September 2025 Alt Data Roundup

Oct 2

Football season is officially open and for all the sports fans who are curious about what’s going on in the business of gambling- download Exabel’s US Gambling Sector Report. And if you are interested in the Restaurant Sector, download the report that gives you insights in to that sector.

Buy Side News

Man Group is getting into ETFs. The firm listed two actively managed bond ETFs on the NYSE on Thursday – the Man Active High Yield ETF (MHY) and the Man Active Income ETF (MANI). Both products draw on Man’s $42.7bn global credit platform and are designed to deliver income and capital growth over the medium to long term.

Mark Spitznagel, the Founder and Chief Investment Officer of tail-risk hedge fund Universa Investments has cautioned that US equities could climb another 20% before a collapse rivalling the 1929 stock market crash, according to a report by Reuters.

According to a report by Reuters, wealthy investors in the US and Asia are redirecting hedge fund allocations away from the US and toward Europe and the Middle East, according to the the findings of a Bank of America survey of 263 allocators representing roughly $840bn in assets.

Fasanara Capital has now raised $100m in its hybrid One Fasanara (F-ONE) offering, which combines tactical private credit and crypto strategies since its launch in January 2025.

Toronto-based hedge fund Waratah Capital Advisors is ramping up its exposure to gold equities as bullion hits record highs, viewing the rally as just beginning investing in mid-tier producers as well as early-stage developers.

Boston-based hedge fund Verdad Advisers is preparing to launch a new Japan-focused equity fund targeting small-cap companies, continuing its strategy of exploiting capital inefficiencies in less-followed stocks, according to a Bloomberg report.

One of Wall Street’s hottest hedge fund strategies – the dispersion trade which profits when index volatility remains subdued while single-stock volatility rises – is showing signs of crowding, prompting some managers to place contrarian bets.

Quantitative hedge fund AlphaQuest, which rebranded from Quest Partners earlier this year to signal its “alpha-driven” approach, has posted an 11.4% decline in 2025 up to the end of August, according to a report by Bloomberg.

Taconic Capital Advisors is closing its $1.8bn multi-strategy Opportunity Fund to refocus on North American credit and merger arbitrage investments.

DE Shaw & Co, is raising $3bn–$5bn for its new Cogence Fund, marking the firm’s first multi-strategy hedge fund run entirely by human traders rather than algorithms.

Brazilian hedge funds are outperforming as falling inflation strengthens expectations for rate cuts, with several managers, including Ibiuna Investimentos and Ace Capital, benefiting from positions in local interest rate swaps and the real.

Bill Ackman’s Pershing Square Holdings is one of this year’s standout hedge fund performers, with the London-listed vehicle up 25.3% through early September, far ahead of the S&P 500’s 11.7% gain, according to a report by Barron's.

London-based hedge fund, High Ground Investment Management is up 5% in August, bringing year-to-date gains to 25.4%, according to a report by Financial News.

According to a report in the Financial Times, London-based multi-manager hedge fund Eisler Capital is set to shut down after struggling to meet performance expectations amid facing rising costs to attract and retain top trading talent.

New Fund Launches

Soren Gandrud, a former healthcare Portfolio Manager at Millennium and Citadel, is launching his own hedge fund, Jones Hill Capital, with backing from $12bn multi-strategy firm Walleye Capital, according to a report by Business Insider.

3R Investment Management, according to a report by Bloomberg, is seeking to raise up to $700m for a new credit-focused hedge fund.

White Elk Partners, the hedge fund founded by former BlueCrest and Brevan Howard portfolio manager Carl Radford.

Little Harbor Advisors is launching a multi-manager, short-only hedge fund to capitalize on perceived market vulnerabilities, with a particular focus on financials, real estate, private equity vehicles and solar energy, according to MorningStar.

Tenucia Partners, a new long-short hedge fund based in HK and focused on Asian equities, is launching soon, according to a report by Reuters. The fund is expected to begin trading in the first quarter of 2026 and will target opportunities across Japan, China, and other Asian markets.

Harvey Capital Partners, a credit focused fund, is expected to debut in Q4 with more than $1bn under management.

Covara Capital, a newly launched opportunistic long-short credit fund founded by former Fir Tree Partners Portfolio Manager Sachin Gupta, recently got a commitment of $250M from Blackstone, according to a report by Reuters.

Black Pill Capital has launched with a new strategy centred on investing in companies looking to adopt bitcoin as a corporate treasury asset.

THE DATA CORNER

Insights & Product Launches

Exabel published a new Vendor Value Summary for Advan Research. Advan provides geolocation and foot traffic data, offering insights measured from 2,000+ publicly traded companies, nearly 45 million U.S. devices and 20 million international devices (plus, includes 2015 historical data).

Guideline dug into the Ad spend per ticker that could potentially be impacted by the administration's initiative to address direct to consumer advertising. This is high margin Ad inventory that could be impacted. You can meet the Guideline team at BattleFin’s Oct 9th Conference.

Brain announced Brain ML Mid Freq Signals on Cryptocurrencies generating hourly trading signals for construction of systematic strategies.

Aura Intel launches their Claude MCP Connector for real time workforce intelligence on Sept 9th. Claude users can now tap directly into Aura's Model Context Protocol (MCP) server to access real-time workforce benchmarks across 20 million companies, including headcount trends, role composition, tenure, and organizational structure.

We were wondering what’s going on with Malls. There seems to be a lot of activity and sports related offerings being targeted for launch in Malls, taking over the empty retail space. Looking forward to Placer’s virtual series on Malls on Sep 30th to discover business trends.