end fund will list on the NYSE at $50 per...
Old West Investment Management Posts 31% Gain on Pre‑Oil Rally Energy Bet
Old West Investment Management’s flagship fund jumped 31% this year after increasing its energy‑stock allocation to over 30% when oil was near $60 a barrel. The move outpaced peers such as Pierre Andurand’s fund and Citadel’s Wellington, highlighting the payoff of...
Blue Owl Halts Redemptions as Private Credit Illiquidity Premium Crumbles
Blue Owl Capital announced a pause on investor redemptions after the illiquidity premium in private credit eroded and defaults surged. The move underscores mounting liquidity risk in a market that raised $124 bn in the first half of 2025.
Treville Capital Closes Inaugural Capital Solutions Fund, Raising Over $500 Million
Treville Capital Management LLC announced the final close of its inaugural Capital Solutions Fund, securing over $500 million in commitments from institutional investors. The fund targets privately negotiated credit and credit‑oriented investments, marking a significant inflow of capital into alternative financing...
Hedge Fund Sees 31% Gain From Oil-Stock Bet Before Prices Surged
Old West Investment Management dramatically increased its exposure to energy equities when crude oil hovered around $60 a barrel in early 2026. The firm’s flagship hedge fund posted a 31% year‑to‑date gain by the end of February, well before the...
Blackstone's $83B Private Credit Fund Logs First Monthly Loss Since 2022 Amid 7.9% Redemption Surge
Blackstone's $83 billion private credit fund (BCRED) recorded a 0.4% loss in February 2026, its first monthly decline since September 2022, and confronted a record redemption wave of roughly $3.8 billion, or 7.9% of assets. The sponsor injected $400 million, including $250 million from...
ADIC Markets $2 Billion‑plus Hedge‑fund Stake Portfolio to Institutional Buyers
Secondary‑market specialist ADIC is actively marketing a block of hedge‑fund fund‑level stakes worth more than $2 billion. The move highlights robust institutional interest in secondary liquidity and could reshape pricing dynamics in the hedge‑fund space.