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In the week ending 17 October, 2014, Blackstone Group said that its assets rose by 15% YTD as at end September 30 bringing its total assets under management to $284bn; Man Group assets rose 25% to $72.3bn in Q3 from $57.7bn; Fortress Investment Group is seeking about $4.3bn to buy distressed credit around the world. Hedge fund managers now need between $100m and $150m in assets if they are to break-even amid growing regulatory scrutiny; the aggregate global household wealth rose by 8.3% in current dollar terms to $263tln from mid-2013 to mid-2014; David Einhorn plans to raise money for the first time in more than two years to take advantage of recent market turmoil; eVestment's September and Q3 2014 Hedge Fund Asset Flows Report identifies a variety of outflow trends in the industry; and Village Capital is seeking to raise 10 billion yen ($94m) by the end of 2015 for a new Japan-focused hedge fund. Purpose Investments launched two new alternative investment funds, Purpose Multi-Strategy Market Neutral Fund (PMM) and Purpose Enhanced US Equity Fund (PEU) & (PEUB); AQR Funds filed a prospectus for the launch of two alternative mutual funds back in July; Scott Malpass created a fund aimed at Catholic endowments; Quantopian raises $15m to launch a new quant hedge fund; and Carson Block said that he is seriously considering launching a hedge fund investment firm. Hall Commodities is closing due to poor performance amid a 25 percent slide in the Brent crude price since June. The Credit Suisse Hedge Fund Index was down 0.01% in September, +3.41% YTD; The Newedge CTA Index was up 1.92% (+6.02% YTD); The SS&C GlobeOp Hedge Fund Performance Index for September measured 0.24...................... To view our full article Click here |
Alternative Market Briefing Weekly
Saturday, October 18, 2014
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