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In the week ending May 28th 2021, HFM reported that April gains fortify a strong six months for multi-strategy: The average multi-strategy hedge fund gained 1.3% in April as multi-discipline managers continued to build a strong six months following a challenging start to the pandemic period. HFM's Multi-strategy Composite Index currently leads the global composite YTD (7.5% to 7.4%) and on a three-year annualised basis (8.6% to 8.2%) but trails over 12 months (24.6% to 25.9%). Investors allocated a further $10.93bn to the asset class, which, in tandem with the Preqin All-Strategies Hedge Fund benchmark return of +6.89%, generated a $150bn increase in AUM; a 3.8% increase since the end of 2020 overall Meanwhile, the total assets under management (AUM) of hedge funds globally surged to an all-time high of $4,146bn as of the end of Q1 2021. According to a Preqin report, the strong return in Q1 2021 marked the best first-quarter performance since 2006 - the sixth-best first-quarter return ever recorded - and the third consecutive quarter of inflows. Chinese Long/Short Equity Hedge funds outperformed American hedge funds - the funds focusing on the United States had negative cumulative returns throughout 2020 reaching only a positive return of only +1.46% by the end of the year. In new launches, Blackstone Group, the world's largest hedge fund investor, is committing $150 million in start-up capital to a hedge fund run by a former senior executive at Lone Star Funds, two sources familiar with the matter said; Global fund manager DIF Capital Partners has raised €1.01bn ($1.2bn ) for its latest core infrastructure fund, and Asteria Investment Managers has launched a new social impact Ucits fund. Meanwhile, B...................... To view our full article Click here |
Alternative Market Briefing Weekly
Sunday, May 30, 2021
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