Weekly round - up

Digital assets funds see tenth week of inflows

Digital asset inflows totalled $176m last week, reaching a 10-week cumulative total of $1.76bn. This figure represents the highest level since the launch of futures-based ETFs in the US in October 2021, as indicated by the latest Digital Assets Fund Flows weekly report from CoinShares. Canada, Germany, and the US led with significant inflows, while Hong Kong experienced minor outflows. Bitcoin saw $133m in inflows.

Marshall Wace partners share ￡538m payday as turnover at ￡50bn fund slumps

A report to Companies House, the British partners of Marshall Wace says that the hedge fund with assets totalling $63 billion reported profits exceeding ￡538 million last year. Established in 1997 by Paul Marshall and Ian Wace with an initial investment of $50 million (￡40 million) and seed capital from hedge fund legend George Soros, Marshall Wace has been at the forefront of computerised or algorithmic trading.

Equity hedge funds rose 4.1% in November

In the week ending December 8th 2023, HFR reported a notable surge in hedge fund performance for the month of November. Among the various strategies, Equity Hedge funds which engage in both long and short positions across specialised sub strategies took the lead in November's performance. Gains were observed in Quantitative Directional, Technology, Fundamental Value and Healthcare.

The HFRI 500 Equity Hedge Index recorded an estimated increase of +4.3% for the month, marking the most substantial gain since February 2021. The HFRI Equity Hedge Index also experienced a significant surge of +4.1%. Global hedge funds demonstrated a pattern of selling rather than buying equities for the third consecutive week. Notably, these funds divested shares, particularly in consumer staples and financials.