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In the week ending October 15th 2021, eVestment released their September 2021 hedge fund performance figures. Aggregate performance for the global hedge fund business dipped into negative territory in September, at -0.55%. This is only the second month this year the industry posted negative aggregate returns and just under 40% of funds eVestment tracks posted positive returns last month, the lowest level since September of last year. Year to date (YTD) hedge fund industry performance stands at +8.85%.

The Eurekahedge Hedge Fund Index was also down 0.33% in September 2021, outperforming the global equity market as represented by the MSCI ACWI (Local) which returned -3.55% over the same period. Concerns over rising inflation continue to weigh on markets with the Federal Reserve raising its inflation forecast for the year to 4.2%, up from the previous estimate of 3.4%, driven by supply chain bottlenecks and the developing energy crisis in Europe and China which has pushed energy prices up by 11.60% in September.

In new launches, Quant hedge fund firm Aspect Capital is raising money for a strategy that offers foreign clients access to Chinese markets at a time many of its peers are backing away from the country; Binance Smart Chain, a unit of crypto exchange Binance, said on Tuesday it had launched a $1 billion fund to help fast-track adoption of digital assets and blockchain technology, and Actis, a global investor in sustainable infrastructure, raised about $6 billion for a new fund to invest in power-generation projects across the world, particularly emerging markets.

Meanwhile, tech investor Francisco Partners......................

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