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In the week ending September 4th 2020, hedge fund assets under management (AUM) have risen in the second quarter of 2020, said Preqin. In a Q1 2020 rocked by poor performance and significant investor redemptions, industry AUM dipped below $3.5tn for the first time since Q4 2018. Fast-forward three months and AUM have returned above this threshold to stand at $3.58tn, after a recovery in performance in Q2 (+11.48%) offset Q1's net outflows. Meanwhile, Lyxor Peer Groups suggest hedge fund performance was up +0.5% in August, with CTAs underperforming (-1%) and Special Situations, Directional L/S Equity, Global Macro, and L/S Credit strategies outperforming (+0.6% to +1.6%). In new launches, Sweden's Brunswick Real Estate has launched a third senior debt fund with commitments of SEK12bn ($1.4 billion) to target sustainable properties; San Francisco, CA-based education technology venture capital firm Owl Ventures closed two new funds totaling $585 million, and Webster Equity Partners has set a $1 billion target for its first fund focused exclusively on the healthcare industry. Further in new launches, Asia-focused independent alternative investment firm PAG has reached the final close of its latest private debt fund, PAG Asia Loan Fund IV, at a hard-cap of $1.5 billion; Axa Investment Managers has bolstered €1.2bn impact fund range with the launch of the Axa WF Multi Asset Optimal Impact fund; L Catterton has raised roughly $3.7 billion for its ninth flagship fund; Muzinich & Co, a s...................... To view our full article Click here |
Alternative Market Briefing Weekly
Saturday, September 05, 2020
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