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In the week ending 01 August, 2014, the assets under management for commingled fund of hedge funds vehicles increased $21.93bn in Q1 2014; Man Group's funds under management rose 7% to $57.7bn in the first half of 2014; Winton increased the assets in its low-cost equities fund to more than $1bn; Third Point reopened its flagship fund to accept new investments for a short period only; and SSG Capital has reached a final close of its third Asia special situations fund at $915m.

Anil Prasad is preparing to launch his own hedge fund in the first quarter of 2015; Alex Turnbull is planning a Singapore-based hedge fund; K1T Capital formally launched a fund Friday and actively sought out investors; Apollo Global started a new hedge fund to bet against U.S. junk bonds; Catalyst Funds has added four new mutual funds to its product line; and Lyxor Asset launched its first AIMFD multi-manager funds following its fully AIFM status.

The Morningstar MSCI Composite AW Hedge Fund Index was up +1.1% in June (+3.7% YTD); The Parker FX Index reported -1.00% (-1.80% YTD); The Newedge Commodity Trading Index expanded 0.63% (+3.55% YTD): And the S&P Indices versus active funds (SPIVA) Europe scorecard.

A Preqin study found that 99% of hedge fund managers believe 2014 performance will not match 2013’s benchmark r......................

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