Hedge Funds Take a Hit in March
South African hedge funds posted a median decline of 3.23% in March, their worst month since March 2020. The decline lagged the broader market, with the FTSE/JSE All‑Share Index down 10.45% and the All Bond Index falling 6.91%. Fixed‑income funds were the least affected, losing only 0.37% median, while market‑neutral and quantitative strategies limited losses to 0.74%. Multi‑strategy, long/short equity and fund‑of‑hedge‑funds all recorded their first negative months in over a year.
Hedge Funds Show Their Worth in Times of Turmoil
Hedge funds demonstrated resilience during the market turbulence that began in early 2026, delivering returns that outpaced traditional equity indices. Their flexible strategies, including long/short equity, macro, and event‑driven approaches, helped capture upside while limiting downside exposure. The article highlights...
Hedge Funds Seek an Edge by Using AI’s Speed
London‑based hedge fund Sand Grove Capital Management is leveraging generative AI tools such as Anthropic’s Claude, Microsoft Copilot and OpenAI’s ChatGPT to slash the time needed to parse lengthy M&A deal documents from minutes to seconds. A recent AIMA survey...
Legendary Investor Who Made an Estimated $100 Million on 1987 Crash Says Investors Could See 'Negative 10-Year Returns'
Paul Tudor Jones, who earned an estimated $100 million from the 1987 crash, warned that buying the S&P 500 at today’s valuations could generate negative 10‑year returns. He highlighted that U.S. market capitalization now stands at 252% of GDP, the highest ratio...
Microsoft Corporation (MSFT): Billionaire Tom Steyer Is Buying This Stock
Billionaire activist Tom Steyer's hedge fund increased its Microsoft stake to 2.2 million shares in Q4 2025, a 15% rise from the prior quarter. Microsoft reported Q3 2026 earnings highlighting a $37 billion AI revenue run‑rate, up 123% year‑over‑year, and over 20 million paid Copilot...
Boston Scientific Corporation (BSX): Billionaire Tom Steyer Is Loading Up on This Stock
Boston Scientific (BSX) has attracted renewed attention from billionaire investors, with Farallon Capital boosting its holding to 7.4 million shares—a 56% rise from the prior quarter. The company showcased two breakthrough devices at Heart Rhythm 2026: FARAPULSE PFA, which outperforms antiarrhythmic drugs for...
Villere St Denis Dumps 134,000 Tidewater (TDW) Shares Worth $9.3 Million
Villere St Denis J & Co LLC sold 134,355 Tidewater (TDW) shares for roughly $9.34 million, cutting its holding to 292,866 shares valued at $24.47 million, or 2.7% of its 13F assets. The sale represents a 31% reduction of the position, yet...
Masters in Business: Lawrence Calcano (Podcast)
Lawrence Calcano, chairman and CEO of iCapital, joins Bloomberg’s Masters in Business podcast to discuss how the firm has become a leading global platform for alternative investments. He outlines iCapital’s rapid growth, its technology‑driven approach, and its expanding client base...
Coatue Has a Plan to Buy up Land for Data Centers, Possibly for Anthropic
Coatue has launched Next Frontier, a venture to acquire land adjacent to large power sources for building AI‑focused data centers, a move that could directly support its stakes in Anthropic and other generative‑AI firms. The initiative already includes a joint...
Rokos Capital Moving Forward with UAE Expansion After Securing Abu Dhabi Licence
Rokos Capital Management, the $22 bn hedge fund founded by Chris Rokos, has received a full licence from the Abu Dhabi Global Market to open an office in the emirate’s Sky Tower. The London‑based firm will use the new base to...
Former Senior Bank Traders Exit Verition’s Credit Trading Team
The hedge‑fund landscape saw a flurry of activity this week. Verition’s credit trading team lost two former senior bank traders, while activist firm ADW floated a $3 billion takeover bid for Roark’s Driven Brands. Point72 reshuffled its leadership as it scales,...
Activist ADW Proposes $3bn Takeover of Roark’s Driven Brands
Activist investor ADW Capital has lodged an unsolicited cash offer to acquire Driven Brands Holdings for roughly $3 billion, proposing $18 per share—a 40% premium to recent trading levels. ADW, which owns about 3.7% of the company, aims to displace majority...
Steve Cohen Reorganises Point72 Leadership Structure as Firm Scales
Steve Cohen is reshaping Point72 Asset Management’s leadership by replacing the president role with an executive committee, while retaining his chairmanship and CEO duties. Co‑chief investment officer Harry Schwefel will become president, linking macro and quantitative teams. The new committee...
Tesla, Inc. $TSLA Shares Sold by Bogart Wealth LLC
Bogart Wealth LLC slashed its Tesla position by 61.4% in Q4, selling 1,812 shares and retaining 1,141 shares worth roughly $513,000. The fund’s divestment adds to a broader pattern of institutional rebalancing, with several other investors either adding modest stakes...
Wayfair Inc. (W): Bares Capital Trims Position
Wayfair (NYSE:W) remains a long‑term holding for Bares Capital, but the fund has been steadily reducing its position. After peaking at roughly 5 million shares in early 2022, the hedge fund trimmed the stake to 672,000 shares in the third quarter...
Saba-Led Shareholders Officially Oust EWI Board in 'Rude Awakening' For Trust Sector
Activist hedge fund Saba Capital won its proxy fight to overhaul the board of Edinburgh Worldwide Investment (EWI) trust. Shareholders voted to remove the incumbent directors and install three independent directors nominated by Saba. The ouster, dubbed a “rude awakening,”...
Bill Ackman: This Is a “Great” Time to Invest - Even at Market Highs
Bill Ackman announced the launch of Pershing Square USA, a new closed‑end fund that gives retail investors direct exposure to his concentrated, actively managed portfolio. The vehicle mirrors the core holdings of Pershing Square’s higher‑fee funds but at a lower...
Covenant Asset Management LLC Reduces Stock Position in Starbucks Corporation $SBUX
Covenant Asset Management LLC slashed its Starbucks position by 60% in Q4, selling 12,339 shares and leaving a holding of 8,243 shares worth roughly $694,000. Several other hedge funds quietly built modest stakes in the coffee chain during Q3, collectively...
Bill Ackman Goes Public, Finally (and Again)
Activist investor Bill Ackman finally took Pershing Square public with a dual IPO valued at $5 billion, split between PSUS (portfolio exposure) and PS (management business). The offering falls short of earlier ambitions of $10‑$25 billion but emphasizes retail participation and eliminates...
Ones to Watch 2026: The Year’s Most Exciting Hedge Fund Launches
2026 marks a surge of hedge‑fund launches, with five newcomers—AlphaBee Asset Management, The Maples Group, Omega Systems, Repool, and Caravel Capital Investments—positioning themselves to capture niche alpha sources. The wave reflects renewed limited‑partner appetite for AI‑driven, ESG‑centric, blockchain‑enabled, and emerging‑market...
Trump Nominates Key Square Hedge Fund Exec for Senior Treasury Role
President Donald Trump nominated G Hunter McMaster II, a former Key Square Group executive, as Assistant Treasury Secretary for Financial Markets. McMaster has been performing the duties of the post since July 2025 while serving as a counselor to the Secretary. The nomination...
Ackman’s Pershing Square IPO Raises $5bn for Permanent Capital Strategy
Bill Ackman’s Pershing Square completed a $5 bn combined IPO, creating a closed‑end fund (Pershing Square USA Ltd) and an asset‑management company (Pershing Square Inc). The raise includes a $2.8 bn private placement and satisfies the condition of reaching at least $5 bn...
Hedge Fund Short Covering Drives Demand in CATL’s $5bn Share Placement
Hedge funds dominated demand for CATL's $5 bn share placement, snapping up more than $3 bn of shares as they covered short positions. The Hong Kong‑listed H‑shares have traded at a widening premium to the Shenzhen‑listed stock, driving record short‑interest and borrowing costs...
Saba Capital to Expand Second-Hand Liquidity Platform for BDCs, Interval Funds
Activist hedge fund Saba Capital announced an expansion of its second‑hand liquidity platform to include both public and private Business Development Companies (BDCs) and interval funds. The firm will focus on securities trading at discounts of 30% or more to...
BridgeWise Taps X to Bring Social Media Sentiment Into Institutional Investing
BridgeWise announced a partnership with X to feed the platform’s social media stream into its AI‑driven investment suite. The API link converts X posts into real‑time sentiment scores using BridgeWise’s S‑Factor framework and Context Analytics technology. The new product, SentimentWise,...
Impact of Investor Sentiment and Geopolitical Events Hurt Booking Holdings (BKNG) in Q1
Booking Holdings reported a 17% rise in earnings per share and 16% revenue growth in Q1 2026, showing strong travel demand. Despite solid fundamentals, the stock fell as investors labeled it an “AI loser” and reacted to the Middle East...
Tariff Refunds: How Hedge Funds Are Structuring a New Short-Duration Credit Trade
Hedge funds have built a multi‑billion‑dollar secondary market buying U.S. tariff‑refund claims, offering businesses immediate cash in exchange for future reimbursements. After the Supreme Court ruled many Trump‑era tariffs illegal, claim prices jumped from roughly 20% to over 80% of...
Can Social-Media Fame Power an IPO? Bill Ackman Is About to Find Out
Bill Ackman, founder of Pershing Square Capital Management, is set to launch a dual initial public offering, listing both a new stock‑picking fund, Pershing Square USA, and his hedge‑fund management firm, Pershing Square. To entice investors, he will grant free...
Saba Capital Targets $1bn Fund to Acquire Distressed Private Credit Vehicles
Saba Capital Management is raising about $1 billion to launch a fund that will buy distressed, illiquid private credit vehicles such as BDCs and interval funds. The strategy targets assets trading at 30‑40% discounts to net asset value, mirroring past successes...
Redwood Targets $1bn for Long-Duration Illiquid Credit Strategy
Redwood Capital Management is launching a new fund to raise roughly $1 billion for long‑duration, illiquid credit investments. The strategy will deploy capital continuously, allowing the firm to stay invested through extended restructuring cycles rather than concentrating on brief market dislocations....
Ackman’s Pershing Square IPO Set to Raise $5bn
Bill Ackman's Pershing Square is preparing a New York Stock Exchange IPO that targets roughly $5 billion of new capital, potentially valuing the activist hedge fund at about $10 billion. The offering marks the largest hedge‑fund‑to‑public listing to date and follows a...
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...
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....
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...
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...
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...
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...
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...
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...
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%....
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...
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...