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In the week ending September 20th 2024, a study by law firm Seward & Kissel established managers of traditional hedge fund strategies continue to charge high management fees, compared to managers with bespoke strategies. As for the incentive fee, three-quarters of those managing traditional strategies charge one while none of the bespoke strategy managers do. The 2023 Seward & Kissel Established Manager Hedge Fund Study focuses on those clients who have been in business for at least five years and manage more than $1bn in regulatory assets under management (AUM).

In new launches, Britney Lam, head of long-short equities at the Dubai-based Magellan Capital Holdings, discusses the launch of a $700 million multi-strategy hedge fund set to be one of the largest debuts in the United Arab Emirates; BlackRock, Microsoft and United Arab Emirates state-backed investor MGX are partnering on a new artificial-intelligence infrastructure fund that aims to raise $30 billion to invest in data centers and related power infrastructure, and Global alternatives asset manager Intermediate Capital Group (ICG) has raised $17bn (€15.2bn) for the fifth vintage of its Senior Debt Partners (SDP) fund at the final close.

Meanwhile, New Catalyst......................

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