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Alternative Market Briefing

Opalesque Roundup: A bitter taste of summer for hedge funds: hedge fund news, week 39

Monday, October 01, 2018

In the week ending September 28th 2018, Lyxor's Cross Asset Research team explained that there was "no turn in sight yet in September" for hedge fund performance and alpha. Although hedge funds' performance and alpha were honorable until the summer, they erased about 2.5% of alpha since June, with no turn in sight yet in September, according to the Lyxor Weekly Brief.

In new launches, Manny Friedman's $6.9 billion hedge fund firm, EJF Capital, is raising money for real estate projects in low-income neighborhoods: Travis Kling quit billionaire Steven Cohen's Point72 fund in December, at the peak of the cryptocurrency boom, to start his own fund focusing on digital assets; Singapore-based family office AJ Capital is planning to start a hedge fund of $136m or more; Peter Kraus, the former CEO of AllianceBernstein, is launching an asset management firm, Aperture Investors, with Italian insurance company Generali; Tishman Speyer's eighth European value-add real estate fund, which planned to raise EUR 600m, has exceeded its fundraising target by 25% and Singapore-based VisVires New Protein (VVNP) plans to launch a $100-million second fund next year.

Total assets under management (AuM) in Europe increased by ......................

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