The Hedgeweekender | Trump trades triumph, Dymon does Dubai, Doctors in demand
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This week in hedge funds
?? Strong returns at hedge funds including Balyasny Asset Management L.P. and Schonfeld on the back of the stock and currency market surge following Donald Trump’s re-election have put the hedge fund industry on track for its best performance in four years. Read more.??
?? 微策略 has become one of Wall Street’s hottest trades, with hedge funds like Calamos Advisors backing the company’s bitcoin proxy status to secure billions in convertible bonds. Read more.?
?? Strategic positions in cocoa and copper helped Pierre Andurand’s Commodities Discretionary Enhanced Fund stage a dramatic comeback in November, surging 23% and reversing losses accumulated earlier in the year. Read more.??
?? Hedge funds including Balyasny Asset Management L.P. and DE Shaw are recruiting doctors, scientists, and healthcare analysts to gain insights into the volatile pharmaceutical sector. Read more.??
?? Singapore's Dymon Asia Capital has opened a new office in Dubai, joining a growing list of hedge funds attracted by the emirate’s business-friendly tax regime and time zone. Read more.??
?? Speculating that the Bank of Japan will raise interest rates amid perceived European political uncertainty, hedge funds are targeting the euro for short trades against the yen. Read more.?
This week in hedge funds
?? $4.5tn – The all-time high hedge fund assets reached in October, driven by strong performance across strategies and a 7.4% YTD return in the HFRI Fund Weighted Composite Index. Read more.?
?? 51% – The year-to-date return experienced by tech-focused hedge fund Whale Rock Capital Management LLC , prompting it to reopen its flagship fund in 2025. Read more.?
?? $3.3bn – The amount Millennium has allocated to two new trading teams as part of a push to expand its internal and external talent portfolio. Read more.?
?? 77 – The headcount cap Diego Megia‘s Taula Capital has reached, following its April 2024 launch with $5bn in assets and a $6bn target by March 2025. Read more.?
Latest Hedgeweek research
Family offices of the future: An update on the opportunity and operational landscape in 2025 – This data-driven Hedgeweek report, sponsored by SS&C Technologies, provides updates on the opportunity and operational landscape facing family offices in 2025.
Coming soon from Hedgeweek
Designed to tackle the most pressing challenges facing growing hedge funds today, Funds of the Future Europe will delve into capital raising strategies, enhancing investor relations, optimising operational efficiency, and navigating regulatory compliance and cutting-edge technology. Join us on the 29th April 2025 in London.