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In the week ending August 5th 2022, Eurekahedge revealed that hedge fund industry AUM declined by $31.2bn in June, marking the steepest loss in AuM since March 2020, the start of the pandemic. 2022 has been an extremely challenging year for the hedge fund industry as AUM declined by $79bn in H1, driven by $37.7bn of performance-based decline and $41.1bn of net outflows. In performance news, the flagship convertible arbitrage strategy at Acme Century Capital Management was up 2.80% in June and is up 12.41% year to date, according to performance information reviewed by Opalesque; Brazilian hedge fund Vista Capital, which has trounced peers in 2022, is sticking to a bet on surging oil prices that drove a 54% return year-to-date while also piling into the nation's battered stocks, and Citadel's flagship fund improved 3% in July and is up 21% for the year as the market rebounded - performance at rivals like Millennium, ExodusPoint, and Balyasny lagged behind. Meanwhile, Glenview Capital Management got off to a strong start in the third quarter, posting double-digit gains in its two main funds - The hedge fund firm headed by Larry Robbins posted an 11.25 percent gain in July in its flagship Glenview Capital Partners fund; Bridgewater Associates' Pure Alpha II, or Pure Alpha 18 percent, posted an 8 percent loss last month, and Chase Coleman's hedge fund Tiger Global ended the second quarter nursing heavy losses amid a tech stock rout that has caused performance across one of the world's largest hedge funds to plummet - a long-only fund the firm manages ended the second quarter down 63.6 per cent after fees. In new launches, Apollo Global Management Inc. is launching $15 billion Apol...................... To view our full article Click here |
Alternative Market Briefing Weekly
Saturday, August 06, 2022
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