Algo Capital Group’s Post

Billionaire Chris Rokos’s hedge fund cemented its position as one of the best-performing macro money pools so far this year, with year-to-date gains now reaching about 20%. His hedge fund, which manages more than $17 billion, gained around 6% in April, bolstering the returns, a person familiar with the matter said, asking not to be identified discussing performance. Rokos Macro Hedge Fund Returns Source: Investor document and Bloomberg reporting Note: 2024 returns are through April Rokos’s success comes amid a wild year for macro traders so far this year. Many of them found themselves wrong-footed by a broad recalibration in interest-rate expectations, which led to a selloff in US bonds. Those expecting aggressive reductions by the Federal Reserve were disappointed, while Rokos, who’s known for placing high conviction leveraged bets, profited from the market U-turn. The first quarter saw a wide range of returns across macro peers. Performance among global macro funds was the most widely dispersed of any strategy during the period, according to data from fund administrator Citco, with results for tracked hedge funds varying between -10% to north of +20%. Rokos, whose net worth is estimated at $1.8 billion by the Bloomberg Billionaires Index, runs one of the biggest macro hedge funds in the world. He co-founded  Brevan Howard Asset Management in 2002 before starting his own operation in 2015.

Hedge fund founders must look inward to understand their motivations for wanting to start a fund. In Thalēs latest insight, the company identifies paths to launching a hedge fund and how important understanding "why" can be. Thalēs is a brokerage and fund-raising alternative built on innovative technology and a service platform that will help your firm grow in both assets and character. Check out their latest insight here: bit.ly/41XZab5

As a Hedge Fund COO being able to scale both up and down with your tech stack is important. Annalices discusses with Hedgeweek. Hedge Funds and Technological Elasticity Neovest. https://lnkd.in/envzqTpx

Great to see a potential future need to scale down becoming an upfront consideration. If you have more capacity or functionality than you need it definitely makes sense to turn it off. Will be both cost beneficial and also reduce a firms environmental footprint. Ongoing management of capacity (down as well as up) is a practice that members of Sustainable Trading are working to implement. Fantastic to see it being put into practice and being rolled out to clients.

🚨 Citadel to Return $7 Billion of Profit to Hedge Fund Clients 🚨 Citadel has announced its intention to give back approximately $7 billion to clients, a decision prompted by the substantial double-digit gains witnessed in its multistrategy hedge funds over the last two years, elevating assets to an impressive $63 billion. The flagship Wellington fund of Citadel, renowned for its resilience and agility, achieved an impressive 15% gain in November, concluding a remarkable 38% increase in 2022. In an industry where stability and consistent returns are highly valued, Citadel's performance distinguishes itself as an outlier among its multistrategy counterparts. The explosive growth of multimanager hedge funds, exemplified by Citadel, has attracted investors seeking relative stability and dependable returns. These funds distribute their resources across various teams operating independently in diverse markets and strategies. While many multistrategy peers have reported single-digit returns this year, Citadel's success remains a testament to its distinctive approach and market insight. The capital return, scheduled for December and January, positions Citadel to commence the new year with $58 billion in assets. This strategic move aligns with the common practice among hedge fund managers to return capital, preventing funds from becoming overly large and ensuring the capacity to make profitable investments in specific asset classes. #hedgefunds #hedgefund #quantitativefinance #trading #recruitment #newyork

Read the press release on the Unlimited Hedge Fund Barometer - A Guide to Performance and Positioning of The Global Hedge Fund Industry. #hedgefunds #alpha #alternativestrategies https://lnkd.in/eVk96xVA

I found this table of 2023 hedge fund performance in a Bloomberg article on Haider macro hedge fund (there’s a paywall but basically it was -43.5% in 2023 after a +193% gain last year). Decided to add in the performance of low-cost, diversified passive funds in the US for good measure (disclaimer: not saying these are suitable in themselves for anyone). I suspect that if one had a similar 2022 table, the rankings would be quite different. As for hedge fund return data “over the long term” - there is quite a lot of survivorship bias. We like to think that we ourselves or some star managers we pay lots to or can access preferentially are better, faster and smarter than the market, and that the eye-watering returns are not just luck. There probably are some, but I’m skeptical about how consistently they can outperform over accumulation periods for retirement and other goals, and whether I am able to correctly pick them consistently. The Bloomberg article https://lnkd.in/ga_wWwjj

Pondering Hedge Funds and A.I. :: ( 9 out of 10 ) ____/________ " Nine out of ten hedge fund traders will use artificial intelligence to achieve portfolio returns during 2023, according to a new survey of the top 50 hedge fund "

Hedge Fund Millennium in Talks to Raise Billions of Dollars in New Capital : firm is looking to raise about 10% of its current assets of its $68 billion in assets as the multistrategy hedge fund giant looks to bolster its ability to access capital when needed : talks with investors to get their commitments in a so-called draw-down fund that will allow Millennium to call the cash at will : Millennium previously raised $14 billion in a similar vehicle. It has called about 80% of that capital, including $3 billion in June : Millennium, Citadel, Point72 Asset Management and Balyasny Asset Management have all slammed their doors on new cash despite rampant demand for their funds : Hedge fund plans to call the cash as needed in the future