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In the week ending October 14th 2022, a media report revealed that the hedge funds that have managed to weather and outperform China's bumpy stock markets so far this year say betting on big-picture macroeconomic changes have helped them. One such fund is Stanley Tao's $230 million Golden Nest Greater China Fund. The hedge fund posted approximately a 2.4% net return for September, according to internal estimates, and is down 1.2% for the first nine months.

Meanwhile, Brazil's hedge-fund industry is diving deep into credit as higher interest rates attract investors and government-owned banks pull back on cheap, subsidized loans to corporations. However, One of Brazil's best-performing hedge funds - Vista Multiestrategia - posted a record monthly loss in September, stung by plunging oil prices and surging global rates.

In new launches, Coatue Management is raising its third fund to invest in early-stage startups, according to two people with knowledge of the firm's plans - the New York-based investment firm, one of the largest private tech investors, is aiming to raise $500 million by the end of the year for the early-stage fund; Alberto Gallo and Aditya Aney, who previously ran money for Algebris Investments, have started their own hedge fund betting that volatile markets will offer fertile hunting grounds for their trading strategy, and Millennium Management plans to invest several billion dollars in a new global stock hedge fund founded by alums from D. E. Shaw & Co. and Point72 Asset Management that is slated to open sometime next year.

Meanwhile, New York-based private-equity firm Veritas Capital closed its eighth flagship fund, Veritas Capital Fund VIII, at $10.7 billion; Los Angeles-based Hackman Capital Partners has $1.4 billion of commitments for its HCP ......................

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