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In the week ending August 23rd 2024, a report revealed that hedge funds eked out positive performance for the month of July. According to new data from fund administrator Citco, hedge funds posted positive performance across two-thirds of fund strategies, with a weighted average return of 0.6% in July, an increase from 0.4% in the previous month. Asset flows to hedge funds also returned to positivity, with net inflows of $3.3 billion. Subscriptions reached $10 billion ahead of redemptions of $6.7 billion, taking net inflows year-to-date to $3.1 billion.

In new launches, Dubai-based Magellan Capital Holdings Ltd. is set to launch a $700 million multistrategy hedge fund next month that will rank among the largest debuts in the United Arab Emirates; Global private markets asset manager HarbourVest Partners raised $15.1 billion of investor commitments for Dover Street XI, its latest main fund dedicated to acquiring stakes in private-equity funds and subsets of funds, and a fund launched by AQR Capital Management LLC is about to give investors a taste of how well ESG can be combined with the goal of generating market-beating returns - The quant firm co-founded by hedge fund veteran Cliff Asness has now attracted about $350 million for its Adaptive ......................

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