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In the week ending June 12th 2020, Eurekahedge said that hedge fund managers were up 2.16% in May, reducing their year-to-date loss to 2.53%. Market optimism towards the resumption of economic activities and supportive monetary and fiscal policies boosted the performance of risk assets during the month.

Stock markets carried April's momentum into May and hedge funds were among the beneficiaries posting a 2.71% monthly return, according to the Barclay Hedge Fund Index

In new launches, Canadian alternative money manager InstarAGF Asset Management closed its flagship infrastructure fund InstarAGF Essential Infrastructure II at $1.2 billion; Balbec Capital, LP, a global alternative asset manager with expertise sourcing and investing in bankrupt and insolvent credit, has completed the final close of InSolve Global Credit Fund IV, with total commitments of approximately $1.2 billion, and the New York-based hedge fund Taconic Capital Advisors is planning to start its third European fund focused on distressed debt as the coronavirus pandemic dents the earnings of companies across the region.

Meanwhile, billionaire investor William Ackman's hedge fund Pershing Square Capital Management has filed confidentially with U.S. regulators for an initial public offering (IPO) of a blank-check investment vehicle that could raise more than $1 billion and be the biggest of its kind; Billionaire Dan Loeb's Third Point is seeking to raise more than $500 million for a new hedge fund to wager on structured cred......................

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