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Alternative Market Briefing Weekly

Opalesque Roundup: Hedge funds, private equity to grab 40% of revenues by 2020: hedge fund news, week 33

Sunday, August 10, 2014

In the week ending 08 Aug, 2014, McKinsey & Co predicted that hedge funds, private equity funds and other alternative investments would grab up to 40% of asset management revenues by 2020. A survey by Cerulli Associates found that alternative mutual funds will hit 14% of total industry assets by 2023; Northern Trust expects the global economic expansion to continue at slow and steady pace over the next five years and Jeffery Gundlach foresees the return of quantitative easing in 2020.

Gerber Taylor raised $19m for the launch of its latest fund of funds; ADM Capital aims to raise about $1bn in fresh funds this year to launch a distressed debt hedge fund; former Bridgewater analyst Howard Wang said he would start a no-fee hedge fund; Whitebox said it plans to remain a mid-sized hedge fund but wants to launch liquid alternatives; Rothschild Larch Lane announced the launch of the Rothschild Larch Lane Alternatives Fund; Ledbury announced the launch of its maiden equity and special situations hedge fund; Mathew Welch said he would start a hedge fund that invests in small and midcap firms in Asia’s developing markets; and Insparo Asset has rolled out the Insparo Africa Fixed Income Fund.

The Chinese government said it was considering setting up fund of hedge funds to support local managers.

The HFRX Global Hedge Fund Index fell -0.88% in July (+0.87% YTD); The HFRU Hedge Fund Composite Index rose 0.17% (+3.10% YTD); The HFRI Fund Weighted Composite Index fell -0.62% (+2.47% YTD); The Greenwich Global Hedge Fund Index dropped -0.33% (+2.74% YTD); The Credit Suisse Liquid Alternative Beta Index was down 1.28%; And the Index IQ Hedge Global Macro Beta Index ......................

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