Today's Hedge Funds Pulse
Paul Tudor Jones places $8 bn volatility bet on U.S. small‑cap stocks
Hedge fund legend Paul Tudor Jones has filed an options position worth $8 billion linked to the iShares Russell 2000 ETF. The structure combines roughly $5.1 billion of puts and $3 billion of calls, creating a volatility‑focused straddle that signals expectations of large price swings in small‑cap equities rather than a directional bet.
Farallon CIO Urges Hedge Funds to Treat Theses as Testable Hypotheses
Farallon Capital Management’s chief investment officer, Andrew Giauque, warned investors that an investment thesis must be provably wrong before capital is deployed. Overseeing $44 bn in assets, he urged a probabilistic, hypothesis‑testing mindset that has guided the firm through merger arbitrage deals and its bullish AI outlook.
Hedge Funds Post First Quarterly Loss Since 2022 as Q1 Volatility Hits Returns
Global hedge funds recorded a weighted‑average loss of 1.4% in Q1 2026, ending a 13‑quarter streak of positive returns across roughly $1.3 trillion of assets administered by Citco. Event‑driven, multi‑strategy and equity‑focused strategies posted the steepest declines, while global macro, commodities...
Calamos Hedged Equity Fund Q1 2026 Commentary
Calamos Hedged Equity Fund (CIHEX) aims to capture 60‑65% of market upside while limiting downside to 35‑40% over its life. In Q1 2026 the S&P 500 fell 4.33% and CIHEX lost 2.14%, buffering less than 47% of the market decline. The fund...
Citadel Revamps Investor Recruiting Team with Senior Hires Amid Talent War
Citadel announced a sweeping overhaul of its investor recruiting unit, promoting internal talent and adding senior hires such as Sapna Vir and Freya Maynard. The changes come after a wave of departures, including chief people officer Sjoerd Gehring, and reflect...
Quant Veteran Cautions Against Full AI Control in Hedge Fund Trading
Martin Lueck, co‑founder of Aspect Capital, warned that giving hedge‑fund trading decisions entirely to AI threatens transparency and risk management. He insists on clear, testable hypotheses behind each position and refuses to allocate capital to opaque models. While AI and...
Man Group AUM Flat in Q1 as $6.1bn Client Redemption Weighs on Growth
Man Group reported flat assets under management in Q1 after a $6.1 billion client redemption, underscoring pressure on traditional hedge‑fund models. Meanwhile, digital‑assets funds attracted a net $1.4 billion of new capital, and commodity traders logged windfall gains as Iran‑related market turmoil...
Digital Asset Funds See $1.4 Billion in Inflows as Institutional Momentum Builds:
Digital asset funds recorded a net $1.4 billion of inflows in a single week, marking the third straight week of positive net capital and the strongest surge since January. The bulk of the money flowed into Bitcoin‑focused products, but notable allocations...
Hedge Fund Redemptions Hit All-Time Low as Investor “Stickiness” Redefines Capital Stability:
Hedge fund redemptions dropped to a historic 1.26% in April 2026, the lowest level ever recorded according to SS&C GlobeOp’s Forward Redemption Indicator. The decline reflects a surge in investor “stickiness,” as institutional capital remains committed despite geopolitical tension and...
Systematic Funds Drive Record $86 Billion Equity Buying Spree as Algorithms Reassert Market Dominance
Systematic and trend‑following funds poured an estimated $86 billion into global equities over the past week, creating one of the largest short‑term buying waves on record. The surge was driven by technical breakouts, falling volatility and easing geopolitical tensions, which triggered...
Institutional Investors Add to Cisco Stake as Earnings Beat Expectations
Institutional investors such as Marquette Asset Management, Lowe Wealth Advisors, and Cedar Mountain Advisors expanded their Cisco positions in the third and fourth quarters, while insiders sold $3.57 million of stock. The activity coincides with Cisco's recent earnings beat and a...
HarbourVest Closes 13th Flagship Fund with $2.4 Bn Commitments
HarbourVest Partners announced the final close of its 13th U.S. flagship primary fund, securing roughly $2.4 bn in commitments from institutional and private‑wealth investors worldwide. The fund, which blends primary buyout and venture allocations with secondary and co‑investment layers, underscores continued...
Antarctica Platform Lowers Hedge Fund Minimums to $100K, Expanding Access
Filip Vandenven's Antarctica platform now lets investors allocate as little as $100,000 to curated hedge funds, a stark drop from the typical $1‑10 million minimums. The model blends research‑driven selection with fund‑of‑funds, bespoke mandates and a digital storefront, targeting a market...
Tiger Cubs End Q1 with Sharp Losses as March Volatility Hits Network Hard
The Tiger Cub hedge fund network posted a painful first quarter, with flagship firms like Tiger Global losing 10.5% and the average fund down 3.5% in March. Growth‑focused strategies and heightened US‑Iran tensions drove the slump, leaving both legacy and...
Evergreen Capital Management LLC Acquires 6,728 Shares of GE Aerospace $GE
Evergreen Capital Management LLC boosted its stake in GE Aerospace by 6,728 shares, bringing its holding to 15,965 shares worth roughly $4.9 million. The purchase follows a wave of institutional activity, with firms such as Diversified Trust, Cadinha & Co., and...
Apella Capital LLC Boosts Stake in Microsoft Corporation $MSFT
Apella Capital LLC increased its Microsoft holding by 22.6%, now owning 102,628 shares worth about $49.6 million, representing roughly 1% of its portfolio. The move follows similar position upgrades by several hedge funds, pushing institutional ownership of MSFT to over 71%....
Saba Capital Launches $210 Million Bid to Seize Edinburgh Worldwide, a Major SpaceX Shareholder
Activist hedge fund Saba Capital has put forward a £165 million (about $210 million) offer to take control of Edinburgh Worldwide Investment Trust, which holds a £165 million stake in SpaceX. The bid pits Saba’s board‑room coup against a coalition of small investors...
Netflix, Inc. $NFLX Shares Purchased by CPC Advisors LLC
CPC Advisors LLC surged its Netflix holding by 794.8% in Q4, adding 54,586 shares to own 61,454 shares worth roughly $5.76 million. Several other hedge funds—including Universal Beteiligungs, Migdal Insurance and Oversea Chinese Banking Corp—also dramatically increased their stakes, pushing total...
Exclusive: Fulcrum’s Asset Diversification From a Large Macro Fund to a Multi-Investment Platform.
After 21 years as CIO, Suhail Shaikh has steered Fulcrum Asset Management from a single‑strategy macro fund to a multi‑investment platform that spans commodities, market‑neutral equities, dispersion, quant and illiquid assets. The shift reflects a belief that relying on a...
Jain Global Expands London Quant Team
Jain Global announced a significant expansion of its London quantitative team, hiring five senior researchers, including a former Balyasny analyst to spearhead a new commodities quant desk. The London office now hosts 12 quant specialists, boosting its capacity to develop...
Blue Owl Founders Speak Out to Defuse Margin Risk Concerns:
Blue Owl founders Doug Ostrover and Marc Lipschultz have restructured their personal loans, removing Blue Owl shares as collateral. The move eliminates margin‑linked risk that could have forced forced sales if the stock fell. By decoupling their financing from the...
Upslope Capital Q1 2026 Investor Letter
Upslope Capital delivered an 8.6% net return in Q1 2026, outpacing the S&P Midcap 400 ETF’s 2.5% gain and the HFRX Equity Hedge Index’s 1.5% decline. The firm increased its average net long exposure to 33% while adding three “defensive‑plus” positions—Kesko, Stella‑Jones...
Scottish Mortgage Manager Baillie Gifford Eyes £3bn Return on Historic Space X Bet
Baillie Gifford, the Edinburgh‑based manager of the Scottish Mortgage Investment Trust, stands to realise roughly £3 bn (about $3.9 bn) from its early bet on SpaceX when the rocket company goes public later this year. The firm’s four flagship trusts could collectively...
'Instrumental' Jump Trading Quant Researcher Is Getting Launch Capital From Millennium
Yiming Zhang, a senior quant researcher who spent 17 years at Jump Trading, resigned last week and is set to receive launch capital from hedge fund Millennium Management as an external manager once his non‑compete expires. Jump’s strict non‑compete clauses...
Versor Investments Secures Multi‑Manager Partner, Allocates Half of $1 Billion AI Event‑Driven Fund
Versor Investments announced a strategic partnership with a leading global multi‑manager platform to expand its AI‑based event‑driven hedge fund. The deal places roughly $500 million—half of the strategy’s $1 billion capacity—under management, with the remainder slated for allocation by year‑end. The move...
UBP CIO Says Hedge Funds Regain Favor but Allocation Remains Tight
Kier Boley, co‑head and CIO of Alternative Investment Solutions at UBP, told Hedgeweek that hedge funds are enjoying a resurgence as volatility spikes, but institutional investors are applying stricter allocation frameworks, keeping new capital limited. He highlighted fixed‑income relative‑value and...
Druckenmiller
Stanley Druckenmiller, famed for running Duquesne Capital and Soros’ Quantum Fund, posted no losing years between 1981 and 2010, delivering an average 30% annual return. His interview with Morgan Stanley highlighted a disciplined focus on high‑conviction, concentrated bets, rapid decision‑making,...
Ex-Lone Pine Partner Launches $1 Billion CenterBook Fund to Aid Pod‑Model Managers
David Stemerman, former Lone Pine partner, has raised more than $1 billion for CenterBook Partners, a hedge‑fund platform designed to support fundamental managers sidelined by the industry’s pod model. The fund seeks to isolate pure stock‑picking alpha and offer a capital...
AI Enables Tiny Teams to Match Hedge Fund Alpha
These tools will be interesting to watch With AI, fundamental can get a quant back office and, with some of these tools, quant can get a fundamental front end. If you walk the halls of a large hedge fund today, you will...
Meridian Small Cap Growth Fund’s Q1 2026 Investor Letter
Meridian Funds’ ArrowMark‑managed Small Cap Growth Fund posted a -8.37% return in Q1 2026, trailing the Russell 2000 Growth Index’s -2.82% decline. The fund’s underperformance stemmed mainly from industry‑allocation choices, although stock selection added modest upside. The quarter was marked by heightened...
Our Revolution Endorses Hedge‑Fund Billionaire Tom Steyer in California Governor Race
Our Revolution, the progressive organization founded by Bernie Sanders, announced Monday that it will back hedge‑fund billionaire Tom Steyer for California governor. The endorsement comes as the race narrows and Republicans lead in early polls, highlighting a rare alliance between...
Auour Investments Takes $7.4 Million Stake in Invesco Variable‑Rate ETF
Auour Investments LLC filed an SEC 13F on April 20, 2026 showing a new $7.4 million holding in Invesco’s Variable Rate Investment Grade ETF (VRIG). The purchase of 293,991 shares represents 2.3% of Auour’s $318 million reportable assets, signaling a strategic tilt...
Hedge Funds Triple ETF Use to $300B, Now Frenemies
Hedge funds have tripled their usage of ETFs in the past 3yrs to $300b or 9% of reported 13F assets. They use them for a variety of purposes (incl shorts) but also compete w them = frenemies. Nice look at...
Tiger Cub Hedge Funds Post Q1 Losses as March Market Pain Hits Network
The Tiger Cub network of hedge funds posted a rough first quarter, with legacy firms like Coatue and Tiger Global down 3.5% and 10.5% respectively, and newer outfits such as Avantyr and Avala Global also posting losses. March’s market volatility,...
Bill Ackman Is Dangling the Chance of a Quick Buck
Billionaire investor Bill Ackman is launching Pershing Square USA, a New York‑listed vehicle, to raise between $5 billion and $10 billion through an IPO. The fund will focus on large, high‑quality North American companies while also making occasional macroeconomic bets via credit...
Druckenmiller Vows No China Investments Under Current Leader
Stanley Druckenmiller on investing in China: "We exited China in 2018. We haven’t made a single trade in security there other than their currency once in a while. I will never invest in China as long as the current leader...
CTAs Flood S&P with $8B Daily, $50B by Month‑End
Price-agnostic CTAs are now strong buyers of the S&P 500 and pump $8 bln /day into the market. Until the end of the month, the total increase in S&P exposure could reach $50 bln. There is currently no scenario, where...
Quant Demand Outstrips Supply: Institutional Allocators Chase Scarce Capacity in Top-Tier Systematic Funds:
Goldman Sachs’ latest survey shows quantitative hedge funds have become the most sought‑after strategy among institutional investors. However, capacity at elite systematic managers such as Renaissance, D.E. Shaw, Two Sigma and Citadel is tightening, creating a supply‑demand gap. The scarcity is...
Corn Futures Slip 1‑2¢ as Traders Trim Net Longs, Export Commitments Rise 29%
Corn futures opened lower by 1‑2¢ on Monday, while managed money cut 59,149 contracts from its net long position, leaving a net long of 159,483 contracts. Export commitments rose 29% year‑over‑year to 72.79 MMT, pushing traders to reassess hedges.
Bill Ackman Targets $10 Billion Equity Raise for Summer Deployment
Bill Ackman is launching a $10 billion closed‑end fund IPO this summer to deploy capital into high‑value U.S. equities. The hedge‑fund manager argues the market offers “some of the best businesses at their lowest valuations,” while investment banks line up to...
Balyasny Asset Management Hires Glencore LPG Chief Ross Hendey to Boost Commodities Push
Balyasny Asset Management announced the hiring of Ross Hendey, formerly Glencore's head of liquefied petroleum gas trading, to head an independent LPG and refined products team. The move signals the fund's aggressive expansion into commodity markets as geopolitical tensions drive...
Pareto Pure Alpha Portfolios — April 2026 #2
Pareto Investor released its April 2026 performance update, showing all four Pure Alpha portfolios delivering positive returns despite heightened geopolitical tension and an oil price above $90 per barrel. The Momentum strategy posted a standout 21% year‑to‑date gain and a...
Hamilton Lane Promotes Over 25 Leaders, Boosting Hedge‑Fund‑Adjacency Capabilities
Hamilton Lane announced more than 25 senior promotions and new appointments effective April 1, 2026, including a new Managing Director for U.S. evergreen sales and a London‑based Direct Credit head. The moves aim to deepen the firm’s private‑markets platform and support its...
Strait Of Hormuz Will Cause "Ripple Effects" For The Whole World
The Iran‑Israel war that began on Feb. 28 has slashed ship traffic through the Strait of Hormuz from roughly 130 vessels a day to fewer than five, choking a chokepoint that moves 20‑30% of global oil, helium, and fertilizer inputs. Asian...
Dan Loeb Dumps CSGP, Citing Reckless CEO Spending
Dan Loeb sells out of $CSGP "CEO Andy Florance has continued what can only be seen as a reckless drain on a majority of the company's operating income into Homes,com and related acquisitions even as the share price has continued to...
Capula Wins Back Trader Tarun Tyagi, Leaving Millennium ‘Gazumped’
Senior currency trader Tarun Tyagi quit his pending role at Millennium Management and rejoined Capula Investment Management, with the firm covering his gardening‑leave costs. The move underscores a new “gazumping” poaching play that is inflating pay and reshaping talent competition in...
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: 🧵
Short Seller Targets AQR Backer over Tax-Loss Harvesting
Orso Partners has taken a short position against Affiliated Managers Group (AMG) after identifying more than $1 trillion invested in tax‑aware long‑short strategies managed by AQR Capital. AQR’s tax‑optimizing products have surged tenfold since 2024, now holding about $57 billion, and are...
Ex‑Trader Turns $20M Bonus Into Top Hedge Fund
Who left a $20M oil trading bonus behind to launch one of the top-performing energy and commodities hedge funds in the world?
JOJO Fund Survives Tough Market, Signal Still Works
I've spent years building $JOJO through a market that punished every bond strategy on the planet. The fund is still here. The signal still works. I'm asking you to look at it. @leadlagreport https://t.co/Yf5AlkpIwg
Asian Hedge Funds Suffer 10% March Loss as Iran-Israel Conflict Escalates
Trivest Advisors' TAL China Focus Fund posted a 10.2% loss in March, its steepest decline ever, as the Iran‑Israel war rattled Asian markets. The fund, managing $5.4 billion, joins a wave of regional hedge funds that saw double‑digit drops, underscoring heightened...