Today's Hedge Funds Pulse
AI‑focused hedge fund Situational Awareness hits $20 bn AUM with 1,000% returns
Situational Awareness, founded by 24‑year‑old AI researcher Leopold Aschenbrenner, has grown its assets under management to over $20 billion in under two years. The fund has delivered net returns exceeding 1,000% since inception and is up roughly 270% in the first five months of 2025, with its biggest position a 20% stake in AI developer Anthropic.
Man Group’s Q1 Update Highlights AUM Stability Amid Fee‑Pressure Concerns
Man Group released its Q1 2025 trading update on April 16, confirming that assets under management remained broadly stable while fee income faced mounting pressure from lower performance fees and competitive pricing. The report also underscored the importance of client flows and the mix of systematic versus discretionary strategies for future revenue.
Quant and Systematic Hedge Funds Attract 23% More Allocator Exposure in 2026
Institutional allocators are shifting back toward quantitative and systematic hedge fund strategies, with 23% planning to increase exposure in 2026. The trend follows $78 billion of net inflows in 2025 and a 10.5% performance gain for top quant managers, signaling a...
Hedge Fund Redemptions Edge Higher Yet Remain Below Historical Norms
Investor withdrawals from hedge funds rose modestly to 2.17% of assets under administration for June, up from 1.98% in May, but the rate stays well below historic levels. The data suggests allocators are maintaining exposure despite ongoing market turbulence.
Bainbridge Partners’ Florian Denie on Why Manager Selection Beats Strategy in a Volatile Regime
Bainbridge Partners’ CIO Florian Denie says the current wave of contradictory market signals has pushed the firm into a defensive, manager‑led stance. The firm is stripping away factor, sector and asset‑class exposures to chase idiosyncratic alpha and tighter risk control....
DOL's Proposed ERISA Rule Targets Hedge Fund and Private Credit Access in Retirement Plans
The U.S. Department of Labor unveiled a proposed fiduciary rule that would tighten how retirement plans evaluate private‑market alternatives, including hedge funds and private‑credit vehicles. Industry participants warn the rule could curb access to higher‑return assets while regulators argue it...
Archon Capital Dumps $8.8M EZCORP Stake, Highlighting Pivot in Pawn‑Shop Lending
Archon Capital Management sold all 367,433 shares of pawn‑shop lender EZCORP for an estimated $8.81 million, wiping out a $7.14 million loss on the position. The exit comes as EZCORP posted record revenue and rapid store expansion, raising questions about why the...
Divisadero Street Capital Doubles Dave Stake with $73.6 Million Bet
Divisadero Street Capital Management bought an additional 379,232 Dave shares for an estimated $73.6 million, doubling its holding to $111.6 million and making the fintech a top‑five position. The move follows a 52‑week low in February and a rapid price rally, signaling...
GHO Capital and CBC Group Unveil World’s Largest Healthcare Investment Firm
GHO Capital and CBC Group have merged their specialist healthcare platforms into a single entity, creating the world’s largest dedicated healthcare investment firm with more than 200 professionals in 13 offices. The new firm will tap the 90% of global...
Axos Financial Shares Jump 15% as Ategra Cuts $3.6M Stake
Ategra Capital Management sold 39,577 Axos Financial shares worth about $3.61 million in Q1 2026, reducing its stake to 4.81% of its reportable assets. The transaction coincided with a 15% rise in Axos’s share price, underscoring investor optimism about the digital‑banker’s...
Multi‑Manager Hedge Funds Close Gates, Shrinking Allocator Access
Leading multi‑manager hedge‑fund platforms are increasingly restricting new capital, a “gate‑closing” trend that limits institutional allocators’ access to the sector’s most diversified strategies. The move forces pension funds, endowments and sovereign wealth funds to look beyond the traditional giants toward...
Spyglass Capital Sells $26 M of Global‑e Online After 24% Stock Drop
Spyglass Capital Management LLC sold 745,544 Global‑e Online shares worth $26.22 million, reducing its holding to 4.5% of its U.S. equity assets after the stock fell 24% in Q1 2026. The move underscores the hedge fund’s concentration strategy and raises questions...
Ex‑OpenAI Researcher Aschenbrenner Shorts Nvidia, Oracle in $13.6 B AI‑Crypto Bet
Leopold Aschenbrenner, a former OpenAI researcher turned hedge‑fund manager, filed a 13F showing a $13.6 B repositioning that includes $1.57 B short on Nvidia and $1.07 B each on Oracle and VanEck’s semiconductor ETF. The move signals a bet that AI growth will...
Bienville Capital Sells Monday.com Stake for $22.5 Million, Cutting 5.5% of AUM
Bienville Capital Management disclosed a May 13, 2026 filing showing it sold all 234,818 shares of Monday.com for an estimated $22.53 million, wiping out 5.5% of its assets under management. The move comes as hedge funds reassess exposure to high‑growth SaaS firms amid...
Point72 Posts 4.5% April Gain, Leads Multi‑strategy Hedge Fund Rally
Point72 recorded a 4.5% return in April and an 8.5% gain through early May, putting it ahead of major U.S. multi‑strategy rivals. The performance underscores the firm’s scalable pod structure and risk infrastructure amid a volatile market backdrop.
MSA Advisors Dumps $8.3 Million Vail Resorts Stake, Highlighting Ski‑Resort Lodging Uncertainty
MSA Advisors, LLC sold its entire 60,600‑share holding in Vail Resorts for an estimated $8.27 million, wiping out a 2% position in its portfolio. The sale comes as Vail’s stock has fallen 19% this year and 60% over five years, reflecting...
Hedge Funds Log 5.6% April Return, Best Monthly Rebound in a Decade
Hedge funds administered by Citco posted a 5.6% weighted average return in April, the strongest monthly performance in a decade. The rally was broad‑based, with equity and global macro strategies leading, and larger managers outpacing smaller peers.
Allspring Closed-End Funds Set 8‑9% Annual Distributions, Payable July 1
Allspring Global announced that its Income Opportunities, Multi‑Sector Income, Utilities & High Income, and Global Dividend Opportunity closed‑end funds will distribute at fixed annual rates ranging from 8% to 9%. The payouts are scheduled with an ex‑dividend date of June...
Valor Management Puts $139 Million Into Bitgo, Its Largest Crypto Bet Yet
Valor Management LLC announced a $138.91 million acquisition of 12,538,608 Bitgo Holdings shares, instantly making the crypto‑custody provider its largest position at 57% of the fund’s assets. The move marks a dramatic shift from the manager’s traditional healthcare focus to a...
Lonestar Capital Cuts Dauch Corp Stake to 1.33% of AUM in $4.6M Sale
Lonestar Capital Management disclosed a $4.57 million sale of 656,574 Dauch Corporation shares, cutting its exposure to 1.33% of assets under management. The move lowers the fund’s weight in the automotive supplier from 2.8% to 2.2% and reflects a broader rebalancing...
Bill Ackman Dumps Alphabet, Puts $2.1 Billion Into Microsoft
Bill Ackman’s Pershing Square Capital Management sold most of its Alphabet holdings and used the proceeds to buy roughly $2.1 billion of Microsoft shares. The move, disclosed in a 13‑F filing and Ackman’s X posts, underscores a belief that Microsoft’s AI‑cloud...
Strong Gains, Full Exit — What H World's China Bet Could Mean Now
Bright Valley Capital disclosed on May 13, 2026 that it liquidated its entire stake in H World Group, selling 536,000 shares for an estimated $27.33 million. The transaction, based on the quarter’s average closing price, resulted in a net position decline...
Forest Avenue Capital Boosts Par Pacific Stake by $61 Million, SEC Filing Shows
Forest Avenue Capital Management LP added 625,247 shares of Par Pacific Holdings, lifting the quarter‑end value of its position by $60.94 million. The move, disclosed in a May 14, 2026 SEC filing, brings the hedge fund’s exposure to the energy company to 5.27%...
Situational Awareness Fund Puts $2.2 Billion Into AI Infrastructure After 13F Reveal
Leopold Aschenbrenner’s Situational Awareness Fund disclosed $2.2 billion of AI‑related positions in a May 18, 2026 13F filing, with top bets in Bloom Energy, SanDisk and CoreWeave. The bet underscores a strategic tilt toward AI infrastructure rather than headline chip makers.
Diameter Capital Partners Buys $32.8 Million of Uniti Group Fiber REIT
Diameter Capital Partners disclosed a $32.78 million purchase of 4,181,528 Uniti Group shares, raising its stake to 5.68 million shares or 4.99% of its 13F assets. The trade underscores a growing hedge‑fund focus on fiber‑infrastructure REITs that stand to benefit from AI‑driven...
Kanen Wealth Management Swaps $10M Trex Stake for $14M Six Flags Position
Kanen Wealth Management LLC exited a $10.06 million Trex Company position and opened a $14.32 million investment in Six Flags Entertainment, altering its 13F holdings and signaling a sector rotation toward leisure assets.
David Tepper Near‑Doubles Appaloosa’s Amazon Stake as Berkshire Sells
Appaloosa Management’s founder David Tepper increased the fund’s Amazon position by almost 100% in the first quarter of 2026, making the e‑commerce giant its top holding. At the same time, Berkshire Hathaway’s Greg Abel sold the conglomerate’s entire Amazon stake,...
Stanley Druckenmiller Sells $152M Alphabet Stake, Pivots to Memory and Storage Leaders
Stanley Druckenmiller’s Duquesne Family Office sold all 385,000 Alphabet shares – a $152.7 million position – and trimmed Amazon to under 10,000 shares. The proceeds were redeployed into Broadcom and a trio of memory and storage stocks, highlighting a shift from...
Blue Owl Capital Issues Second $400 Million Investment‑Grade Bond in a Month
Blue Owl Capital’s private‑credit vehicle sold a $400 million, five‑year investment‑grade bond at a 2.3% spread over Treasuries, tightening by 0.3 percentage points from earlier talks. The issuance follows a similar $400 million sale to Pacific Investment Management a month earlier and...
BlackRock’s LTAF Hits $9.3B AUM as Hamilton Lane Joins UK Market
BlackRock’s newly launched long‑term asset fund (LTAF) has amassed roughly $9.3 bn in assets under management, driven by strong demand from UK defined‑contribution pension schemes. At the same time, US‑based Hamilton Lane received regulatory approval to introduce its own LTAF in...
1607 Capital Partners Dumps $26.8 M of European Bank ETF After Multi‑Year Rally
On May 15, 2026, 1607 Capital Partners disclosed a $26.76 million sale of 731,835 shares of the iShares MSCI Europe Financials ETF (EUFN), cutting its exposure to European banks after a multi‑year rally. The move reflects concerns that falling European Central...
Ares Management Raises Record $30 B, Accelerating Private‑Credit Tilt
Ares Management reported a $30 billion capital raise, its largest ever, and used the proceeds to deepen exposure to private‑credit, direct‑lending funds and business development companies. The move signals strong institutional appetite for transparent, liquid credit vehicles and puts pressure on...
Hedge Funds Slip 2.2% in March as AI Payback, Oil Shock Test Strategies
PivotalPath's Hedge Fund Composite Index fell 2.2% in March, leaving year‑to‑date gains at 1.0% as AI‑related bets, a sharp oil price shock and sector rotation pressured equity‑heavy books. Only 28% of funds posted gains, highlighting the need for selective, liquid...
Totem Point Dumps $6.9 M of Bill.com Shares, Exiting SaaS Fintech Stake
Totem Point Management, LLC sold its entire holding of 155,100 Bill.com shares for an estimated $6.94 million, wiping out a $8.46 million position. The move comes despite Bill.com reporting 13% revenue growth and a return to profitability in its latest quarter.
Brookfield Posts $1.6 B Q1 Earnings, Raises $21 B in Quarter, Boosts Hedge‑Fund Allocation Outlook
Brookfield (NYSE:BN) posted $1.6 billion in distributable earnings for Q1 2026 and raised $21 billion of new capital, bringing year‑to‑date fundraising to $67 billion. The results underscore the firm’s expanding asset‑management platform and its impact on hedge‑fund allocation decisions.
Conversant Capital Dumps $35.8M Global Net Lease Stake, Boosts Senior Living Bet
Conversant Capital disclosed a $35.8 million sale of its entire 3.8 million‑share position in Global Net Lease (GNL), while simultaneously investing $178.7 million to double down on Sonida Senior Living (SNDA). The moves suggest a strategic rotation away from office‑heavy net‑lease assets toward...
Guggenheim Active Allocation Fund Short Interest Plummets 45.7% in April
Short interest in the Guggenheim Active Allocation Fund (NYSE:GUG) fell 45.7% in April, the steepest decline recorded this year. The drop coincides with modest insider selling, a 1.1% dip in the stock price, and renewed buying by several hedge‑fund managers,...
ESMA Flags Governance Gaps in EU Hedge‑Fund Oversight After 2025 Review
The European Securities and Markets Authority (ESMA) released its 2025 Common Supervisory Action report, revealing that while most fund managers meet AIFMD and UCITS rules, significant governance weaknesses persist, especially around the independence of internal audit and control functions. The...
Harvard Endowment CIO Narvekar Starts Exit Talks, Raising Questions for Hedge‑Fund Allocations
Harvard University’s chief investment officer, N.P. “Narv” Narvekar, has opened succession discussions with Harvard Management Company about leaving the $56.9 bn endowment. His tenure saw major restructurings, including higher private‑equity exposure, and his departure could reshape the fund’s hedge‑fund partnerships.
Aristotle Capital Boston Buys $14.7 M of Perella Weinberg Shares, Expanding Boutique Advisory Bet
Aristotle Capital Boston disclosed a $14.66 million purchase of 745,994 Perella Weinberg Partners shares, lifting its stake to 1.39% of the fund’s 13F assets. The move comes as the fund trims Huron Consulting and ACI Worldwide positions, signaling a strategic tilt...
North Reef Capital Dumps $103 Million of Stellar Bancorp Amid 37% Rally
North Reef Capital Management liquidated its full 2.88 million‑share position in Stellar Bancorp for an estimated $103.10 million, cashing in on a 37% stock rally. The move comes as Stellar prepares for a merger with Prosperity Bancshares, raising questions about capital‑raising needs...
Ares Management Secures Record $30 Bn to Accelerate Private Credit Shift
Ares Management announced a record $30 bn capital raise, the biggest in the firm’s history, and is redeploying the money into private‑credit vehicles, business‑development companies and specialty holdings. The move underscores a sector‑wide tilt toward private credit that could reshape hedge‑fund...
Miami Beach Hedge Fund Director Joshua Chad Koren Arrested on Stalking Charge
Joshua Chad Koren, director of research at Pleasant Lake Partners LLC, was taken into custody on May 15, 2026, after Miami Beach police charged him with stalking a woman and discovering a bag of weapons in his Porsche. The arrest...
$23 Billion AGF Fund Boosts Caterpillar, Trims Boston Scientific
AGF Investments, overseeing about $23 bn across five funds, increased its stake in Caterpillar to an average $661 per share and reduced its holding in Boston Scientific. The move reflects the manager’s confidence in U.S. growth, AI‑linked industrials and a broader...
Baupost and Appaloosa Boost Amazon Stakes as Hedge Funds Tilt Toward Tech
Seth Klarman’s Baupost Group lifted its Amazon holding by 47% to roughly $650 million and added sizable positions in Aon, Visa and Teleflex. In the same quarter, David Tepper’s Appaloosa Management almost doubled its Amazon stake and bought SanDisk, underscoring a...
Monimus Capital Boosts TripAdvisor and Ziff Davis Stakes, Signaling Faith in Digital Media Ads
Monimus Capital Management increased its TripAdvisor holding by $23.9 million and opened a new $8.9 million position in Ziff Davis, bringing its exposure to two key digital‑media companies to roughly $34 million. The moves highlight the fund’s belief that advertising‑driven platforms can thrive...
Eighteen48 and INVL Raise Over €200 Million, Boosting European Hedge‑Fund Capital
Eighteen48 and INVL announced fund closes today, together securing more than €200 million (about $218 million) in fresh capital. The raises, one for a private‑equity‑focused vehicle and the other for a defense‑infrastructure strategy, highlight a surge of investor interest in specialized European...
Heron Bay Capital Adds $52.8 M of Vontier Shares, Boosting Stake to 7.1% of Portfolio
Heron Bay Capital Management purchased an additional 1,370,006 Vontier shares for roughly $52.8 million, lifting its ownership to 7.13% of the fund’s reported 13F assets. The move underscores the firm’s belief in Vontier’s B2B growth prospects despite a 23.9% share‑price decline...
Ackman’s Pershing Square Adds Microsoft, Completing Magnificent Seven Quartet
Bill Ackman announced that Pershing Square Capital Management has taken a new stake in Microsoft, making it the hedge fund’s fourth Magnificent Seven holding. The move follows a February entry at about 21 × forward earnings and reflects Ackman’s belief that...
Citadel Orders Hong Kong Quant Team to Relocate or Quit, Citing Global Co‑Location Strategy
Citadel has instructed members of its Hong Kong‑based global quantitative strategies team to either relocate to Singapore or Miami or leave the firm. The move, framed as part of a global co‑location strategy, has raised questions about data‑security concerns and...
QVR Advisors to Wind Down Fund After 30% Losses and Heavy Redemptions
QVR Advisors announced it will wind down its hedge fund after losing roughly 30% of its value between January and April and facing significant investor redemptions. The San Francisco‑based firm, which peaked at $1.6 billion in assets, cited underperformance across volatility...