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Alternative Market Briefing Weekly

Hedge funds attract $55bn new money in Q1: hedge fund news, week 17

Sunday, April 20, 2014

In the week ending 18 April, 2014, eVestment reported hedge funds raised assets in Q1 attracting $55bn of net new money. Assets held by European hedge funds hit record high levels in the first three months of this year to record $476.2bn by the end of March; multi-strategy hedge fund firm Central Asset Investments said it was considering re-opening its pan-Asia special situations offering to new investors; Armajaro Asset Management lost nearly a quarter of assets at its largest commodities fund in the first quarter; and Asia hedge fund performance suffered from a rout in Chinese stocks as Asia ex-Japan strategies were down -1.16% in March.

Cheyne Capital is raising up to £300m to launch a property fund that will aim to invest in projects with a positive social impact; Goldman Sachs is offering its wealthiest customers to invest in about half-dozen hedge funds to catch up with competitors; former PIMCO executives have teamed up to launch unconstrained credit fund Anfield Universal Fixed Income Fund (AFLIX); Magnetar Capital’s Min Htoo and Jordan Teramo plan to start an event-driven hedge fund; Andrew Auernheimer also known as Weev, is free from prison and plans to launch a new hedge fund called TRO LLC; and Classic Auto Funds Limited launched several car investing funds.

BNY Mellon said it would launch a second fund in the targeted absolute return sector under its Newton Real Return fund; and at least 11 Neuberger Berman’s UCITS funds were authorized in Hong Kong.

The Eurekahedge Index reported hedge funds were up 0.87% in Q1; The Barclay Hedge Fund Index dipped 0.09% in March (+1.39% YTD); The Credit Suisse Blue Chip Hedge Fund Index was down -0.48% (+0.93% YT......................

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