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In the week ending 29 August, 2014, eVestment said total assets in hedge funds declined in July, dropping 0.49% to $3.017tln; the hedge fund industry consolidated last year (2013) with the number of funds falling by around a tenth from 2012 but assets under management rose to $2.6tln; private wealth poured money into hedge funds as assets reached $2.9tln, according to Preqin; Hutchin Hill Capital and Citadel are looking to increase their assets this year from pension funds; and alternative funds bucked the low-cost trend.

American Beacon Advisors launched the American Beacon AHL Managed Futures Strategy Fund; Ashok Jacob launched a new high-conviction global equities fund; Context Asset Management has filed for its second fund the Context Macro Opportunities fund; MJ Hudson has launched in Hong Kong to be led by new lateral partner Simon Fraser; and Gam has launched a Dublin-domiciled UCITs fund investing in U.S. mortgage-backed securities.

The Parker FX Index was up +0.82% in July (-0.57% YTD).

Hedge funds investing in India have become the world’s best performers this year; Lyxor AM said most hedge funds and CTAs posted positive returns last week as the markets started their rebound and progressively recouped their losses; HFR reported that emerging markets hedge funds navigated turmoil and uncertainty to produce strong gains; Bill Ackman gained 30% from his bets in Burger King and Herbalife; and Balyasny Asset Management posted dull returns in July.

Australia's Blue Sky reported a $6.24m profit and 69% revenue growth for the full year ending 30 June 2014.

Leucadia National is seeding $400m in Folger Hill Asset Management; and Blackstone Group is in ta......................

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