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.
NewSquare Capital Dumps $15 Million of QTEC Amid AI‑Heavy Tech Rally
NewSquare Capital reduced its holding in the First Trust NASDAQ‑100 Technology Sector ETF (QTEC) by 64,705 shares, a transaction valued at roughly $14.8 million. The sale shrank the fund’s weight in NewSquare’s 13F portfolio to 0.03%, signaling disciplined profit‑taking after a near‑60% year‑to‑date rally in the AI‑laden ETF.
Klaviyo Shares Tumble 32% After Earnings; Glynn Capital Exits Position
Klaviyo Inc. saw its shares plunge 32% on May 5 after reporting a 28% revenue jump and raised guidance, while Glynn Capital Management disclosed it had sold its entire 456,805‑share holding for roughly $9.8 million earlier in the quarter. The twin...
Citi Rolls Out FX Growth Initiative Aimed at Hedge Funds and Private‑Equity Clients
Citigroup announced a dedicated foreign‑exchange growth program for hedge‑fund and private‑equity clients, positioning the bank to capture rising demand for bespoke FX solutions amid expanding global trading volumes.
TCI’s Chris Hohn Cuts $8 B Microsoft Stake, Signaling Portfolio Shift
TCI, the hedge fund founded by Christopher Hohn, sold almost its entire $8 billion Microsoft position, lowering the holding to about 1% of the fund’s assets. Hohn warned that rapid AI advances threaten Microsoft’s competitive edge, prompting a broader reallocation toward...
Vol‑control Funds Buy $5.6B, Still $100B Under Cap
Vol-control funds are net buyers this week. $5.6B in buys on Friday alone. Still $100B below the cap.
Willdan Stock Is Skyrocketing, but One Fund Still Cashed Out $7.7 Million
Willdan Group’s stock has rallied 85% year‑to‑date, far outpacing the S&P 500. Bard Associates reduced its Willdan holding by 73,167 shares, cashing out roughly $7.74 million in Q1 2026. The sell‑off appears to be profit‑taking, as Willdan later reported an 82% jump...
April 2026 Hedge Funds Surge 4.8% as Asian Long/Short Strategies Climb 20% YTD
Global hedge funds posted a 4.8% gain in April, the strongest monthly advance since November 2020. Asian long/short managers led the charge, delivering a 20.1% year‑to‑date return, while equity‑hedge and event‑driven strategies posted double‑digit gains.
Hedge Funds Beat Market Using 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: 🧵
Citadel Expands Miami HQ, Ken Griffin Bets on Florida as NYC Tax Plan Looms
Citadel announced a major expansion of its Miami headquarters, adding several hundred thousand square feet and moving toward a 1.7 million‑sq‑ft, 54‑story tower. The push follows New York City Mayor Zohran Mamdani’s proposed tax on luxury second homes, a move Griffin...
AI Threatens Microsoft’s Core Dominance, Hedge Fund Warns
One of the world’s top hedge funds just made a striking AI statement. Chris Hohn’s TCI sharply reduced its Microsoft position, warning that AI could eventually threaten parts of its core software dominance. That is the paradox of AI. Even today’s winners...
WCM Investment Management Sells $940 Million of MercadoLibre Shares, Slashing Stake to 0.001%
WCM Investment Management sold 487,291 MercadoLibre shares worth about $940 million in Q1 2026, leaving a residual stake of just 270 shares (0.001% of its 13F AUM). The move underscores the hedge fund’s bearish view amid tech volatility and AI‑driven spending...
Cabot Wealth Management Boosts TSM Stake by 3% as Chip Sector Gains Momentum
Cabot Wealth Management increased its Taiwan Semiconductor Manufacturing (TSM) position by 3.0% in Q4, buying 2,692 shares to hold 93,369 shares worth $28.37 million—its fifth‑largest holding. The move signals institutional optimism for the chip maker as the sector rallies on strong...
Why Are Hedge Fund Managers Always Bearish?
Hedge‑fund legends such as Ray Dalio and Paul Tudor Jones routinely issue bearish market calls, warning of overvaluation and potential crises. Their forecasts stem from a trader‑centric mindset that emphasizes risk control and short‑term alpha rather than long‑term buy‑and‑hold investing. Despite...
Hayfin Taps Ex‑Goldman Executive Michael Marsh to Run €38bn Portfolio
Hayfin Capital Management named Michael Marsh, a nearly two‑decade veteran of Goldman Sachs, as head of investments. The newly created role puts Marsh in charge of the firm’s €38 billion ($45 billion) portfolio from its London office, signaling a push to sharpen...
Balyasny Hires Mike DiSpirito From BlackRock
Balyasny Asset Management hired Mike DiSpirito, a former BlackRock director of equity and derivatives trading, as an equity trader in New York. DiSpirito brings over 15 years of experience across asset‑management, global markets, and treasury roles, most recently leading a...
Saba Capital Pauses UK Activist Campaign After Aberdeen Deal Resolves Herald Trust Dispute
Saba Capital has agreed to a three‑year pause on its activist campaign against up to nine UK investment trusts after a deal that hands Herald Investment Trust to Aberdeen Investments. The settlement includes a tender offer for up to 66%...
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):
Bobby Jain Returns Capital Amid Hedge Fund Gazumping Surge
Back from leave. Broke the digital detox a couple of times. Worth it. Bobby Jain is returning external capital in one of the most consequential moments in hedge funds this year. Gazumping is accelerating and sparking even litigation: https://t.co/9xv87N71Io...
SPX Capital Closes London Office, Overhauls Macro Unit After Losses
Brazilian hedge fund SPX Capital announced the shutdown of its London office and a comprehensive overhaul of its macro investment unit after a stretch of losses. The move follows the departure of senior partners Marcelo Castro and Marcella Libardoni, underscoring...
TCI Slashes Microsoft Holding to 1% over AI Worries
JUST IN: TCI cut its Microsoft stake to 1% of its portfolio over AI concerns.
Trader Duran Steinman Backs Out of Millennium, Joins Citadel
SCOOP: Hedge Fund Trader ‘Gazumps’ Millennium, Again. This time to Join Citadel. After agreeing for the second time to join Millennium, macro trader Pablo Duran Steinman has reneged once again. https://t.co/LpM1X8o12P
Hedge Funds in 2026: Which Strategies Are Working and Why?
Despite fee and liquidity concerns, hedge funds remain a valuable asset class for diversified portfolios. In early 2026, healthcare‑focused funds and merger‑arbitrage strategies posted the strongest performance, reversing lagging results from 2025. The Wealth Enterprise Briefing emphasizes evaluating hedge funds...
Ken Griffin Doubles Down on Miami, Expanding Citadel Footprint Amid NYC Wealth‑tax Clash
Citadel founder Ken Griffin confirmed a multi‑hundred‑thousand‑square‑foot expansion of the hedge fund’s Miami headquarters, saying the move is a direct response to New York Mayor Zohran Mamdani’s “tax the rich” video and related security worries. The expansion adds to Citadel’s...
Hedge Funds Surge in April to Post Strongest Gains Since 2020
Global hedge funds posted a 4.8% gain in April 2026, the strongest monthly rise since November 2020 and the second‑largest since May 2009. The rebound was led by Equity Hedge, which jumped 7.3%, and a standout 14.8% surge in technology‑focused...
Tudor Jones Bets AI Stocks Will Rally Another Two Years
Paul Tudor Jones just said he bought more AI stocks and the AI bull market has “another year or two to run.” 🚀 https://t.co/vnZpuUTyq2
Multi-Strategy Giants Rebound Sharply in April as Mega Hedge Fund Platforms Regain Their Footing:
After a turbulent March, the world’s largest multi‑strategy hedge fund platforms rebounded sharply in April, delivering gains ranging from 1.4% to 4% across firms such as Millennium, Citadel, ExodusPoint, Schonfeld and Balyasny. The rally was driven by a broad equity...
KKR Signals Softer Earnings Outlook Despite Strong Q1:
KKR posted a robust first‑quarter 2026, expanding assets under management to roughly $758 billion and raising $28 billion of new capital. Adjusted net income hit $1.2 billion, or $1.39 per share, comfortably beating the $1.29 consensus. Management fees surged 30% to $1.2 billion, underscoring...
Hedge Funds Attract $45 Billion in Q1 2026, Highest Inflows Since 2007
Hedge Fund Research reports that hedge funds secured nearly $45 billion of fresh capital in the first quarter of 2026 and $90 billion over the last two quarters, the biggest two‑quarter inflow stretch since 2007. The surge reflects a broader reassessment of...
Aspect Capital Opens $550 Million China Futures Strategy to Global Investors
Aspect Capital, the London‑based systematic hedge fund with $9 billion in assets under management, has opened its China absolute‑return futures program to investors worldwide. The $550 million strategy, previously limited to mainland Chinese clients since 2019, aims to provide uncorrelated returns as...
This Hedge-Fund Legend Just Warned Investors Not to Chase Stocks Higher. Why He Is Investing in AI Anyway.
Paul Tudor Jones warned investors not to chase higher stock prices but said the AI‑driven rally still has room to run, forecasting up to 40% more upside over the next year or two. In a CNBC interview he disclosed recent...
Affiliated Managers Insider Purchase Signals Confidence in Hedge‑Fund Affiliate
Director Cates G. Staley purchased 1,500 shares of Affiliated Managers Group (AMG) for $458,745 on May 6, 2026, signaling insider confidence. The buy follows AMG's record first‑quarter assets under management, robust net inflows into liquid alternatives, and strong EBITDA and...
Tom Hayes – Fox Business – Varney & Co – Appearance – 5/7/26
On May 7, 2026, Tom Hayes, Chairman of Great Hill Capital, appeared on Fox Business alongside Varney & Co. During the interview he outlined the firm’s $5 billion capital deployment plan and highlighted a strategic pivot toward tech‑enabled consumer brands. Hayes...
SPX Capital Closes London Office, Overhauls Macro Team After Sustained Losses
Brazilian hedge fund SPX Capital announced the closure of its London office and a major overhaul of its macro investment unit after a stretch of losses. The move includes the exit of senior partners Marcelo Castro and Marcella Libardoni, signaling...
Netskope (NTSK) Slid on a Combination of Sector-Wide and Technical Factors
Baron Discovery Fund highlighted Netskope in its Q1 2026 investor letter, noting the stock fell despite strong fundamentals. Netskope closed at $10.55, up 24.56% over the month but down 39.85% year‑to‑date, with a $4.22 billion market cap. The decline is attributed...
Saba Secures Herald Investment Trust Tender Offer Deal
Saba Capital Management has secured a tender offer covering up to 66% of Herald Investment Trust’s share capital, giving shareholders the choice of cash or in‑specie exit at a price close to net asset value. The deal also appoints Aberdeen...
Leader-Follower Dynamics in Shareholder Activism
The authors analyze leader‑follower dynamics in hedge‑fund activist "wolf‑pack" campaigns, showing that a lead investor can use its initial market trades to signal intent and attract like‑minded followers. Leaders typically acquire about 1% of a target’s shares before hitting disclosure...
Apollo Global Management Hits $1 Trillion AUM and Closes $6.5 B Hybrid Value Fund
Apollo Global Management announced that its assets under management surpassed $1 trillion and that its Hybrid Value Fund III closed with $6.5 billion in commitments. The milestones underscore the firm’s aggressive expansion across credit and equity strategies amid a backdrop of market‑risk...
Brittle Peace, Fragile Trends: CTAs Battle April Volatility
In April the NHX CTA Index delivered a modest positive return despite divergent outcomes among its managers and sub‑strategies. Early‑month time‑series momentum plunged amid cease‑fire‑triggered trend reversals, but steadied in the second half as a strong equity rally offset flat...
Steve Cohen Names Harry Schwefel President as Point72 Scales to $50 Billion Multi‑Manager Platform
Point72 founder Steve Cohen has elevated co‑CIO Harry Schwefel to president, formalizing a new executive committee as the hedge fund expands to roughly $50 billion in assets under management and more than 3,300 employees. The move aims to institutionalize leadership while...
XA Investments Adds $91M Evanston Multi-Alpha Fund, Becomes Its Adviser
XA Investments announced it will incorporate the $91 million Evanston Multi-Alpha Fund into its platform and assume advisory duties, pending regulatory clearance. The move expands XAI’s suite to four funds and signals growing demand for hedge‑fund strategies in accessible fund structures.
Schwab US Large‑Cap ETF Hits 12‑Month High, Institutional Buying Accelerates
Schwab's U.S. Large‑Cap ETF (SCHX) surged 0.8% to a new 12‑month high, trading near its 50‑day moving average of $26.80. The rally coincided with fresh buying from several hedge funds and advisory firms, underscoring growing demand for broad large‑cap exposure.
Adapt CIO Warns Fragile Market Structure Could Spark Liquidity‑Driven Bankruptcies
Adapt Investment Managers’ chief investment officer, Alexis Maubourguet, warned that the market’s “fragile” structure could precipitate a shock leading to “liquidity‑driven bankruptcies.” In a 40‑page note, he outlined seven structural shifts that he says investors are underestimating, raising alarm across...
Hedge Funds Log Record $45 Billion Inflows as Markets Hit New Highs Amid Geopolitical Risks
Hedge funds drew $45 bn of new capital in the first quarter, lifting total assets to a record $5.2 tn. The surge came as the S&P 500 and Nasdaq 100 closed the month at all‑time highs, even as geopolitical tensions and a...
Citadel CEO Ken Griffin Doubles Down on Miami Expansion Amid NYC Tax Fight
Citadel founder and CEO Ken Griffin announced the hedge fund is "doubling down" on its Miami operations, expanding office space after New York City mayor Zohran Mamdani pushed a new tax on luxury second homes. The move underscores a strategic...
Even Renaissance's Edge Yields Only 50% Winning Trades
“For all the unique data, computer firepower, special talent, and trading and risk-management expertise Renaissance has gathered, the firm only profits on barely more than 50 percent of its trades, a sign of how challenging it is to try to...
Apollo Global Management Closes $6.5 B Hybrid Value Fund III
Apollo Global Management announced the final close of Apollo Hybrid Value Fund III, securing roughly $6.5 billion in commitments. The fund, which targets structured equity and convertible securities, reflects robust demand for flexible capital amid market uncertainty.
The Illusion of Longevity: Why Averages Mislead in Hedge Fund Survival
The Nordic hedge‑fund industry appears stable when citing a 7.3‑year average lifespan, but that figure is skewed by a few long‑lived managers. The median survival is only 5.3 years, indicating most funds exit much sooner. Early‑year closures dominate, yet a...
Alternative Views Roy Niederhoffer
Roy Niederhoffer, president of R.G. Niederhoffer Capital Management, explained why his firm has outperformed in recent months by emphasizing ultra‑short‑term trading horizons and a data‑driven approach. He detailed the evolution of short‑term models that ingest macro and geopolitical signals, allowing...
Assets in SA Hedge Funds Grow 36% in 2025
South African hedge funds reported a 36% jump in assets under management for 2025, marking the strongest annual growth in the sector’s recent history. The surge pushed total AUM to a record high, reflecting heightened investor appetite for alternative strategies....
Regal Partners on Track for A$2 Bn Net Inflows in 2026 as Inflation‑Hedge Demand Spikes
Regal Partners Ltd. said it is on pace to attract A$2 bn ($1.4 bn) in net inflows this year, the strongest start since its 2022 listing. The surge, including A$200 m through April, reflects heightened investor appetite for strategies that hedge inflation amid...