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In the week ending 07 August, 2015, reports said 25 high-quality new hedge fund launches in Asia pulled in as much as $5.32bn in capital. An increasing number of Asian fund managers recognize the attractions of alternative UCITS and are planning to launch more UCITS funds; Argos Investment Managers is set to launch a UCITS-compliant version of its Real Assets fund; and Advent Capital has launched the Advent Global Convertible Fund, a UCITS-regulated umbrella fund domiciled in Ireland.

In the U.S., Scott Bessent will leave Soros at the end of 2015 to launch his own hedge-fund firm with $2bn in assets; and American Century has expanded its liquid alternative capabilities and launched the AC Alternatives.

Preqin said that the hedge fund industry in New York is nearly three times the size of the industry in London with $1,024bn in assets; Melissa Mark-Viverito, Speaker of the New York City Council, called hedge funds vultures, but the city council has entrusted hedge funds with more than $2.2bn of the city’s $166bn in pension assets; Robert Mercer emerged as the top donor of Sen. Ted Cruz presidential ambition; and Canada’s largest money managers are joining the ranks of America’s shadow banks.

The Lyxor Hedge Fund Index was down last week (-0.8%) but remains in positive territory in July (0.7%); The HFRX Global Hedge Fund Index fell -0.03% (+1.24% YTD); The IQ Hedge Long/Short Index ......................

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