Know What's Happening in Hedge Funds
Know What's Happening in Hedge Funds
Arini Capital Rockets to $20B AUM After Turning Down Ken Griffin’s Offer
London‑based Hamza Lemssouguer rejected a multi‑billion‑dollar overture from Citadel founder Ken Griffin in 2020. He launched Arini Capital with $1.3B in seed capital, and within two years the firm amassed roughly $20B in assets under management, earning the title of fastest‑growing new hedge fund.
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, while US equities slipped amid AI‑boom doubts and renewed tariff threats. Commodity markets remained volatile, highlighted by gold recovery and oil price swings.
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...
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 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,...
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...
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 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...
Scoop: Taula’s New Hire Greg Knight Made $800 Million Profit at Millennium But Last Two Years Were Tough https://t.co/KYHo535VRM
The latest Finviz heat‑map shows money flowing primarily into technology stocks, which dominate the green‑shaded areas, while energy and utilities remain mixed or red. Mid‑cap and small‑cap names are experiencing notable speculative inflows, contrasting with lagging performance in financials. Overall...
"Any repeatable process that generates significant alpha in fundamental investing is going to get competed away." - @GavinSBaker (EP.489) With thanks to @AlphaSenseInc, @MorningstarInc, and Ridgeline.
Avala Global founder Divya Nettimi told Bloomberg Invest that hedge funds could soon deploy fleets of AI agents to multiply research capacity. In three to five years, bots might monitor data across hundreds of stocks, letting analysts expand coverage from...
S Harris Financial Group (SHFG), a San Antonio‑based advisory firm managing $348.6 million for 240 clients, filed its Q4 2025 13F showing $104.4 million in disclosed securities. The portfolio is heavily weighted toward fixed‑income ETFs, with Fidelity Total Bond ETF (FBND) representing 12.5%...
PensionDanmark has shifted the bulk of its emerging market debt portfolio from external managers to an internal team, now overseeing most hard‑currency and local‑currency sovereign exposure. The fund employs a core‑satellite framework, using the internal core for broad beta and...
Geopolitical tensions in 2026 have re‑emerged as a primary driver of global capital flows, prompting investors to seek defensive positions. Tens of billions of dollars have moved into money‑market funds, while traditional safe havens such as U.S. Treasuries, gold, and...
Pension funds worldwide are rapidly expanding allocations to alternative assets, with global pension assets exceeding $60 trillion. The Teachers’ Retirement System of Illinois alone approved nearly $1 billion for hedge funds and private‑market strategies, reflecting a broader move toward private equity, private...
South African hedge funds opened 2026 with a median gain of 1.49%, led by the multi‑strategy segment. The FTSE/JSE All Share Index rose 3.72% and the All Bond Index added 1.93% in January, providing a supportive backdrop. Long/short equity funds...
Kraft Fondene’s high‑yield funds posted double‑digit returns in 2025 despite a market shift toward tighter spreads and lower dispersion. Leveraging a strong 2024 portfolio, the team rotated out of over‑compressed positions such as Heimstaden Bostad and reduced exposure to subordinated...
Bill Ackman's Pershing Square Holdings has fallen 11.1% year‑to‑date through February 24, underperforming the S&P 500’s modest gain. The London‑listed fund, which represents about $13 billion of the firm’s $20 billion AUM, is hit by weakness in key positions such as Fannie Mae,...
Tidan Capital has appointed Laurent Keller as Senior Portfolio Manager, bolstering its volatility and options arbitrage platform. Keller brings over a decade of quantitative experience in equity volatility relative‑value, dispersion and correlation strategies from a large Swiss institutional investor. He...
Cogent Strategic Wealth LLC, a Chicago‑based advisory firm, reported $265.9 million discretionary AUM as of Dec 31 2024 and disclosed its Q4 2025 13F holdings of $91.7 million, with a 67.5% concentration in its top ten positions. The firm’s largest holding is the Dimensional U.S....
Sankala Group LLC, a Lyons‑based advisory firm, manages $144.3 million in discretionary assets for 110 clients. Its most recent 13F filing shows $125.1 million in securities with a 33 % concentration in the top ten holdings, led by the iShares Treasury Floating Rate...
Tobam, a Paris‑based hedge fund, reported $1.236 billion in discretionary assets under management for the period ending 31 December 2025, serving 28 institutional clients. Its latest 13F filing shows $407 million in managed securities with a 21.34% concentration among the top ten holdings, led...
Reflection Asset Management (RAM), based in Isle of Palms, oversees $164.95 million in discretionary assets for 67 clients and reported $140.68 million in 13F‑registered securities for Q4 2025. Its portfolio is heavily weighted toward NVIDIA, which alone accounts for 33.78% of its top‑ten...
In a recent Morgan Stanley interview, legendary macro investor Stanley Druckenmiller explained that contrarianism is often overrated and that true returns come from anticipating shifts in perception. He highlighted his successful bets on Teva Pharmaceuticals, which doubled after the market...
Top institutional investors have markedly increased their holdings in Brookfield Corp. (BN) during the latest quarter, with Pershing Square, Akre Capital, Lone Pine and others adding billions of dollars in equity. The purchases reflect confidence in Brookfield’s diversified alternative‑asset platform,...
Insider Monkey’s quarterly analysis of over 1,000 billionaire and hedge‑fund managers reveals the ten most‑owned stocks as of December 31 2025, with Apple (AAPL) ranking tenth. The consensus top‑five hedge‑fund picks generated an 886% total return from 2014‑2025, dwarfing the S&P 500’s 344%...
Investing is entering a new regime defined by AI acceleration, crossover convergence, and a widening gap between insight and execution. A conversation with @GavinSBaker of Atreides Management on rigorous debate, conviction, and how culture & risk management drive performance across...
The Alternative Investment Management Association (AIMA) has warned that the UK government’s proposal to restrict or ban non‑compete clauses could erode the country’s competitive edge as hedge funds vie for talent. AIMA’s chief executive Jack Inglis called the plan “radical,”...
Two Copenhagen brothers launched Othania a decade ago with a DKK 2.2 million seed fund, building the systematic TIGER model to toggle equity and bond exposure based on macro indicators. The model’s strong signals spurred rapid AUM growth, reaching roughly DKK...
Hedge funds rushed to gauge exposure and rebalance portfolios after U.S. and Israeli strikes on Iran sparked a sharp market sell‑off. Oil jumped more than 13% at the open, while risk‑sensitive Asian currencies fell and safe‑haven assets rallied. Managers focused...
Hedge funds significantly increased long positions in crude oil as tensions between Iran and Israel escalated, anticipating a potential supply shock. Data from the Commodity Futures Trading Commission shows a roughly 15% rise in net long exposure, equivalent to about...
1/ Brevan Howard's Minal Bathwal hasn't had a losing year since the start of his fund, 18 years ago. In a recent interview, he said that his style is influenced by psychologist Daniel Kahneman, including his book Thinking, Fast & Slow....
Ironshield Capital Management, led by founder David Nazar, has operated its flagship sub‑investment‑grade credit strategy since 2007, delivering equity‑like returns with markedly lower volatility than the Stoxx 600. The strategy generated a 1.48× multiple over the past two years and targets...
The Capital Flows Research team notes that geopolitical instability and AI safety concerns are increasingly overlapping, creating a compounded risk environment. The analyst introduced a new AI-driven mapping tool and released a suite of TradingView indicators to monitor these dynamics....
On the day we launched Prophet publicly in December 2024, it was already up 1,640% from the date the strategy was first implemented in Dec '08. Now it's up 1,982% -- or ~20% since Dec '24. But the best is...
This SONAR chart: Outbound Tender Rejection Index (blue) vs. Knight-Swift stock price (yellow). There is a reason that hedge funds buy SONAR and it is our fastest growing cohort. https://t.co/erT8QvKIr6
Pantera Capital Partners, a San Francisco‑based hedge fund, manages roughly $5.57 billion in discretionary assets for 16 clients. Its latest Q4 2025 13F filing disclosed $164.2 million in managed securities, with a striking 98.25% concentration in the top ten holdings. Figure Technology Solutions Inc....
Bullish Brent positions at nearly two-year high prior to attack on Iran Before the United States and Israel attacked Iran, hedge funds and other money managers amassed the largest bullish position in Brent crude futures and options for almost two years,...
Mishpacha Holdings Corp filed its first 13F for Q4 2025, reporting a $120 million market value built entirely from new purchases. The portfolio is heavily weighted toward technology, with Nvidia accounting for 33.6% and Alphabet’s two share classes together representing roughly 30%...
Financially IN Tune, a Stoneham‑based advisory firm, manages $265.35 million in discretionary assets for 164 clients. Its latest 13F filing shows $107.14 million in securities, with a 61.37% concentration in the top ten holdings, led by the Dimensional International Value ETF at...
Citi reaffirmed its Buy rating on Olema Pharmaceuticals, setting a $60 price target, while Stifel initiated coverage with a Buy rating and a $48 target, modeling peak 2035 sales of $3.1 billion for the lead asset palazestrant. The bullish outlook follows...
Morgan Stanley raised Coherent Corp.'s price target to $250, up from $200, while maintaining an Equal Weight rating. Bank of America also lifted its target to $250, shifting from $230 and keeping a Neutral stance. Analysts cite a looming shift...
In Hedge Fund Tips episode 332, veteran trader Tom Hayes dives into the recently released "Parts and Crafts" stock‑market sentiment report. He breaks down how the niche consumer‑discretionary segment has outperformed the broader market and highlights the shift in investor...
Jim Simons charged some of the highest hedge fund fees in history—5% flat + 44% of gains—and still delivered spectacular returns. Learn how elite investors tolerate high fees and what it teaches about investing, stock markets, and wealth building. Would you...
Dragonfly Capital Premium Top10 added 58.9bp on the week using 50% of capital. YTD +8.08% https://t.co/WLKiAGN5LF
Activist hedge fund Saba Capital, which owns about 22% of Impax Environmental Markets, is demanding that the £811 million trust cover all costs of an exit tender for shareholders wishing to leave. Impax chair Glen Suarez warned the board could launch...
Rubric Capital, a $3 billion hedge fund, warned that certain business development companies are temporarily shifting debt off their balance sheets at quarter‑end, making leverage appear lower than it truly is. The firm described the practice as “Enron‑like” accounting, using short‑term...
Global hedge funds are redirecting capital into Australian government bonds as AI‑driven equity valuations lose steam. Inflows to Australian bond funds topped AUD 4 billion in 2025, the strongest in four years, driven by the country’s 4.7% 10‑year yield—the highest among developed...
"If you look at the hard numbers, China is capital starved right now—it's the least crowded trade in the world." - Ed Grefenstette (EP.488) With thanks to @AlphaSenseInc, @MorningstarInc, and Ridgeline.
Point72 posted a 2025 return of roughly 17.5%‑18%, outpacing Citadel’s Wellington fund (≈10.2%) and Millennium (≈10.5%‑11%). The outperformance underscores how multi‑strategy platform models are flourishing in a post‑zero‑rate environment marked by high dispersion, AI‑driven equity rallies and policy‑driven volatility. Point72’s...
