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Alternative Market Briefing

Opalesque Roundup: LatAm hedge fund performance surges to 33% YTD : hedge fund news, week 47

Monday, November 28, 2016

In the week ending 25 November, 2016, assets dedicated to emerging markets hedge funds increased to $199.66bn in 3Q, up $9.8bn from the prior quarter. LatAm hedge funds, which were up +6.2% in 3Q, added another +5.4% in October, bringing YTD performance to +33.0%. Gramercy Funds closed its third distressed and opportunistic emerging markets credit strategy after raising nearly $1bn in commitments; 20-year-old college dropout Julian Marchese claimed to have raised $5m for his hedge fund; the SS&C GlobeOp Forward Redemption Indicator for November 2016 measured 4.25%, up from 3.40% in October; eVestment reported $14.2bn outflow from hedge funds in October, the fourth month of redemptions; JPMorgan is predicting a $50bn wave from insurers flooding into ETFs; Pamlico Capital has closed its Fund IV on $910m after just four months in market; Crispin Odey lost about 369 million euros (313.03 million pounds) in the year to Nov. 14; Connecticut-based L Catterton ......................

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