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.
Glenmede Investment Management LP Decreases Stake in Arista Networks, Inc. $ANET
Glenmede Investment Management trimmed its Arista Networks holding by 13.8% in the third quarter, selling 85,061 shares and leaving a stake of 532,557 shares valued at $77.6 million. The reduction occurs alongside modest stake increases by several smaller funds and significant insider sales totaling about 196,000 shares over the past 90 days. Arista recently launched a high‑density liquid‑cooled optics module aimed at AI‑driven hyperscale data centers and guided 2026 revenue to $11 billion, prompting analyst upgrades and a consensus “moderate buy” rating. Despite these positives, the stock faces short‑term volatility and margin‑pressure concerns.
Cliffwater Drama Yields Just $0.7B Net Inflow
While the headlines around Cliffwater have been apocalyptic, here's how fund flows are looking for Q1: - redemptions received: $4.5 billion - amount repurchased in tender: $2.3 billion - expected new commitments: $3.0 billion All of this drama for $0.7 billion of net...
QuantumStreet AI Launches Long-Short Global Equity Strategy
QuantumStreet AI has introduced a 130/30 Long‑Short Global Equity strategy aimed at institutional investors seeking AI‑driven exposure to the MSCI World Index. The model combines structured macro, fundamental and technical data with unstructured sources like news and earnings calls, generating...
Hedge Fund Tips with Tom Hayes – VideoCast – Episode 334
Tom Hayes hosted Episode 334 of Hedge Fund Tips VideoCast, focusing on the recent "Clean Bill of Health" market sentiment report. The discussion highlighted a swing to positive investor sentiment in early 2025, with equity valuations nearing pre‑pandemic norms. Hayes...
SS&C GlobeOp Hedge Fund Performance Index and Capital Movement Index
SS&C Technologies reported that its GlobeOp Hedge Fund Performance Index posted a 0.59% gross return for February 2026. The accompanying Capital Movement Index rose 0.87% in March, marking a 12‑month high of 129.47 points. The index, which tracks assets administered...
Most Hedge Funds Suffer, D.E. Shaw Stands Out
Last week's pain: Citadel’s Global Fixed Income fund and Taula are among the hedge funds worst hit by last week’s market turmoil, while D.E. Shaw & Co.’s two main vehicles were a rare bright spot in the industry. Here's all the latest...
Semis Outperform Software in AI Trade, Driving Massive Gains
The AI trade that’s separating Wall Street’s winners and losers: semis > software It helped power $100mln+ in gains for a Point72 PM and helped convince the manager of a 23-year-old hedge fund to call it quits https://t.co/zUWC9pfB3X
Solid Year for SA Hedge Funds, Underpinned by Retail Investor Support
South African hedge funds posted a strong performance in 2025, delivering double‑digit returns across most strategies. Assets under management rose by roughly 18%, driven largely by fresh capital from retail investors. The sector benefitted from a stable macro environment, lower...
Ozer, King, Barclay Funds Profit Amid Iran‑War Volatility
Hedge funds managed by Ron Ozer, Doug King and Steve Barclay are the latest to have notched gains last week from the commodities volatility in the wake of the Iran war, even as many larger peers suffered losses https://t.co/i6JQcHoHZK
Cliffwater Blames Sentiment Amid $33B Fund Redemptions
Another one. Cliffwater facing 7%+ redemptions on their $33B fund. Their response: “Sentiment is driving the selloff more than fundamentals.” That’s what they all say. Right before the gates go up.
Millennium Hires Longtime Citadel Stockpicker
Millennium expanded its equities team, hiring a veteran Citadel stockpicker and two additional equity traders, signaling aggressive talent acquisition amid market turbulence. Meanwhile, Linedata introduced Mosaic to streamline front‑office operations, and a HedgeWeek report highlighted stagnant female partner representation in...
DE Shaw Funds Outperform, Adding Brevan Howard, Verition
DE Shaw’s hedge funds gain in a brutal week for multistrat peers. Flagship Composite fund gained 0.3% during the week to lift returns to 2.8% for the year through March 6. Macro-focused Oculus made 2.2% to boost gains for the...
Cliffwater Redemption Rate Hits 14%, Within Predicted Range
Saba Capital’s @boazweinstein called the Cliffwater redemption rate in yesterday’s ’Inside Alts, where he said it would be between 10% and 20%. (Cliffwater’s Q1 redemption rate was 14%, according to a source familiar with the matter) https://t.co/hplp7WPkAp
Asia Hedge Funds Dymon, Modular Hold Onto 2026 Gains in Rout
Asian hedge funds Dymon Asia Capital, Modular Asset Management and Alpine Investment Management have preserved their 2026 gains despite market turbulence triggered by the Iran war. Dymon’s $6 billion multimanager fund slipped 1.5 % in early March, trimming its year‑to‑date return to...
Personality Meets the Public Market: Bill Ackman’s “Brand Equity” Pershing Square USA:
Bill Ackman’s Pershing Square USA is set to list on the NYSE with a $2.8 billion anchor book, marking a rare retail‑focused entry for an activist hedge fund. The vehicle is organized as a closed‑end fund that eliminates the traditional 2‑and‑20...
Unlocking the Vault: Apollo Global and the Rise of the UK Long-Term Asset Fund (LTAF):
The FCA‑approved Apollo Long‑Term Asset Fund (LTAF) opens UK defined‑contribution pensions to private credit, infrastructure and venture capital. By imposing 90‑ to 180‑day redemption windows, the fund avoids the liquidity mismatches that plagued earlier products. Apollo will channel pension capital...
Why David Einhorn Is Reducing Equity Exposure Despite Solid Returns
Greenlight Capital’s Solasglas fund posted a 7.9% fourth‑quarter gain and a 9.8% year‑to‑date return in 2026, outpacing the S&P 500’s modest rise. Despite solid performance, David Einhorn trimmed net equity exposure to about 29% in February, down from roughly 40%...
Which Hedge Fund Strategies Win when Oil Takes Over?
Crude oil’s rapid climb to near $120 per barrel has created a stark performance divide among hedge‑fund strategies. PivotalPath’s Regimes analysis shows managed futures delivering 9.1% and global macro‑commodities 8.8% when oil trades between $100‑$140, while the broader hedge‑fund index...
Edinburgh Worldwide Seeks End to Saba Saga by Offering Shareholders Cash Exit and SpaceX Upside
Edinburgh Worldwide (EWIT) has tabled a 100% tender offer that would let shareholders cash out at roughly 85% of net asset value, with the remaining 15% deferred until SpaceX’s anticipated IPO. The proposal does not require support from activist hedge...
Wall Street Tail-Risk Hedges Rally as Conflict Shakes Markets
Wall Street’s tail‑risk hedges have surged as the Iran‑Israel conflict wiped roughly $6 trillion from global equities and pushed oil above $100 per barrel. Leveraged VIX ETFs such as UVIX and UVXY jumped 30% and 20% respectively in March, while long‑expiry...
Hedge Funds Keep US Gas Bets Low After Iran Attack
HEDGE FUNDS and other money managers had cut bullish positions in U.S. natural gas to the lowest for more than 18 months before the United States and Israel attacked Iran. Even after the attack and the closure of the Strait...
Top Hedge Funds Lose Hundreds of Millions in One Week
Some of the world’s biggest hedge funds known for their steady returns suffered hundreds of millions of dollars in losses last week: Millennium down 1.5b, Baly -3.5%, P72 -1.1 and MW Eureka -3.7%. initial estimates https://t.co/Vtq6iPL4ik
Beyond Shipping: Gersemi Develops Crypto Strategy
Gersemi Asset Management, originally founded to launch a shipping‑focused fund, is preparing to roll out a crypto‑focused strategy. The new approach relies on a proprietary algorithm that seeks returns in both rising and falling cryptocurrency markets. Back‑tested results indicate low...
Top Superinvestors Are Buying ServiceNow, Inc. (NOW)
Top institutional investors dramatically increased their stakes in ServiceNow (NOW) during the latest 13F filing period, adding roughly $2.5 billion in new equity. The purchases were led by Ken Fisher’s Fisher Asset Management, which added over 6.6 million shares, followed by sizable...
Hedge Funds Cash In on Oil Spike, Keep Bullish Bet
Hedge funds realise some profits as oil prices climb Hedge funds and other money managers sold Brent futures and options last week to realise some of their profits on former bullish positions as prices surged after the United States and Israel...
Irenic Hires Apollo’s Wang in Private Equity Push for Hedge Fund
Irenic Capital Management, a hedge fund known for activist campaigns, is expanding into private equity by hiring former Apollo Global Management principal E‑Fei Wang as managing director and head of private equity. Wang will lead efforts to execute buyouts and...
Macro Hedge Funds Drive February Gains as Geopolitical Risks Rise
Macro and equity hedge funds delivered solid February returns as geopolitical tensions rose. The HFRI Composite Index rose 1.9%, driven by macro strategies that posted a 3% gain, the strongest monthly performance since 2003. Commodity‑focused macro managers led the charge...
Hedge Funds Bet Heavily Against US Dollar
‼️Hedge funds are EXTREMELY BEARISH on the US Dollar: Net dollar positioning of hedge funds and other asset managers is down to -$18.9 billion, near the most bearish level in at least 3 years. Hedge funds are getting caught off guard. 👇 https://globalmarketsinvestor.beehiiv.com/p/us-stocks-dropped-amid-rising-ai-and-geopolitical-uncertainty-weekly-market-recap-trading-week-09-20-a312
Do Concentrated Portfolios Work – and What Are the Risks?
High‑conviction, concentrated portfolios are championed by UK fund legends like Nick Train and Terry Smith, and by hedge funds such as TCI and Pershing Square. While a few have delivered spectacular returns—Pershing Square’s 325% NAV gain—most concentrated funds exhibit volatile...
Systematic Short Books Boost Agentic Edge for Funds
If you are a long-short equity fund thinking about ways to adopt an agentic approach, I encourage you to think about building a systematic short book. 1) Good shorts tend to rhyme more than good longs and and so are fertile...
CEDARWOOD WEALTH LLC - Filing for Period Ending 12/31/2025
Cedarwood Wealth LLC, a registered investment advisory firm based in Highlands Ranch, reported $133.8 million in discretionary assets under management for the period ending December 31, 2025, serving 91 clients. Its Q4 2025 13F filing disclosed $89.7 million in managed securities, with the top‑10 holdings...
Investors Likely to Dump Public Credit Amid Bearish CDX HY
This has to be one of the most bearish charts I’ve ever seen for CDX HY. One can argue that they won’t be as correlated as they’ve always been, but ‘this time is different’ may be wrong . I think...
Liquidity Overpromises Trigger Cascading Outflows Crisis
My partner @kieranwgoodwin has been so right about this space for over a year which has really sharpened my vision. Outflows beget outflows. Gating begets outflows. Selling some of the underlying portfolio to meet minimum redemptions creates losses and begets...
Where Is Money Flowing Today?
The latest Finviz heat‑map shows money gravitating toward energy and dividend‑heavy defensive sectors, while technology and consumer discretionary stocks lag. Energy stocks posted double‑digit gains, pulling the broader market higher. Financials have steadied after recent turbulence, and overall market breadth...
Millennium Poaches Four Citadel Stock Pickers Amid Talent War
Millennium Management hired four stock pickers from rival Citadel as the multistrategy hedge fund giants battle over talent to help manage their soaring assets https://t.co/4zMddskNrm
Hedge Funds Stay Growth‑Focused as AI Tools Gain Traction
𝐓𝐡𝐢𝐬 𝐰𝐞𝐞𝐤: Fresh launches, team moves are keeping hedge funds in growth mode, while Middle East tensions prompt firms in the Gulf to review near-term plans and continuity playbooks. Meanwhile, AI agent workflows are moving from buzzword to toolkit https://t.co/jiiupziBYa
Hedge Funds Rank AI as Their Top Priority – but Experts Say They May Be Ignoring This Blind Spot
A Hedgeweek survey shows 41% of hedge funds now rank AI integration ahead of talent and cost optimisation, making it the sector’s top priority for 2026. Roughly one‑third have already embedded AI into research and trading, while another quarter are...
Ex‑Citadel Trader Nico Dil Launches Hedge Fund with Major Backers
Former Citadel money manager, Nico Dil, has started trading for his own hedge fund with backing from investors including Squarepoint Capital and Lighthouse Investment Partners. https://t.co/fp0XOxOsom
The Gating of Blue Owl: Reviving the “Bear Stearns” Specter in Private Markets:
Blue Owl Capital has imposed an indefinite gate on its flagship retail‑focused alternative investment vehicle, halting all investor withdrawals. The move, driven by a wave of redemption requests that threatened a liquidity mismatch, mirrors concerns from the 2008 Bear Stearns...
Geopolitics Ignored by HFT, Active Management Becomes Vital
The HFT algos/CTA trend followers don't discount geopolitics very well. If @hkuppy is right, he makes a real case why active management is of ultimate importance when there is a real global change. The VIX is not mean reverting this time,...
REHMANN CAPITAL ADVISORY GROUP - Filing for Period Ending 12/31/2025
Rehmann Capital Advisory Group, based in Lansing, manages $3.18 billion in discretionary assets for 2,803 clients, bringing total regulatory assets to $4.27 billion as of January 1 2025. Its Q4 2025 13F filing disclosed $1.92 billion in managed securities, with a top‑ten holdings concentration of 35.82 %....
Colosseum’s Rollercoaster Start Gives Way to Strong Rebound
Colosseum Global Alpha, a long/short equity fund launched last summer, posted a volatile start to 2026, losing 14% in January. The fund rebounded sharply, gaining 13.3% in February and adding another 4.5% through early March, returning to positive YTD performance....
Nordic CTAs Thrive in February’s Volatile Macro Landscape
February was a strong month for Nordic CTA managers, making CTAs the top‑performing sub‑strategy in the Nordic Hedge Index. Gains were anchored by fixed‑income and soft‑commodity profits, with all trend‑following managers posting positive returns. Several non‑trend managers also delivered gains,...
Bretton Fund Exited Revvity (RVTY) in 2025
Bretton Capital Management’s Bretton Fund posted an 11.58% return for 2025, lagging the S&P 500’s 17.88% gain. In its Q4 2025 investor letter the fund disclosed a complete exit from Revvity (RVTY), citing disappointing post‑COVID acquisitions and a slowdown in...
Squarepoint Affiliate Launches Market-Making Unit
STG Group, an affiliate of Squarepoint Capital, announced the launch of STG Securities, an independent electronic market‑making broker‑dealer. The new unit will trade securities using its own capital and is headed by Kirill Gelman, who previously led automated options trading...
DoubleLine Highlights Emerging Market Opportunities Despite Middle East Tensions
DoubleLine Capital sees a "virtuous feedback loop" in emerging markets as a weakening U.S. dollar and ongoing central‑bank rate cuts create attractive local‑currency fixed‑income opportunities. While recent U.S.-Israel strikes on Iran sparked a sharp sell‑off in EM currencies and equities,...
Derek Pilecki on Long/Short Financials Investing, Regional Banks, Non-Banks and Insurance | S08 E08
In this episode, Derek Pilecki of Gator Capital discusses why small‑cap and regional banks are deeply undervalued, trading well below historic 10‑14x PE ranges, and outlines his deep‑value, long/short strategy focused on financial services. He explains the lingering effects of...
The Macro Pivot: Anthony Scaramucci and the New Frontier of Alternative Investments in 2026
Anthony Scaramucci’s SkyBridge Capital is leading a “Macro Pivot” as the firm shifts heavy allocation toward macro trading amid heightened inflation, interest‑rate hikes, and geopolitical tension. The move follows a broader industry resurgence of macro strategies that now outperform traditional...
Hedge Funds Reposition Around AI and Tech Volatility:
Hedge funds are actively repositioning their portfolios to capture the AI‑driven technology cycle, moving beyond concentrated bets on mega‑cap names toward a broader exposure across the AI supply chain. Managers are blending long‑short equity, quantitative models, and macro overlays to...
New Hire Greg Knight: $800M Profit, Recent Struggles
Scoop: Taula’s New Hire Greg Knight Made $800 Million Profit at Millennium But Last Two Years Were Tough https://t.co/KYHo535VRM