On December 31st, Ken Griffin, founder of Citadel, said last month that the boom of multi strategy hedge funds has ended, but he was only half right. Indeed, the asset management scale of multi strategy funds has decreased compared to last year, partly due to some funds, including Castle, returning billions of dollars in profits to clients. But these funds are still in their heyday, with several even ranking among the world’s largest hedge funds. The demand for top tier funds in the market is strong, and not only has their performance improved this year. And the battle for talent is still ongoing.
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