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Opalesque Roundup: UBS says hedge funds reputation intact despite $98bn pulled by investors: hedge fund news, week 05

Monday, February 03, 2020

In the week ending January 31th 2020, UBS analysts have argued that this does not indicate waning popularity, despite investors withdrew a net $98 billion from hedge funds in 2019, the largest outflows in three years. "Don't write off hedge funds just yet," - that's the message from UBS which says that reduced allocations to the asset class should not be viewed as a sign that their popularity is waning.

In new launches, Chicago litigation investment firm GLS Capital says it has raised $345 million for its inaugural litigation finance fund; New York-based private equity firm Kinderhook Industries has closed its sixth flagship fund Kinderhook Capital Fund VI surpassing the $1 billion mark at $1.11 billion, and Singapore-based digital asset platform has launched an institutional-grade bitcoin index fund in response to investor demand for controlled exposure to the high-yield potential of bitcoin globally.

Meanwhile, Arc70 Fund II reached its hard cap of $230 million in capital commitments, exceeding its initial ......................

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