Opalesque Roundup: Equity hedge funds leads industry gains in May: hedge fund news In the week ending June 14th 2024, HFR reported that hedge funds gained in May as equities recovered the prior month's decline, and as inflationary pressures remained elevated, but investors positioned for interest rate reductions in 2H24. Led by directional Equity Hedge and Event-Driven strategies, the HFRI Fund Weighted Composite Index advanced +1.3 percent in May, with additional positive contributions from Relative Value Arbitrage strategies offsetting a decline in Macro strategies. In new launches, Coatue Management's Aaron Weiner, who's leaving the investment firm, is preparing to start his own hedge fund with backing from Izzy Englander's Millennium Management; PAG, Asia's biggest manager of alternative assets, will close the fundraising for its latest buyout fund at $4 billion later this month, reaching less than half of its original target as investors balk at putting new cash into the region, people familiar with the matter said, while Sumitomo Mitsui Trust Holdings has launched an investment fund focused on private assets with U.S.-based Apollo Global Management, Nikkei has learned, amid growing demand for these products in Japan. Meanwhile, the global private markets firm Partners Group closed its fifth direct private equity program, Partners Group Direct Equity V, with total commitments above its target of $15 billion; Munich based neXDos GmbH announced the launch of the neXDos US Buyout Style mutual fund, and European financing investor Kartesia has closed its second ...................... To view our full article Click here |
Alternative Market Briefing Weekly
Saturday, June 15, 2024
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