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In the week ending October 2nd 2018, a Preqin survey said that hedge funds will grow by 31%, rising from $3.6 tn as at December 2017 to $4.7tn within the next five years as alternative investment assets would increase by 59% to $14tn. The private debt market is predicted to double in size, reaching $1.4tn in 2023 and, in doing so, overtake the real estate market to become the third largest alternatives industry. Driven by natural resources, real assets are expected to represent 13% of the $14tn alternatives industry by 2023 as an industry of $1.8tn, 1.5x the size of the combined natural resources and infrastructure markets of 2018.
Total assets under management of the world's largest 500 managers grew 15.6% to US$ 93.8 trillion in 2017, according to a report from the Thinking Ahead Institute while alternative assets investors are increasingly globalizing their portfolios, and interest in emerging markets is growing. Hudson Executive Capital, an activist hedge fund led by former JPMorgan (JPM) finance chief Doug Braunstein, bought a 3.1% stake in Germany's biggest lender Deutsche Bank. The New York-based fund said it believed in CEO Christian Sewing to turn around the ailing business. The transaction, worth about $620 million, makes Hudson Executive Capital the fourth largest investor in Deutsche Bank, after Chinese conglomerate HNA (7.7 percent), two Qatari funds (6.1 percent) and US private equity firm Blackrock (5 percent). Douglas said in an interview that his firm has taken on the stake over the last few months after studying the stock for a year. Chicago based Lekka Global Management has ...................... To view our full article Click here |
Alternative Market Briefing Weekly
Sunday, November 04, 2018
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