Cantor Prime Services is capturing the attention of smaller hedge funds often overlooked by major banks. Our enhanced European offering has plans to expand its capabilities, providing tailored, cost-effective solutions for smaller funds. Read what Sean Capstick, Chief Executive Officer and Head of Prime Brokerage at Cantor Fitzgerald Europe, had to say in Hedgeweek. Interested in learning more about Cantor Prime Services? Reach out to us here: https://lnkd.in/eB6TnVmE
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Among the popular hedge funds, Michael Burry emerged as the top performer over the past three years, boasting an annual return of 26%. David Einhorn's Greenlight Capital followed closely with an annualized return of 24%. David Tepper and Bill Ackman also delivered returns exceeding 10% per annum. These managers outperformed Warren Buffett's Berkshire Hathaway portfolio, which saw an annual gain of 8.5% over the same period. Here are their investment moves in 4Q2023: https://lnkd.in/gct2EPrG
4 Top Performing Hedge Funds and Their 4Q23 Buys and Sells
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Yet another high-profile hedge fund that attracted substantial assets off the back of a few years of outperformance has reverted to the mean. Pelham Capital has one of many long/ short equity funds that have been trounced by low-cost index funds in the last few years. Remember, fund managers CAN'T LOSE, regardless of how poor the performance is. This particular fund has generated £340 million in fees over the last seven years. Hat tip Nick Perrett Costas Mourselas Harriet Agnew Laurence Fletcher #Investing #AssetManagement #HedgeFunds https://on.ft.com/3PNEAVU
Investors flee hedge fund Pelham Capital after losses
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The landscape for hedge funds continues to evolve amidst a rapidly changing global economy. EisnerAmper examines key trends, challenges, and potential strategies that may shape the hedge fund outlook for the upcoming year: https://okt.to/dOJnEY #hedgefunds #trends2024 #outlook
A Comprehensive Outlook on Hedge Funds in 2024
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Chris LaSusa and Kevin Cottrell recently closed their stock-focused hedge fund, KCL Capital, L.P. after nearly six years, as Cottrell moves to Balyasny Asset Management L.P. Kevin Cottrell, who previously worked with LaSusa at Point72 for over a decade, is tipped to become a portfolio manager for TMT at Balyasny. The closure of KCL could be a symptom of the broader trend in the hedge fund space, with investors favouring larger multi-manager funds for more stable returns and diversification. A shift that has led many managers to wind down their own hedge funds and join these platforms. These platforms are also paying rather competitive compensation packages, sign-on bonuses and guarantees for top PMs. The migration of talent to pod shops has contributed to 2,500 hedge fund closures in the last five years, surpassing the number of new launches during the same period. #investmentmanagement #assetmanagement #alternativeinvestments #hedgefunds
Ex-Point72 Pair Shutter Their Hedge Fund as One Joins Balyasny
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The landscape for hedge funds continues to evolve amidst a rapidly changing global economy. EisnerAmper examines key trends, challenges, and potential strategies that may shape the hedge fund outlook for the upcoming year: https://okt.to/ynZq61 #hedgefunds #trends2024 #outlook
A Comprehensive Outlook on Hedge Funds in 2024
eisneramper.com
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The landscape for hedge funds continues to evolve amidst a rapidly changing global economy. EisnerAmper examines key trends, challenges, and potential strategies that may shape the hedge fund outlook for the upcoming year: https://okt.to/s1Jjyf #hedgefunds #trends2024 #outlook
A Comprehensive Outlook on Hedge Funds in 2024
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The world’s biggest hedge funds are flush with more capital than ever—so much so that many are allocating billions of dollars to other firms. It is a byproduct of the hedge-fund industry forking into the haves and have-nots. Gains at the top 20 hedge-fund managers represented 83% of the industry total over the past three years, according to fund investor LCH Investments. Firms with more than $5 billion under management account for nearly 73% of hedge-fund assets, according to research provider HFR. Much of that concentration is a result of new assets piling up at multimanager hedge funds. Millennium, Steve Cohen’s Point72 Asset Management, Balyasny Asset Management and other such firms fan out money across dozens to hundreds of teams with distinct investment strategies. Among multimanager hedge-fund firms tracked by Goldman Sachs’s prime-brokerage unit, 61% now allocate at least some capital to outside firms or managers. That is up from 52% in December 2022. “Some of these great multimanagers have more capital than they have capacity for,” said Roark Stahler, U.S. head of strategic consulting at Barclays’s prime-brokerage unit. “Making an external allocation is a great way to put money to work.” #hedgefunds #assetmanagers #assetmanagement #alternativeinvestments #assetallocation #millennium #point72 #balyasny #goldmansachs #barclays #citade
The Hottest Investment for Hedge Funds Is Other Hedge Funds
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Bobby Jain has successfully secured over $3 billion in commitments for his new hedge fund, Jain Global LLC, which is set to launch in July with an expected $5 billion to $6 billion in commitments. This fundraising puts Jain Global on track to be the largest hedge fund launch since 2018. The majority of investments are from pensions, endowments, and sovereign wealth funds, including those from the Middle East. Despite a challenging fundraising environment for the industry, Jain Global has implemented fee incentives and sweeteners to attract investors, with the first share class receiving fee discounts. The firm aims to reach $12 billion in assets over time and plans to assess additional growth's impact on returns, potentially returning profits to investors as it grows. #assetmanagement #alternativeinvestments #investmentmanagement #hedgefunds
Bobby Jain Raises $3 Billion Ahead of Hedge Fund’s July Debut
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'Big-name managers such as Citadel and Millennium outpaced rivals in the world’s hottest hedge fund strategy last year, illustrating how an arms race for talent and technology is taking a toll on smaller players in the sector. Ken Griffin’s Citadel gained 15.3 per cent in its flagship Wellington fund in 2023, according to people familiar with the numbers. It told clients in December that it planned to return $7bn in profits to investors and said it would start 2024 with $58bn in assets. Izzy Englander’s New York-based Millennium, which runs $61.4bn, gained 10 per cent last year, while Steve Cohen’s Point72 Asset Management, which has $31.4bn in assets, was up 10.6 per cent, investors said.' #assetmanagement #hedgefunds
Citadel and Millennium outpace smaller hedge fund rivals
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