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Alternative Market Briefing Weekly

Opalesque Roundup: Hedge funds' actively managed strategies attract investors: hedge fund news, week 45

Saturday, November 27, 2021

In the week ending November 26th 2021, a study pointed out that although private equity has continued to outpace investor expectations by a wide margin, hedge funds' actively managed strategies proved attractive to investors, helping them to end several years of mixed performance and outperform investor expectations - as such, allocations to hedge funds (28%) and private equity (27%) are now on par.

Meanwhile, hedge fund performance was broadly positive in October, with slightly tighter dispersion than was observed in September - strategies with higher beta to equities benefited from the strongest month so far this year for global equity markets.

In new launches, Energy investor Lime Rock Partners has closed its latest continuation fund on $203 million - the fund has acquired assets formerly owned by Lime Rock Partners VI, L.P., a 2012 vintage fund; American alternative investment management company Blackstone announced the final close of Blackstone Strategic Capital Holdings II (BSCH II) at $5.6 billion, while Bridgewater Associates LP has raised the equivalent of $1.25 billion for its third investment fund in China, according to a person familiar with the matter, catapulting the hedge-fund firm into the ranks of the biggest foreign managers of private funds in the world's second-largest economy.

Meanwhile, Morrison & Co has raised more than US$3bn (€2.7bn) in commitments and co-investment from Australian superannuation funds and existing investors for a new open-ended global infrastructure fund; Future of industry investor Eclipse Ventures has taken its 2021 fundraising to more than $1bn through the final close of ......................

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