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Alternative Market Briefing

Opalesque Roundup: CTA/managed futures top-performing strategy in September with 1.5% gains: hedge fund news, week 38

Monday, October 24, 2022

In the week ending October 21st 2022, Eurekahedge reported that the Eurekahedge Hedge Fund Index fell 2.1% in September. Despite the loss, hedge funds offered some protection against a volatile market backdrop that saw the S&P 500 decline 9.3%. CTA/managed futures was the top-performing strategy in September with gains of 1.5%, its second consecutive positive monthly return. Q3 returns now stand at 8.8%. These funds have successfully capitalized on the economic turbulence caused by rising inflation, a stronger dollar, and declining equity and bond markets to generate superior returns.

As a result of the volatility and positioning for generational inflation and increased likelihood of an economic recession, institutional investors withdrew an estimated $26.0 billion from hedge funds in 3Q 2022, as reported by HFR, in the latest release of the HFR Global Hedge Fund Industry Report.

In new launches, Blue Owl Capital Inc.'s Dyal Capital unit is on track to raise its largest ever fund at nearly $13 billion, according to people familiar with the plan; Mudrick Capital Management is raising money for a new drawdown fund. The distressed debt specialist, founded by Jason Mudrick, is seeking to bring in between $800 m......................

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