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...Typically, private equity groups aim to hold assets for about five years....
...Multi-managers, which include giants Izzy Englander’s Millennium and Ken Griffin’s Citadel as well as Eisler, employ teams of professionals trading a wide variety of strategies, diversifying the fund against...
...Multi-manager funds are the fastest-growing part of the $4tn global hedge fund industry as investors seek consistent returns that are less correlated with equity markets....
...In March, private equity group Permira agreed to sell fund administrator Alter Domus to rival Cinven in a €4.9bn transaction....
...Nunes, a former Republican congressman, named four equities market makers in his letter: Citadel Securities, Virtu, Jane Street and G1 Execution Services....
...Citadel Securities and Citadel, the hedge fund owned by Griffin, have also been expanding elsewhere in Asia, opening offices in Tokyo last year....
...For a certain type of hedge fund — a breed now dominated by the huge multi-manager platforms such as Citadel, Millennium, Polymer and others — neutrality reigns supreme and Japan, accordingly, has been very...
...Their refrain for several months has been that hedge funds “want to bury this company”, while largely avoiding mention of factors that might have dissuaded investors from buying into NWBO, such as a study...
...Private equity strategies have evolved in a way that is ill-suited to the life cycle of the closed-end fund....
...“Equities have been on a fantastic run,” he said....
...These funds have become very popular with institutional investors seeking stable returns that can persist even when equity markets fall....
...chair of fundamental equities....
...The public listing of European private equity firm CVC Capital Partners will net one of its co-founders, Donald Mackenzie, a windfall of up to €150mn....
...Read the full story here Chart of the week Big gains by Sir Christopher Hohn’s TCI, Ken Griffin’s Citadel and Andreas Halvorsen’s Viking helped the world’s 20 best-performing hedge fund managers of all...
...Portfolio insurance — a dynamic hedging strategy based on stop losses which was designed to let pension funds hold a higher equity allocation ‘safely’— was deemed the villain of the 1987 crash....
...So you could have a commodities hedge fund, a long/short equity hedge fund, a fixed income hedge fund. They could specialise in these various areas....
...Other investors included Hudson Bay Capital Management, which put in $250mn, and Citadel, the hedge fund led by billionaire Ken Griffin....
...In a similar vein, Citadel Securities was always seen as a retail market maker in cash equities and equity options but has made huge strides in the institutional market, leveraging existing technology, talent...
...The 2024 increase in fees reflects how global investors are allocating billions of dollars to multi-manager hedge funds that emulate Ken Griffin’s Citadel and Izzy Englander’s Millennium and which have come...
...By contrast, Citadel Securities — the market leader in US equities and options trading — generates 5x as much revenue as its competitor Virtu with only 60 per cent more headcount. 4) Diversification....
...There’s another motivation: the group already owns part of Hipgnosis Song Management, the fund’s manager and investment adviser....
...This reflects how global investors are allocating billions of dollars to multi-manager hedge funds that emulate Ken Griffin’s Citadel and Izzy Englander’s Millennium Management....
...The company’s fund managers have taken a bearish view of equity markets, taking a defensive stance with investments in long-dated, inflation-linked bonds, while betting against growth stocks through short...
...CVC in September bought Dutch infrastructure fund DIF Capital Partners, having acquired Glendower Capital, which invests in deals where private equity firms sell companies to themselves, in 2021....
...According to Morningstar, in the year to June 2023, 27 per cent of actively managed global large-cap equity funds beat the equivalent passive fund. Over a 15-year timeframe, only 3 per cent have....
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