New Hedge Funds Slated to Appear in the Coming Year

According to hedge fund research firm Pivotal Path, 2024 is poised to witness the launch of 40 high-profile hedge funds by former portfolio managers from major investment firms. Veterans from several notable firms are initiating their ventures, aiming to leverage their past successes in the investment arena. Industry insiders have said that this year’s figure …

Weiss Closes After Nearly 50 Years in Business

After nearly five decades of operation, Weiss Multi-Strategy Advisers LLC has announced its closure. This New York-based hedge fund was established in 1978 by George Weiss. The decision to shut its doors was articulated by Weiss in a heartfelt letter to clients and partners. It marks the end of a significant chapter in investment management. …

The Growth of Cat Bonds

In 2023, hedge funds experienced never-before-seen profits in the volatile debt market, particularly through catastrophe bonds (cat bonds). Cat bonds outperformed other high-risk fixed-income securities by delivering a 20% return, which is significantly greater than the 13% of high-yield US corporate bonds and the 4% of US Treasuries. This success has not attracted hedge funds …

Gambino to Depart Eisler Capital

Sean Gambino is set to depart from Eisler Capital less than two years after joining the $4 billion multi-strategy firm. Gambino, who joined Eisler in mid-2022, is transitioning to establish his own management venture. His move contrasts with the trend of investors shuttering smaller firms to unite with larger multi-strategy funds, enticed by significant payouts …

GCW Global Customised Wealth LLP and Collwick Capital Form Strategic Alliance

GCW Global Customised Wealth LLP (“GCW”) and Collwick Capital, LLC (“Collwick”) have officially solidified a strategic relationship, marking a significant move in fostering closer collaboration between the two financial entities. The agreement entails GCW’s involvement in Collwick’s hedge fund investment program, allowing access to GCW’s proprietary analytical tools that specialize in risk assessment and ongoing …

AI will not cause Hedge Funds to Cut Employees

As AI takes the world by storm, many in the financial industry are concerned for their jobs. A survey of employees in the banking and insurance world revealed that nearly 75% believe that AI is a threat to their jobs. 33% anticipate AI related layoffs of 30% in the next three years.  Gary Collier, Chief …

Hedge Fund Executive Explores the Deep Sea

Anthony Clake, a 43-year-old executive at Marshall Wace in London, has been identified as a significant player in the world of deep-sea exploration for sunken treasures. According to a Bloomberg Businessweek investigation, Clake does not dive into the ocean depths, but he has invested in and overseen sophisticated operations that use cutting-edge technology to locate …

Steve Cohen Shares Optimism at Investors Conference

At the Robin Hood Investors Conference, Steve Cohen, founder of Point72 Asset Management and owner of the New York Mets, expressed optimism that the U.S. economy will experience robust growth in 2024.  Although the market suffered a brief and relatively mild “fake scare” recession this year, Cohen believes the economy will rebound swiftly, leading the …