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In the week ending 29 July, 2018, Investors pulled about $3 billion from hedge funds in the second quarter, the first quarterly outflow since early 2017. Macro hedge funds led net outflows in the period, with $2.8 billion leaving the strategy. Blackstone Group reported $439.4 billion in assets under management as of June 30, a 2% dip from the quarter ended March 31; GAM Holding said its profits would suffer as it wrote off $59m of goodwill on its $217m acquisition of Cantab Capital; hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index declined 1.49% in July; TPG and Hellman & Friedman are increasing management fees on new -- and bigger -- funds they're seeking to raise; Mariner Investment Group announced the closing of a $511 million collateralized loan obligation; Carlyle Group is looking to raise a $4 billion fund for investing in oil and gas assets outside North America; and Low Carbon and Vitol announced the closing of VLC Renewables with EUR 200mln allocation. Fund of hedge funds are launching at a record pace in China even as their numbers dwindle globally; Ian Cadby and Jonathan Wauton have launched 'next generation' online wealth manager Tiller; SRI Capital has launched a $100 million technology focused fund for the American and Indian markets; BlueBay Asset has launched a diversified alternative credit fund; OP Management has partnered with Ansen Investment to launch Ansen Fund SPC; Erik Cetrulo is raising funds for a global macro discretionary hedge fund to launch in first quarter of 2019; and Eric Schlanger has launched District 2 Capital,which is focused on investments in distressed equities. The Bloomberg Hedge Fund Database Index declined 0.33% for the year and slid 0.64 percent in June; China funds fell 4.7% in June, pulling down aggregate emerging-...................... To view our full article Click here |
Alternative Market Briefing Weekly
Sunday, July 22, 2018
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