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“The gears are moving again”
New AFI analysis piece hears from a hedge fund executive bullish on fundraising. What is the case for hedge funds in 2025? Will allocators follow through on warm sentiment after another 12 months of performance (the main industry trackers put composite returns in low double-digit territory)?
Distributions to LPs from money tied up in private asset commitments would certainly help. The next few months will prove pivotal. Read more.
Hedge funds hit double-digits in ‘24
Hedge funds posted average gains above 10% in 2024, according to industry trackers. PivotalPath’s composite rose 10.7% and HFR’s fund weighted composite index 10.1%.
Brevan Howard advances in profitable year for macro
Brevan Howard’s Master Fund gained 5.3% in 2024, a profitable year for global macro ahead of bigger macroeconomic shifts expected in President Trump’s second term. Read our macro round-up.
Wellington launches multi-strategy interval fund
Boston-based Wellington Management has launched its first interval fund, to be managed by senior PM Roberto Isch with a multi-strategy approach. Check out the AFI launch tracker and Form D tracker – 22 added so far this year.
$1bn+ Two Seas Capital founder speaks to AFI
Two Seas Capital, the Rye, NY-based event-driven hedge fund, passed $1bn in firm-wide assets at the start of December. Founder Sina Toussi features on the latest episode of the AFI podcast.
Toussi shares perspectives on his investment approach, examples of successful trades and 2025 priorities. Read more.