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Alternative Market Briefing Weekly

Global asset management industry to reach $100tln by 2020: hedge fund news, week 08

Sunday, February 16, 2014

In the week ending 14 February, 2014, PricewaterhouseCoopers predicted the global asset management industry would grow to $100tln by 2020; BarclayHedge and TrimTabs Investment Research said hedge funds sustained $10bn in outflows in December 2013; and LG Capital Fund raised a total of $59.9m from investors as of Jan. 29.

The South African hedge funds space showed steady growth in assets to reach $4.3bn in 2013.

The Asian hedge fund industry surged to record $112.3bn in 2014 due to continued investor inflows.

Alternative UCITS funds continued to grow and registered positive inflows in Q4-13 as assets reached 112.1bn Euro.

Two former top traders at Goldman Sachs and Noble Group plan to launch a hedge fund in Asia; Permal Group launched its first open end alternative mutual fund, Permal Alternative Select Fund; Maven Securities said it would spin out its most successful trading strategies into a hedge fund; ex-Soros money manager Ahmad Zuaiter said he would start a hedge fund that will invest in Argentina, Nigeria, Vietnam and “frontier markets” such as Pakistan, Morocco, Zimbabwe, Iraq and the United Arab Emirates; Arden Asset said it would launch its second fund to give retail investors access to hedge funds; and Global X said it plans to expand its line of ‘guru’ ETFs.

Brevan Howard is shutting down its Emerging Markets Strategies Master Fund after suffering 15% losses in 2013 and the departure of Geraldine Sundstrom.

Religare Global Asset Management plans to seed half a dozen new funds across different strategies to create a multi-boutique alternative asset management platform.

The HFRI Fund Weighted Composite Index posted a decline of -0.6% in January; The Greenwich Global Hedge Fund Index fell 0.73%; The SS&C GlobeOp Hedge Fund Performance Index gained 1.39%; The eVestment’s aggregate hedge fund performance was down 0.56%; And Hedge funds were down 0.44%, beat markets by more than 3......................

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