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In the week ending 03 July, 2015, PwC said that the alternative investment industry’s assets could grow to $13.6tln within the next five years. By 2020, alternatives and passive products together will represent 35% of assets managed by the industry. The separation between alpha and beta will accelerate as investors increase their investment allocation to passive products in search of low fees and broad beta market exposure. In some parts of the world, alternatives will move into the mainstream to the extent that "alternative" is no longer in common usage by 2020, says PwC. Total hedge fund assets increased 1.37% in May, bringing the industry’s total assets under management to $3.171tln; Qbasis Invest has attracted more than $200m from an investor aiming to cash in on fresh ructions in global markets; John Paulson lost millions on Greece and Puerto Rico; Wilbur Ross and Greenlight Capital are holding on to their Greek exposure; Coatue Management and Tiger Global led the $200m fund-raising for Singapore-based taxi-hailing app GrabTaxi; Horizon Capital has suspended withdrawals from its hedge fund as because it cannot fully assess the value of holdings amid Greek’s deepening debt woes; and Lucia Capital has announced that its flagship fund, the Multi-Strategy Growth and Income Fund has surpassed $200m in net assets. John Paulson announced the launch of his new fund that will bet on or against healthcare, pharmaceutical, technology and consumer stocks; Paulson also added he is in the early stages of preparing a new strategy, the Paulson European Event Equities Fund; James Chanos is raising money for two new hedge funds, the Kynikos Capital Partners and Kynikos Global Capital Partners; Ro...................... To view our full article Click here |
Alternative Market Briefing Weekly
Saturday, July 04, 2015
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