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Opalesque Roundup: 2023 could be a strong year for hedge funds, says abrdn : hedge fund news, week 08

In the week ending March 03rd 2023, global asset manager abrdn said that 2023 could be a strong year for hedge funds. The firm has released its first quarter hedge fund outlook and in it, suggests that discretionary macro strategies, merger arbitrage strategies, and relative value strategies could be well positioned for the current market environment. The outlook says that discretionary macro strategies in particular could do well given the variety of themes in the market right now including persistent inflation and rising rates.

Trend following hedge funds that outperformed rivals in 2022 will likely underperform this year, according to investors surveyed by BNP Paribas in a report published this week.

In performance news, the long-short firm Glenview Capital Management headed by Larry Robbins lost 1.6 percent in its flagship Glenview Capital Partners fund last month; The hedge fund Greenlight Capital headed by David Einhorn posted a strong 1.8 percent gain in February and is now up a slight 0.2 percent for the year, while Carl Icahn's private hedge fund was in the red again in 2022, after posting losses in each of the final three quarters of the year.

In new launches, hedge fund seeks to raise $500m to invest in football - football is continuing to find new ways to attract money, with a London-based hedge fund teaming up with a sports-focused investment bank to create a product that aims to profit from clubs trading players; Brookfield Asset Management Ltd. aims to raise about $20 billion for its second fund dedicated to investing in the global transition to clean energy from fossil fuels, according to people familiar with the matter, and Oaktree Capital is seeking to raise $10bn for a new fund that will help finance large p......................

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