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In the week ending September 11th 2020, a new research from KPMG and the Alternative Investment Management Association (AIMA) revealed that the COVID-19 experience has proven that hedge fund managers operations' and their ecosystems are robust and fully adaptable, even during the most severe of lockdowns. Hedge funds were also able to extend the recent performance surge in August, navigating a complex and volatile environment driven by the ongoing global pandemic, violent social unrest and protests across U.S. cities, and evolving uncertainty around the upcoming U.S. election. The HFRI Fund Weighted Composite Index (FWC) advanced +2.7 percent in August. The August gain puts the five-month return for the HFRI FWC to +15.4 percent, the strongest since the five-month period ending February 2000, and vaults the HFRI FWC index value to an all-time high of 15,093. In new launches, San Francisco, CA-based private investment firm GI Partners closed its inaugural Data Infrastructure Fund, which totaled $1.8 billion in commitments from a broad group of investors; Stellex Capital Management has soared to an impressive final close for its sophomore fundraise, beating its initial $1.25bn target to reach $1.775bn final close, and investment bank China Renaissance Capital's private equity fund "Huaxing New Economy Fund" officially announced that it has r...................... To view our full article Click here |
Alternative Market Briefing Weekly
Saturday, September 12, 2020
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