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Alternative Market Briefing

Opalesque Roundup: Blackstone, Einhorn, Fortress, Man Group lead hedge funds' asset raising efforts: hedge fund news, week 43

Monday, October 20, 2014

In the week ending 17 October, 2014, Blackstone Group said that its assets rose by 15% YTD as at end September 30 bringing its total assets under management to $284bn; Man Group assets rose 25% to $72.3bn in Q3 from $57.7bn; Fortress Investment Group is seeking about $4.3bn to buy distressed credit around the world.

Hedge fund managers now need between $100m and $150m in assets if they are to break-even amid growing regulatory scrutiny; the aggregate global household wealth rose by 8.3% in current dollar terms to $263tln from mid-2013 to mid-2014; David Einhorn plans to raise money for the first time in more than two years to take advantage of recent market turmoil; eVestment's September and Q3 2014 Hedge Fund Asset Flows Report identifies a variety of outflow trends in the industry; and Village Capital is seeking to raise 10 billion yen ($94m) by the end of 2015 for a new Japan-focused hedge fund.

Purpose Investments launched two new alternative investment funds, Purpose Multi-Strategy Market Neutral Fund (PMM) and Purpose Enhanced US Equity Fund (PEU) & (PEUB); AQR Funds filed a prospectus for the launch of two alternative mutual funds back in July; Scott Malpass created a fund aimed at Catholic endowments; Qu......................

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