Bilal Jafar’s Post

In the latest Billion Dollar Club (BDC) report, New York remains the world's billion-dollar hedge fund hub, with 165 firms holding one-third of BDC assets after adding a further $52bn in H1. London remains Europe's largest hedge fund hub by assets. Capital managed by hedge funds based there rose 6.7% through the first six months to reach $534bn. Hong Kong-based BDC assets jumped $6.6bn, widening the gap over nearest Asia rival Singapore.

Despite two industry quakes for China's quantitative hedge funds in 2024, the survivors continue to shine. According to data from Shenzhen PaiPaiWang Investment & Management, as the end of September 2024, there were 60 Chinese onshore Top quantitative hedge funds with AUM exceeding CNY 5 billion ($ 0.70 billion), of which there were 30 quantitative hedge funds with AUM exceeding CNY 10 billion ($ 1.40 billion).   43 of the top quantitative hedge funds were founded before 2016, 30 of them were founded in 2014-2015. Among them, UBIQUANT is one of the earliest and leading quantitative hedge funds in China with 189 employees currently. The founders used to work for Millennium , a well-known quantitative hedge fund in the US.   Categorized by core strategy, there are 43 with equity strategies, accounting for over 70% of the total; 8 multi- strategies and 5 managed futures and CTA strategies. In the first three quarters of 2024, the top-earners are WizardQuant and Shanghai Yanfu Investments Co., Ltd., both of their CSI 300 index enhancement strategies, showing returns of 24% and 19% respectively. #China #stockmarket #top #quantitative #hedgefunds

Dubai-based Magellan Capital Holdings Ltd. is set to launch a $700 million multistrategy hedge fund next month that will rank among the largest debuts in the United Arab Emirates. The fund will run equity and credit strategies, according to Britney Lam, head of long-short equities for the firm. Magellan’s size is notable, given just 5% of hedge funds globally launched with $500 million or more this year, according to industry tracker Preqin. https://lnkd.in/g3cAhKVA

SVI winds down China-focused hedge fund Hong Kong-based hedge fund Strategic Vision Investment has wound down its main Value Multiplier Fund which invested in Chinese equities according to Reuters. SVI liquidated the holdings of the long-short fund at the end of July and is returning its external capital to investors, the sources, who are directly aware of the developments, said. The hedge fund took the step as it sees limited room to expand its China-focused long-short investment strategy, given geopolitical tensions and shifts in the investment landscape in the region, one of the sources said. Founded by Ken Xu as BosValen Asset Management in 2014 and rebranded as SVI six years later, the firm managed more than $1 billion in assets last year. It now plans to use its own capital and investment from new strategic partners to form a multi-family office, or an entity to manage the wealth of rich families, one of the sources said. The Value Multiplier Fund managed more than $400 million at its peak and returned a loss of 1.1% last year, according to a source familiar with the fund's performance. The source did not say when the fund hit its peak in assets but added it had generated an annualised return of 28% since 2020. #hongkong #hedgefund #china

China Probes Hedge Fund With 795% Product Gain, Owner Missing. Ruifengda suspected of alleged illegal activities: regulator. Regulators have been tightening scrutiny over the industry. China is probing a hedge fund firm with stellar returns after it stopped repaying investors, following tightening scrutiny on the 5.5 trillion yuan ($760 billion) industry. https://lnkd.in/gPKHFgM4 China Probes Local Hedge Fund for Suspected Illegal Activities. "China’s securities watchdog said it is investigating hedge fund Zhejiang Ruifengda Asset Management Co. for suspected illegal activities, while media reports said the fund has failed to pay investors seeking redemptions and that the controlling shareholder is missing." https://lnkd.in/gPKHFgM4

Systematic hedge funds, using algorithms to track market trends, have shown remarkable performance in the first quarter of 2024, surpassing other fund strategies. With an average gain of nearly 9% in the initial two months, against the industry average of 2.6%. The success of these funds reflects the volatility in global markets. While the US S&P 500 index increased by over 11%, Hong Kong's Hang Seng index dipped by about 2%, and Japan's Nikkei index increased over 20%.

Hedge fund Regal charged in South Korea short-selling crackdown: (Hedgeweek) Regal Funds Management Pty Ltd, one of Australia’s largest hedge funds, has been indicted by South Korean regulators as part of an expansion of Seoul’s crackdown on short-selling trading practices, according to report by Bloomberg To read this article: #hedgefund #portfoliomanagement #capital

Carl Radford of White Elk Partners: “Delivering global macro through the lens of Asia”. Hedge fund manager Carl Radford talks with the Hedge Funds Club’s Stefan Nilsson about choosing Hong Kong as a home for his fund management business, delivering global macro through the lens of the Asian liquid markets, what it takes to be a great hedge fund manager and much more. https://lnkd.in/ggCMFMJN #hedgefund #hedgefunds #globalmacro #cio #ciointerview #portfoliomanager #alternativeinvestments

Performance of Systematic Hedge Funds in 2024 📈 Systematic Hedge funds have outperformed other fund strategies during Q1 this year with average gains around 9% compared to other funds performing around 2.6% better in the first few months of 2024. This is due in a large part to political tensions causing a volatility in global markets early in the year, this has led to early year gains for hedge funds especially in equities, as interest rates hit their peak. Systematic Hedge funds who deploy and generate strategies algorithmically have emerged ahead in Q1 gaining 12% according to an index compiled by Société Générale. Due in most part to the logical machine-driven analytics of market trends that are insulated from market fear and panic associated with the volatility of global markets in unpredictable times. Reports have also found that firms embracing higher risk margins are seeing the highest return on yield.

With Intelligence research showed the total hedge fund assets managed by this Global Billion Dollar Club (BDC) stood at $3.13 trillion in 2023, nearly 5% more than 2022, and just below the prior $3.14 trillion peak for the grouping at the end of 2021. Gain exclusive access to our latest Billion Dollar Club (BDC) hedge fund report, usually reserved for With Intelligence members. Celebrating 15 years of tracking the world's largest hedge fund firms, this report offers invaluable insights. Benchmark your firm's growth against industry giants with the H2 2023 BDC report: https://lnkd.in/eSMZyVwR #hedgefund #BDC #report