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Alternative Market Briefing Weekly

Opalesque Roundup: Inflows and performance lift hedge fund AUM to over $3.4 trillion: hedge fund news, week 13

Saturday, April 03, 2021

In the week ending April 2nd 2021, eVestment Hedge Fund Asset Flows Report said that global hedge funds continued their strong start to 2021 with elevated asset flows in February. Positive flows for the industry in February have been the norm since 2009, but the $16.44 billion investors added to hedge funds last month, coupled with January's inflows, made this the best two-month start for the business since 2014. Strong performance in January and February was also a plus, bringing the hedge fund industry's overall AUM to $3.407 trillion.

Meanwhile, the HFM Long/Short Equity Composite is up 6.0% YTD through February 2021, overtaking the S&P 500 on a 12-month basis after another strong month. The HFM Managed Futures Composite Index was up 3.0% in February, after posting -0.2% in January, as the average CTA returned to positive territory YTD (2.8%).

In new launches, the world's largest asset manager BlackRock Inc. has raised $3 billion to invest in the private equity secondary market to expand its presence in illiquid alternative investments; Cerberus Capital Management has raised $2.8bn for its flagship global distressed real estate strategy fund, Cerberus Institutional Real Estate Partners V (CIREP V), and the alternative asset manager focused on sustainable real assets Vision Ridge Partners closed its latest sustainable real assets ......................

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