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In the week ending 03 October, 2014, the largest American-based hedge funds are controlling more assets than ever before: combined assets are at $1.675 trillion as of July 1, according to the just-released biannual survey published by Absolute Return magazine, a unit of HedgeFund Intelligence.

However, since January, 35% of the firms have lost assets, giving an overall six-month growth rate of 4.34%, the lowest in six years. Absolute Return’s biannual survey of U.S. hedge funds assets, the Billion Dollar Club, now includes 268 firms, each managing more than $1 billion, up from 262 in January.

Bill Ackman has raised a record $2.7bn for his hedge fund IPO that will start on trading on the Amsterdam stock exchange; GreenDust is in talks with several hedge funds, including Falcon Edge to raise over $100m in Series B funding; Raveneur Investment has received $150m from PAAMCO and is slated to receive $200m from Blackstone; Galena Asset has announced the final close of its first Private Equity Resources Fund with $400m of total committed and invested assets; and the South African hedge fund assets rose more than 27% in the 12 months through June.

Goldman Sachs has launched the Goldman Sachs Long Short Fund, which pursues high conviction investment ideas in global equity markets; Western & Southern is setting up its first international hedge fund and plans to fund it with $100m; Lansdowne Partners is to launch an energy-focused hedge fund; RBC Global Asset Management launched the new RBC Funds (Lux) - Asia Ex-Japan Fund; PVE Capital became the latest credit strategy to launch on the Sciens managed account platform; Tradex Global is planning to launch an all-weather absolute return strategy that aims......................

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