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In the week ending September 06th 2024, JPMorgan said in a prime brokerage research note that global hedge funds posted positive returns in August even as the unwind in popular yen carry trades whipsawed markets, according to bank research and sources familiar with the funds' performance. Hedge funds posted an average 1.3% return for the month.

Walleye Capital and other multistrategy hedge funds produced steady returns last month despite whiplash in global markets and speculation about a possible US recession. Citadel's flagship hedge fund Wellington was up roughly 1% in August, a source familiar with the matter said, in a month which started with a brutal sell-off in equities.

In new launches, hedge fund manager Philip King's Regal Partners Ltd. is targeting around $1 billion in fresh funds for a new vehicle in the Cayman Islands as it pushes ahead with its expansion plans; Alan Howard, the British hedge-fund billionaire, isn't the only crypto advocate in the family - his son, Daniel Howard, and a colleague have raised $25 million for a new venture-capital fund that will focus on the digital-asset sector, and New York-headquartered buyout shop Veritas Capital is seeking at least $13 billion for its latest flagship

Meanwhile, BlueCrest Capital Management has launched a new currency trading platform called BlueX, joining a market that has rapidly expanded in recent years; RBC Global Asset Management Inc. has completed the second close for it......................

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