Hedge Fund and Insider Trading News: BlueCrest Capital Management, Haidar Capital Management, Tiger Global Management, Three Arrows Capital, Biohaven Pharmaceutical Holding Co Ltd (BHVN), Braze, Inc. (BRZE), and More

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Haidar’s Hedge Fund Dominates Macro Resurgence With 274% Gain (Bloomberg)
Few hedge fund managers have exploited the retreat from quantitative easing as spectacularly as Said Haidar. His $4.3 billion Haidar Jupiter hedge fund soared about 19% in September, according to people with knowledge of the matter. That lifts his year-to-date returns to 274%, nearly four times the best-ever annual performance for the money manager since he started trading more than two decades ago, said the people, who asked not to be identified because the information is private.

Billionaire Fund BlueCrest has Doubled Its Money, Report Says (Morningstar)
Billionaire Michael Platt‘s hedge fund BlueCrest Capital has reportedly made double its money from betting against the debt markets, according to the Financial Times. The hedge fund-turned-family office is apparently up 114% in gains so far this year, the FT has reported, citing a source familiar with BlueCrest’s returns. British bond trader Michael Platt and American William Reeves set up the hedge fund in 2000 before returning investors’ money in 2015 to become a private investment firm managing billions of pounds between Platt and his partners’ wealth.

Three Arrows’ CryptoPunks and Other ‘Starry Night’ Ethereum NFTs Set to Be Liquidated (Decrypt.co)
After expensive Ethereum-based NFTs belonging to crypto hedge fund Three Arrows Capital were moved to a new wallet this week, the liquidator behind the firm’s bankruptcy proceedings has confirmed that it has taken custody of the collection. Teneo, the business advisory firm leading the Chapter 15 bankruptcy process, said in a statement that it now has possession of the NFTs owned by Starry Night Capital, a fund established by Three Arrows Capital and pseudonymous investor Vincent Van Dough in 2021. Most of the assets were transferred to the new wallet over the last two days.

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AIMA Hedge Fund Confidence Index Hits Highest Average Since 2020 Launch (Hedge Week)
The AIMA Hedge Fund Confidence Index (HFCI) measured +25.4 for Q3 2022 – up from +17.8 in Q2 – the highest average confidence score recorded since the HFCI debuted in 2020. The index, which is based on a sample of 389 hedge funds, accounting for approximately $3 trillion in assets measure average confidence in terns of business propspects for the next 12 months. According to AIMA’s research, UK fund managers with greater than $1 billion in AUM are the most confident, followed by their Asia-Pacific peers and then US-based managers.

Danske’s Quest for True Alternative Risk Premia (Hedge Nordic)
Stockholm (HedgeNordic) – What fund managers may have considered “alpha” in the past may well be codified as today’s or tomorrow’s alternative risk premia. With the emergence of new – alternative – betas, the unexplained portion of returns – alpha – is shrinking, and, thereby, getting reclassified as alternative beta. Rather than focusing on finding alpha, more alternative risk premia strategies seek out alternative return sources that offer positive expected returns and diversification.

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