Ken Griffin’s Citadel Hedge Fund Gained 7.5% in April Even as Markets Tanked (Bloomberg)
Ken Griffin’s Citadel scored a 7.5% return for April in its main hedge fund even as U.S. stocks posted their worst performance in decades. The $50 billion firm’s Wellington fund is up 12.7.% so far this year, making money in all five of its main strategies, according to a person familiar with the matter. The fund is market neutral, meaning its bullish wagers are matched with bearish ones with the aim of producing returns that are uncorrelated to markets. It’s also a multimanager, multistrategy platform with separate groups of traders who invest across assets classes and geographies.
Ray Dalio Predicts the Future – and What He Sees Is Concerning (The New York Times)
The Russia-Ukraine war has opened up questions about America’s role in global affairs and how the balance of power will reshuffle. These questions aren’t new; the discussion of the end of American dominance and the rise of new powers like China has captivated political and economic discourse. It is also the subject of Ray Dalio’s latest book, “Principles for Dealing With the Changing World Order.”
Anthony Scaramucci Says SkyBridge has About $4 Million of Algorand on its Balance Sheet. Here’s Why the $3.5 Billion Hedge Fund is Betting Big on the Layer-One Protocol and Its Token. (Business Insider)
After a career spanning hedge fund founder, White House adviser, and conference organizer, Anthony Scaramucci last week found himself in the 700-island nation of The Bahamas, co-hosting a four-day crypto conference with FTX founder Sam Bankman-Fried. The inaugural Crypto Bahamas conference, which drew more than 2,000 attendees from around the world, took place at a time when Scaramucci’s SkyBridge Capital has pivoted heavily into crypto from its traditional hedge fund of funds business.
Rawpixel.com/Shutterstock.com
Opalesque Roundup: Global Hedge Fund Industry Capital Reaches Record Highs: Hedge Fund News, Week 15 (Opalesque)
In the week ending April 29th 2022, HFR Global Hedge Fund Industry Report said that total global hedge fund industry capital remained above the $4 trillion milestone, as managers navigated extreme volatility with leadership from uncorrelated Macro strategies, including Fundamental Commodity and Discretionary funds, as well as Quantitative, Trend-Following CTA strategies which posted record gains. Total capital inflows reached $19.8 billion in 1Q 2022, the highest quarterly inflow since 2Q 2015.
Meister’s Corvex Doubles Stake in Kindred (Casino.org)
Keith Meister’s Corvex Management has doubled its position in Kindred Group, according to a regulatory filing issued by the Swedish online gaming company. The hedge fund initiated a stake of more than 5% in Kindred in February, nearly doubling the size of that investment in less than three months. According to the notification, Corvex Management LP. holds 10.12% of the shares and voting rights in Kindred as of 25 April 2022. Corvex Management LP. serves as investment adviser to investment funds and accounts which own the securities reported in the notification,” according to the Kindred filing.
