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In the week ending March 05th, 2021, data provider Preqin said that hedge funds assets under management (AUM) grew to just shy of $4tn in Q4 2020, mainly driven by performance. AUM rose $299bn from the end of Q3, marking 9.3% growth since the end of 2019 and reaching an all-time high of $3,995bn.

Hedge funds also started 2021 strongly outperforming the global equity market amidst the turbulence in retail trading resulting in a risk-off environment, said Eurekahedge. Hedge fund managers returned 1.00% in January 2021, outperforming the global equity market as measured by the MSCI ACWI (Local) which returned 0.11%.

Meawhile, a sharp spike in bond yields last week caught some hedge funds unaware, and saw macro and long-short funds in general give back February profits to end the month modestly up, several market participants said.

In new launches, the global early-stage venture capital firm Bessemer Venture Partners announced the close of two new funds totaling $3.3 billion, money that it will be used to back early-stage startups as well as growth rounds for more mature companies; European life sciences venture capital firm Sofinnova Partners has announced the closing of their oversubscribed late-stage healthcare crossover fund at €445 Million ($540m), and Avista Capital Partners, a New York-based healthcare private equity firm, announced the final closing of Avista Capital Partners V, L.P. and Avista Capital Partners (Offshore) V.

Further in new launches, Atalaya Capital M......................

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