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.
Jain Global Returning Investor Cash as It Pivots to Millennium Deal
Jain Global, a multi‑strategy hedge fund, announced it will return capital to its investors as it shifts its strategic focus toward a partnership with Millennium Management. The move follows a period of underperformance and liquidity constraints that prompted the firm to unwind certain positions. Jain Global plans to distribute the returned cash over the next few months while negotiating a joint‑venture or co‑investment framework with Millennium. The pivot aims to leverage Millennium’s scale and risk‑management expertise to rebuild performance.
Tiger Alum Beats Tech Hype with Classic Industries
This Tiger Management alumnus never chased technology stocks. He made his name in airlines, timber, oil — and old economy bets most managers ignored.
System
CTAs are done. They flipped from max short to max long and exhausted their flow. Vol-control funds are just starting - and they manage 3x the capital. The real systematic bid is only beginning. BUTT - we need realized vol to...
Currency Futures Speculators Trim USD Longs and GBP Shorts as Risk Appetite Shifts
Large non‑commercial traders reduced net long positions in U.S. dollar index futures by 187 contracts to 4,983, while cutting net short positions in pound futures by 2,685 contracts to 52,039, according to the latest CFTC Commitment of Traders data. The...
Redemption Pressure Falls to 1.26% as Institutional Allocators Re‑Commit to Hedge‑Fund Platforms
The SS&C Redemption Indicator slipped to 1.26%, its lowest level in months, indicating that large investors are pulling back on redemption requests and reaffirming their commitment to major hedge‑fund platforms. The shift suggests a stabilising capital flow environment after a...
Vol‑control Funds Auto‑buy as Volatility Falls, Fueling Rally
Update on mechanical buying: Also reminder: Vol-control funds, as long as realized vol continues to drop, can continue to auto buy & fuel this rally. Even if Iran War escalates, or a MAG5 name reporting this week disappoints, etc. That’s why I track...
Hedge Fund Launches Hit Four-Year High as Assets Reach Record $5.16 Trillion
HFR data released today shows hedge fund launches climbing to their highest level since 2021 while total industry assets hit a record $5.16 trillion. The twin milestones suggest a resurgence of entrepreneurial activity and strong institutional demand amid volatile markets.
Always Summer Targets All-Season Returns in Credit
Always Summer Asset Management, co‑founded by former Atlant Fonder partner Taner Pikdöken, has launched its inaugural fund, Always Opportunities, an absolute‑return credit strategy focused on the Nordic corporate bond market. The fund will hold 50‑70 diversified bond positions and employ derivatives...
Elevated Financial Group Boosts Costco Stake by $1.15 Million Amid Strong Q4 Performance
Elevated Financial Group LLC purchased 1,335 shares of Costco Wholesale Corporation valued at roughly $1.15 million in the fourth quarter, according to an SEC filing. The move joins a wave of recent institutional adjustments, including sizable increases by Hurley Capital and...
Wall Street Boosts Institutional Crypto Exposure, Sets Stage for 2026 Bull Market
Wall Street firms are deepening exposure to digital assets as BlackRock’s iShares Bitcoin Trust ETF recorded a $214 million inflow in a recent session and total Bitcoin ETF assets exceeded $96 billion. The surge in institutional buying, coupled with Goldman Sachs’ $150‑$200k...
Alternative Index Strategies Outpace S&P 500, MarketWatch Reports
MarketWatch reported that alternative index strategies have outperformed the S&P 500 following the market’s recent highs. The trend highlights growing investor interest in systematic, rules‑based approaches that could reshape hedge‑fund allocations.
EQT Closes $15.6 B Asia Buyout Fund, Region’s Largest Private‑Equity Raise
Sweden‑based EQT AB completed fundraising for its Asia‑focused buyout vehicle, BPEA Private Equity Fund IX, securing $15.6 bn from more than 75 new investors. The fund, the largest private‑equity raise ever in Asia, will target control deals in technology, healthcare and...
Bill Ackman’s Pershing Square Puts $5.7 B on Three AI Giants
Bill Ackman’s Pershing Square Capital Management has earmarked about $5.7 billion—38% of its $15 billion equity portfolio—for three artificial‑intelligence leaders: Alphabet, Amazon and Meta. The concentrated bet underscores Ackman’s long‑term, value‑focused approach and could sway sentiment across AI‑heavy equities.
Eminence Capital Winds Down $7 B Hedge Fund, Returns 75% of NAV to Investors
Eminence Capital, the New York‑based hedge fund founded by Ricky Sandler, announced it will cease operations and return at least 75% of each fund’s net asset value to investors by mid‑to‑late June. The $7 billion firm cited persistent performance shortfalls and...
CIBRA Capital Places $21 Million Merger‑Arbitrage Bet on Amicus Therapeutics Ahead of BioMarin Deal
CIBRA Capital Ltd disclosed a $21.17 million purchase of 1,476,861 Amicus Therapeutics shares, raising its stake to 11.78% of the fund’s assets. The trade is a classic merger‑arbitrage play on BioMarin Pharmaceutical’s pending $14.50‑per‑share cash offer for Amicus. Analysts see the...
Iridian Asset Management Sells $5.5 M of DigitalBridge Shares, Hinting at Portfolio Shift
Iridian Asset Management sold 360,253 DigitalBridge Group shares for an estimated $5.54 million, trimming its digital‑infrastructure exposure to 0.25% of its reportable assets. The move comes as SoftBank prepares to acquire DigitalBridge at $16 per share, prompting the hedge fund to...
Small Caps Remain Only Safe Haven for Fundamentalists
Ricky Sandler on closing his fund 👇 I guess small caps are the only safe haven for fundamentalists. Or so we hope... https://t.co/MOkIZVNNQs
Short Interest in Fidelity High Dividend ETF Plummets 84.8% in April
Short interest in Fidelity High Dividend ETF (FDVV) fell 84.8% in April, the sharpest decline in months. At the same time, hedge funds and banks such as LPL Financial and Morgan Stanley increased their stakes, suggesting growing investor confidence in...
AI Hedge Funds Offer Trend Factor, Not True Edge
The bull case for AI hedge funds is they will tap into a trending factor that works, that shows some outperformance relative to the index That’s the easier game to play as well. “Pure factor constrained alpha shop” across many...
David Choi’s Hedge Fund Under Scrutiny After $600 Million Loss Linked to Mars FX Collapse
David Choi’s hedge fund, once praised for outsized returns, is now under intense market and regulatory scrutiny after the bankruptcy of its primary counterparty, Mars FX, left almost $600 million unaccounted for. The episode highlights the risks of concentrated exposure and...
Sumitomo Mitsui Trust Bank Ties Up with U.S. Hedge Fund Hunter Point Capital to Expand Alternatives
Sumitomo Mitsui Trust Bank has sealed a capital partnership with U.S. hedge fund Hunter Point Capital, aiming to deepen its alternative‑investment platform in real estate and private equity. The move targets Japanese institutional and retail investors seeking higher yields as...
TFC Financial Puts $20 Million Into Vanguard Russell 2000 Growth ETF, Sparking Buy Talk
TFC Financial Management announced a $20.01 million purchase of 82,375 shares of Vanguard’s Russell 2000 Growth ETF (VTWG), representing 0.18% of the fund and 2.32% of TFC’s reportable assets. The stake lifts VTWG into the adviser’s top‑ten holdings, underscoring confidence in...
Prism Advisors Takes $15.4 M Stake in Eaton Vance Short‑Duration Income ETF
Prism Advisors, Inc. initiated a $15.37 million position in the Eaton Vance Short‑Duration Income ETF (EVSD), buying 298,979 shares that now represent 4.1% of its reportable assets. The move highlights a growing appetite for short‑duration, high‑yield bond exposure as investors navigate...
Nakamoto Unveils Actively Managed Bitcoin Derivatives Program to Capture Volatility Income
Nakamoto announced an actively managed Bitcoin derivatives program that will employ covered calls, spreads and protective puts to earn volatility income and protect against downside moves. The firm says the strategy will be offered through separately managed accounts with third‑party...
Grey Owl Capital Management Posts 1.7% Q1 Gain as Markets Falter
Grey Owl Capital Management released its Q1 2026 client letter, showing the All-Season Strategy posted a 1.7% return despite a 4.4% drop in U.S. equities and a 13% plunge in the Nasdaq‑100. The letter details how commodities rallied 39.9% and...
Lumenai Launches First Fully Agentic AI Hedge Fund, Targeting June 2026
Lumenai Investments LLC said it will roll out the Lumenai Innovation Fund, a global long‑short equity hedge fund powered by autonomous AI agents, with operations expected around June 1, 2026. The fund, built with ETS Asset Management Factory, inverts traditional...
AllianceBernstein Winds Down Systematic Hedge Fund AB Arya, Shifts $6 Bn Platform
AllianceBernstein announced the closure of AB Arya, its flagship systematic multi‑manager hedge fund within a $6 bn alternatives platform. The wind‑down will free up capital for other strategies, and 95% of liquidation proceeds are expected to be distributed to clients by June.
Eminence Capital to Wind Down After 27 Years, Returning at Least 75% of NAV to Investors
Founder Ricky Sandler is closing Eminence Capital, the New York‑based long/short equity hedge fund that managed roughly $5.9 billion, and will return at least 75% of each fund’s net asset value to investors by mid‑June. The decision follows disappointing returns, rising...
Hedge Fund Tips with Tom Hayes – Podcast – Episode 340
In episode 340 of "Hedge Fund Tips with Tom Hayes," the host reviews the recent "Past the Turbulence" stock‑market report, focusing on how market sentiment has shifted after the latest volatility spikes. Hayes breaks down the report’s key metrics, including...
Virginia Retirement System Commits $1.2 Billion to Private Equity, Real Assets and Hedge Funds
The Virginia Retirement System (VRS) announced a $1.2 billion allocation across private‑equity, real‑asset and hedge‑fund mandates. The move adds to VRS’s existing $20 billion private‑equity and $17 billion real‑asset holdings, reflecting growing appetite for alternative real‑estate exposure among large public pensions.
Olstein Capital Boosts Korn Ferry Stake by $2.8M, Echoing Activist Private‑Equity Tactics
Olstein Capital Management increased its Korn Ferry holding by 43,050 shares, an estimated $2.78 million transaction that lifts the position to 120,000 shares valued at $7.55 million, or 1.65% of its assets. The move, coupled with a recent $5.2 million sale of Kulicke...
The Fast and the Dubious
The episode examines three intertwined bond market trends: the rapid withdrawal of hedge funds from supranational and agency (SSA) bond order books, the resulting shift toward central bank and official institution investors, and the impact on issuers' funding costs; the...
StockTA's Steuer: Market's Rally Has It Due for a Pause, Awaiting Clarity
The episode explores why the recent market rally may be pausing, with Kevin Stewart of StockTA citing heightened geopolitical risks, oil price volatility, and inflation concerns that have pushed him out of equities more than any time since COVID. Guests...
Michael Burry Adds a New Microsoft Bet, Doubles Down on Software
Investor Michael Burry disclosed a new long position in Microsoft, adding to his recent builds in MSCI, PayPal and Adobe. He argues that deep price declines—Microsoft down 25%, PayPal 37% and Adobe 54%—have created oversold opportunities in software and fintech....
Ken Griffin Threatens to Pull $6 B NYC Development After Mayor’s Anti‑penthouse Tax
Citadel founder Ken Griffin signaled he could halt a $6 billion, 350 Park Avenue redevelopment after Mayor Zohran Mamdani’s viral video announced a new pied‑à‑terre tax on luxury second homes. The standoff pits a hedge‑fund giant’s capital‑intensive project against a city‑wide effort to...
Voya Faces TOMS Capital Pressure to Explore Break-Up or Sale
Voya Financial, a $1 trillion pension and insurance platform, is under pressure from activist hedge fund Toms Capital to explore a sale or breakup. The activist’s focus is on Voya’s health‑insurance stop‑loss unit, which posted an operating loss of roughly $10 million...
Kirkoswald Introduces Extended Lock-Up Share Class
Kirkoswald Capital has launched a new share class featuring an extended lock-up period of 24 months, up from the standard 12-month term. The class requires a minimum investment of $1 million and offers a 0.5‑percentage‑point reduction in management fees. By tightening...
Elementa to Move Onto ISEC Platform
Long/short equity hedge fund Elementa will transition its fund management function to ISEC Services’ platform on June 1. The move outsources administrative, regulatory and operational duties while leaving Marcus Wahlberg as portfolio manager and preserving the existing investment strategy, risk profile...
Exclusive: Inside Galaxy’s $100m Push Into Digital Assets and AI-Driven Equities
Galaxy Digital announced a new $100 million hedge fund led by Joe Armao that blends long‑short equity, late‑stage private investments, digital assets and capital‑structure plays. The fund leverages the firm’s $17 billion asset base and targets AI‑driven disruption, tokenisation and short opportunities...
Citadel and Point72 Rebound From Volatility “Catch-Out”
Citadel and Point72 experienced a sharp drawdown in late March when a sudden spike in market volatility hit their short‑volatility and carry trades. Leveraging their multi‑manager platform architecture, both firms quickly de‑risked, added hedges, and rotated capital into macro, relative‑value...
Man Group AUM Flat as $6.1B Redemption Weighs on Growth:
Man Group posted flat assets under management in Q1 2026, but the headline concealed a $6.1 billion net outflow. Positive performance in its systematic and multi‑strategy units offset the redemptions, leaving total AUM unchanged. The result signals that even the world’s largest...
Schonfeld Sues Millennium PM in $11M “Gazumping” Feud:
Schonfeld Strategic Advisors has sued Millennium Management, alleging a breach of a signed employment contract that cost the firm $11 million after a portfolio manager quit to accept a more lucrative offer. The dispute, described as “gazumping,” underscores the escalating talent...
Investors Flood Lucid Group with Call Options as Stock Hovers Near $7
Traders bought an unusually high volume of Lucid Group call options on Thursday, sending the stock to $6.91 and reviving speculation of a short‑term upside. The activity coincides with a flurry of hedge‑fund stake adjustments and mixed analyst ratings, underscoring...
Saba Capital Targets Edinburgh Worldwide Trust to Capture £165 M SpaceX Stake
New York‑based hedge fund Saba Capital, led by activist financier Boaz Weinstein, is pressing to replace the board of Edinburgh Worldwide Investment Trust (EWIT) at its April 30 AGM. The move would give Saba control of EWIT’s roughly £165 million stake...
Andurand Capital's Levered Oil Bet Crashes 52% in Early April
Pierre Andurand’s flagship commodity fund lost roughly 52% in the first two weeks of April after a 5x leveraged long oil position turned sour. The drawdown erased a 31% March gain and left the fund down about 37% for the...
Activist Hedge Fund TCIM Pushes Voya Toward Sale
Activist hedge fund Toms Capital Investment Management (TCIM) has built a stake in Voya Financial and is urging the asset manager to either sell its entire pension and insurance business or divest the health‑insurer arm. Voya reported a $10 million operating...
Tom Hayes – Bloomberg TV Appearance – 4/23/2026
Tom Hayes, chairman of private‑equity firm Great Hill Capital, appeared on Bloomberg TV on April 23, 2026 to unveil a new $2.5 billion growth fund focused on artificial‑intelligence and climate‑tech companies. He highlighted the fund’s target 12% internal rate of return...
Olstein Capital Boosts Korn Ferry Stake, Betting on Hiring Recovery
Olstein Capital Management increased its holding in talent‑advisory firm Korn Ferry by 43,050 shares, an estimated $2.78 million transaction. The move, disclosed in an April 21 SEC filing, is being read as a bet that corporate hiring will rebound, lifting demand for Korn...
FengHe Employs Unconventional Model to Outperform Markets
FengHe Fund Management, co‑founded by Matt Hu, has surged to nearly $9 bn in assets by March, more than doubling in the past 15 months, and is targeting $20 bn within two years. The Singapore‑based long‑short equity hedge fund uses a highly...
Andurand's 52% April Loss Highlights Ceasefire Risk
*ANDURAND LOST 52% IN APRIL FIRST HALF AS CEASEFIRE HURT OIL BET Are people paying 20% performance for Pierre Andurand to be max levered long oil always? It seems like it