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Alternative Market Briefing

Opalesque Roundup: Hedge funds keep rejuvenating with more launches than liquidations: hedge fund news, week 39

Monday, October 04, 2021

In the week ending October 1st 2021, according to the latest HFR Market Microstructure Report, new hedge fund launches remained steady through mid-2021. Launches in the trailing four quarters totaled 695 new funds, a total which tops calendar year totals for the past three years dating back to 2017 when 735 funds launched. Fund liquidations also modestly declined in 2Q21 to 149, the lowest total since 137 funds closed in 3Q20 but also marking a decline of over 50 percent from the 304 liquidations in 1Q20.

Meanwhile, a report by Eurekahedge said that hedge fund managers ended the month of August up 0.78% on an equal-weighted basis, and up 0.25% on an asset-weighted basis. Global markets were buoyed by a rise in investor risk appetite due to the continuation of highly accommodative monetary policies and the dovish comments made by Federal Reserve chairman Jerome Powell during the Jackson Hole symposium.

The global hedge fund business continues to set, then break, new overall AUM records as investors pour more money into hedge funds and performance gains bolster industry AUM further. Accordin......................

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