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Alternative Market Briefing Weekly

Opalesque Roundup: Hedge fund launches gain surprising momentum in H1 2019: hedge fund news, week 37

Saturday, September 28, 2019

In the week ending September 27th 2019, a study said that new hedge fund launches in H1 2019 have put the industry on pace to top the 561 launches from last year, which represented the lowest annual total for new funds since 2000.

However, investors redeemed an estimated $6.51 billion from the global hedge funds business in August 2019, bringing year-to-date (YTD) flows to a negative $63.61 billion.

Timing CTAs is notoriously challenging and monitoring their exposures provided a useful picture but has rarely been a reliable allocation method.

Further in new launches, Canadian private markets investor Northleaf Capital Partners has raised an additional US$1 billion in capital from Canadian, U.S., European and Asian investors across its global private markets program; Man GLG unveiled plans for its first US equity long-short strategy, to be run by Mike Corcell, and Berlin-based early-stage investor Project A announced their third fund of $197m, bringing its management assets up to EUR440 million.

Meanwhile, Wellington Management has launched a 'Universal Vision' fund, which is a global multi-factor equity fund with an ESG tilt; KKR, the alternative investment company whose name has long been synonymous with buyouts, weighs pivot towards tech with $300m Asia fund; Silver Spike Capital plans to raise between $500 million and $1 billion for a direct lending fund in the fourth quarter, followed by a private equity fund of the same size, and HSBC Global Asset ......................

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