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Alternative Market Briefing Weekly

Opalesque Roundup: 46% of large hedge fund managers saw 'material' AUM declines in 2018: hedge fund news, week 30

Sunday, August 11, 2019

In the week ending August 9th 2019, research from law firm Seward & Kissel showed that close to half - 46% - of the 200 largest hedge fund managers experienced a material decline in regulatory assets under management in 2018 compared to the prior year. The study also confirmed the notion that larger hedge fund advisers are generally much more institutionalized in their approach, and have built their businesses to withstand short-term marketplace cyclicality.

In new launches, KKR & Co. exceeded the $1 billion fundraising goal for its first Global Impact Fund, according to a person with knowledge of the matter; Pictet Asset Management has expanded its $10bn (£8.2bn) actively managed total return range with the launch of a long/short fund investing in global emerging market bonds, and Barings has closed its Barings European Private Loan Fund II to new investors after reaching €1.5 billion ($1.7bn) in capital commitments.

Further in new launches, CITIC Capital, the flagship alternative investment arm of Chinese financial conglomerate CITIC Group, said it raised $2.8 billion in its fourth China buyout fund to bolster its ability to cut more deals in the world's second-largest economy; New York-based venture Cavu Venture Partners has registered its latest flagship fund with the intention of raising up to $250m from investors; Menlo Park-based venture firm Lux Capital has raised more than $1bn for two new funds as it looks to continue investing in fringe technologies, and Hamilton Lane closed Hamilton Lane Strategic Opportunities Fund V, with more than $760m in commitments.

Swedish asset manager Handelsbanken Fonder is set to close its sustainable hedge fund Handelsbanken Hållbarhet Hedge, and hedge fund Hoplite Capital is returning money to outside clients after a period of sluggish returns, the firm's founder......................

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