The Hedgeweekender | The Saba saga continues, SPX Capital bounces back, Citadel’s billion dollar raise
This week in hedge funds
?? Steve Cohen’s Point72 plans to return between $3bn and $5bn to investors in early 2025 after achieving approximately 19% returns in 2024.?
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?? Janus Henderson’s CEO has urged investors to reject Saba Capital Management, L.P. ’s bid to target UK investment trusts, accusing the fund of “betting on [investors’] complacency.”?
?? A year after its first-ever annual loss, Brazilian hedge fund SPX Capital ’s Raptor Fund surged 22% after fees, outperforming 96% of its peers.?
??? Hedge fund execs have ranked inflation/deflation and geopolitical issues as the top two risks facing the industry from a list of ten – Beacon Platform finds.?
?? Opportunistic credit manager Chepstow Lane Capital LLP , one of the few hedge funds led by a female PM, has reported net returns of 13.24% in 2024.?
?? 辉瑞 has appealed a SEC decision to deny the company $75.2m from a decade-old insider trading settlement involving SAC Capital .
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The week in numbers
?? 14% – The gain Point72 has achieved with its newly launched AI-fund, reaching nearly $1.5bn in assets within just three months.
?? $1bn – The amount Citadel has raised through the sale of high-grade bonds to fund a payout to its owners.?
??? 2 – The number of Hong Kong-based firms that have recently joined the growing list of hedge funds making the move to Dubai.?
?? 82.97% – The 2024 returns posted by Mulvaney Capital Management Limited , significantly improving from its 51.22% performance in 2023.?
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