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Alternative Market Briefing Weekly

Opalesque Roundup: Hedge funds rake in $18.3bn of new inflows from allocators during July: hedge fund news, week 38

Saturday, September 25, 2021

In the week ending September 24, 2021, a report by BarclayHedge revealed that global hedge fund industry assets have surged to USD4.4 trillion, with hedge funds raking in USD18.3 billion of new inflows from allocators during July, as managers scored a USD7.3 billion trading profit for the month. "A $7.3 billion trading profit for the month brought total hedge funds assets to more than $4.40 trillion as July ended," BarclayHedge said. According to the Barclay Fund Flow Indicator published by BarclayHedge, the hedge fund industry continued adding to assets in July with $18.3 billion in inflows and the month's inflows represented 0.4% of industry assets.

Hedge fund managers were up 0.76% in August, trailing behind the global equity market as represented by the MSCI ACWI (Local) which gained 2.45% during the month. In terms of 2021 performance, global hedge funds were up 8.54%, recording the strongest August year-to-date return since 2009 despite the ongoing pandemic. Around 79.8% of the constituents of the Eurekahedge Hedge Fund Index generated positive returns in 2021.

In new launches, Nidhi Chadda-led Enzo Advisors is preparing to launch a new fund early next year built on their ESG investing and advisory experience; Los Angeles-based private equity firm Levine Leichtman Capital Partners (LLCP) closed its latest buyout fund, LLCP Lower Middle Market Fund III (LMM III), at its increased hard cap of $1.38 billion, and Dallas-based property investor Crow Holdings has ......................

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