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Opalesque Roundup: Hedge funds popular again as 17% of all outstanding bonds trade at negative interest rates: hedge fund news, week 43

In the week ending 20 October 2017, the steady performance and investor inflows through 3Q17 lifted total hedge fund assets to a record $3.15tln, an increase of $50bn, making hedge funds popular again while 17% ($8 trillion) of all outstanding bonds trade at negative interest rates.

A study by Northern Trust said that investors, asset managers need 'collaborative partnership' for transparency in alternative assets. Mariya Domina Repiquet has released a new paper analysing hedge fund strategies in the aftermath of global crisis.

Chris LaSusa and Kevin Cottrell are gearing up for a big fund launch on November 1; Advent Capital and Genesis Advisors have launched the multi-strategy fund Advent Global Partners UCITS Fund; Thornburg has converted its Long/Short Equity Fund to an actively managed mutual fund; Ronald Hua is raising money from institutions to make quantitative stock wagers at Qtron Investments; Quantopian has launched its first fund for outside investors that want to tap into its community of data scientists and programmers; Rick Marini has launched the first-ever fund-of-funds for cryptocurrencies, called Protocol Ventures; Active Weighting Advisors launched two ETFs under the EventShares brand that seek to provide exposure to political and policy-driven ideas; and Dymon Asia Capital plans to raise an additional $600m for a stock fund as it expands its equity business.

Bruce Berkowitz is shutting his hedge fund and distributing its holdings to investors, including a stake in Sears Holdings.

The Lyxor Hedge Fund Index was up 0.4% (+2.5% YTD) from 03 October to 10 October;
The HFRX Global Hedge Fund Index gained in September was up +0.43% through October 16 (+4.88% YTD;
Lyxor Hedge Fund Index said that hedge funds gained in September as equities continued their rise and bond prices edge lower;
The Preqin All-Strategies Hedge Fund Index gained 1.43% in September (+8.28% YTD).

In performance, Parantoux Capital's returned 65% this year through September on investments including hardware company AAC Technologies; Glen Point Capital surged 22.7% through September this year; insurance linked securities hedge funds delivered compound returns of 15.60% versus 12.21% for the average hedge fund in the three year period ending December 2016; and computer-driven funds many took a battering last month due to the prospect of interest rate rises, sending those assets into reverse.

Digital Asset has raised $40m as it expands globally led by Jefferson River Capital and Blackstone; and Lee Ainslie's $10 billion Maverick Capital Ltd

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