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In the week ending January 6th 2023, HFR, a hedge fund research firm, said that new hedge fund launches in 3Q 2022 ticked lower than the prior quarter, reaching the lowest level since 4Q 2008 as investors navigated an uncertain and volatile tension between generational inflation and increased likelihood of an economic recession. The estimated number of new hedge fund launches decreased to only 71 in 3Q22, a decline from the estimated 80 launches in 2Q22, representing the lowest launch rate since only 56 new funds launched in 4Q 2008 at the depths of the Global Financial Crisis. The number of hedge fund liquidations also declined over the prior quarter, as an estimated 145 funds closed their doors in 3Q22, down from 156 fund liquidations in 2Q22. After an optimistic quarter, the confidence of hedge fund managers has dropped sharply. North American managers had the lowest confidence score, said a report. According to AIMA's fourth quarter hedge fund confidence index, the overall confidence score has fallen to 14.1, more than 10 points below the previous quarter and the lowest ever since the survey first launched in 2020. Here are Agecroft Partners' 14th annual predictions for the biggest trends in the hedge fund industry for 2023. In performance news, Neal Berger's Contrarian Macro Fund returned approximately 163% net in 2022, putting the fund in the upper hedge fund league globally; Kernow, a UK ...................... To view our full article Click here |
Alternative Market Briefing Weekly
Saturday, January 07, 2023
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