Crypto Hedge Funds Emerge as Lifeline for Stressed Digital Asset Treasury Companies
Crypto hedge funds are emerging as a lifeline for digital‑asset treasury companies (DATCOs) after a sharp crypto downturn erased much of the upside from their buy‑and‑hold model. DATCOs raised more than $15 bn in 2023, but equity values have slumped 60‑70% since October as bitcoin and ether fell over 50%. To survive, firms are shifting capital to active, yield‑focused strategies rather than waiting for a bull market. Early performance shows hedge funds delivering modest gains while spot markets remain negative.
Saba Boss Warns of Turmoil in Private Credit Following Blue Owl Strains
Boaz Weinstein, founder of Saba Capital, warned that the private credit market is entering a turbulent phase after Blue Owl Capital’s recent liquidity strain. Blue Owl has limited withdrawals and sold loans to satisfy redemptions, causing its shares to tumble...
Separate Ways II: The SMA Playbook for 2026
Separately managed accounts (SMAs) are now the dominant channel for institutional capital, driven by demand for customized exposure and fee transparency. A new report surveying 100 hedge fund managers and 50 allocators uncovers operational friction points, especially around data transparency...
Hedge Funds Retreat to Cash as Bitcoin Trading Turns Defensive
Crypto hedge funds are dramatically cutting exposure as Bitcoin steadies in a narrow mid‑$60,000 range, a full 50% drop from its October peak. The market’s steepest single‑day fall in four years triggered a wave of liquidations, prompting managers to prioritize...
Millennium Ups Allocation to FourSixThree in Private Credit Push
Millennium Management has increased its stake in credit specialist FourSixThree by $250 million, adding to a $1 billion investment made last year. The new capital will be deployed through a separate sleeve focused on less‑liquid credit opportunities rather than the manager’s traditional...
BlackRock to Merge Two Investment Trusts Following Saba Backing
BlackRock announced the merger of two of its UK investment trusts, a move supported by activist investor Saba Capital. The consolidation will combine assets worth over £X billion, aiming to enhance scale and reduce operating costs. By streamlining the trusts, BlackRock...
Lightkeeper Rolls Out AI-Powered ‘Beacon’ to Deliver Verifiable Portfolio Insights
Lightkeeper has introduced Beacon, an AI‑enabled feature that lets hedge funds and asset managers ask plain‑English questions about their portfolios. The tool pulls answers from Lightkeeper’s validated, institutional‑grade data rather than unverified sources, preserving transparency and auditability. Beacon connects client...
Hedge Funds Go Head-to-Head over Kem One Debt
Kem One, the French chemicals producer owned by Apollo Global Management, has seen its €450 million bond issue collapse to roughly 2 cents on the euro as energy costs rise and cheap Chinese supply floods the market. Distressed credit funds led by...
UCITS Strategies Regaining Traction with Europe’s Wealthy
European high‑net‑worth investors are gravitating back to alternative UCITS funds, a liquid hedge‑fund‑style vehicle, as assets under management rose 22% to $287 billion in 2025. The sector logged four consecutive quarters of inflows, the longest streak in four years, driven by...