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In the week ending 29 May, 2015, the mass affluent and HNW (high net worth) segment was estimated to represent 8% of the global population, but their assets account for more than 86% of liquid wealth. Their total liquid wealth may grow to nearly $100tln by the end of 2018. Traditional asset classes account for around two thirds of the average HNW portfolio, and alternative investments, are growing in popularity, according to a new white paper by DataMonitor Financial.

Some 92% of hedge fund industry capital is concentrated among the top 11% of fund managers; eVestment reported that hedge funds assets increased by 0.71% in April to $3.125tln; alternative investments assets rose 19% in 2014; Blue Sky Alternative has attracted strong interest for its second venture capital fund, receiving commitments for around $20m; and alternative-focused mutual fund firm Catalyst Funds has surpassed $2bn in assets under management.

Alvaro Ventosa to launch an energy and infrastructure long/short equity hedge fund this summer; BMO Global Asset launched a multi-stratey ’40 Act fund; Appaloosa Management’s Eric Cole is planning to start a hedge fund with the backing of David Tepper; and Quantmetrics Capital has launched on 4th May a UCITS version of its successful Quantmetrics Multi Strategy Fund on the Alpha UCITS Platfor......................

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