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In the week ending October 27th 2023, HFR reported that hedge fund capital surpassed the $4 trillion milestone to begin the fourth quarter, with increases driven by macroeconomic uncertainty, including sharply increased interest rates, continued inflationary pressures and economic weakness, as well as geopolitical uncertainty, including military conflicts in Russia/Ukraine and the Middle East. Total hedge fund assets increased for the fourth consecutive quarter in 3Q 2023 as investors allocated new capital to Event Driven and Relative Value Arbitrage strategies, while paring allocations to Equity Hedge strategies.
Meanwhile, eVestment number put global hedge funds AUM at $3.455tn in September 2023. Investors removed an estimated net of $19.15 billion from hedge funds in September, while performance accounted for a slight increase in assets. The result of both factors was an $11.0 billion decrease in assets under management to an estimated $3.455 trillion, said a report by eVestment.
Hedge funds extended YTD gains through the volatile third quarter, with total global hedge fund capital rising to an estimated $4.0 trillion, a quarterly increase of nearly $53 billion, as reported today by HFR in the latest release of the HFR Global Hedge F...................... To view our full article Click here
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