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Despite reports that institutional investors would be growing unsatisfied with hedge fund performance and increasingly skeptical of the quality of future returns, a host of new launches and asset raising successes were reported in the week ending 24 October, 2014. On aggregate, hedge funds raised an additional $18bn in assets in Q3 to $2.82tln as volatility rises. However in September, for the first time since 2013, hedge funds suffered asset outflows.

Meanwhile, the SS&C GlobeOp Forward Redemption Indicator fell 3.12% in October from 3.25% in September. Sears Holdings received an injection of $169 m from its CEO Edward Lampert’s hedge fund; Hugh Hendry’s Eclectica Asset saw its assets fall from more than $1bn to $440m in a year as a number of large investors have pulled out their money; global investors have been selling in the Eurozone noted UBS; Satori Capital raised some $190m from a dozen investors; and Darius Brawn is preparing to launch his own hedge fund next year for Endicott Group; Daniel Barach has launched a hedge fund in New York known as Turnaround Stocks

Former managers at Millennium Management, Ziff Brothers Investments, Carlyle Group and TPG-Axon Capital Management are starting hedge funds; Stephen Smethurst’s Zafiro Capital will launch its first fund in early November; Seth Rosen plans to start his own fund that will bet on rising and falling stocks across the globe; Ziad Tabet will start hedge fund firm Amakor Capital in London next year; Artemis is to launch two new U.S. funds on 27 October; Lee Ainslie’s Maverick Capital is launching a $50m venture-c......................

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