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In the week ending April 21st 2023, HFR reported that hedge funds gained through the volatile first quarter, as these risks complemented the ongoing macroeconomic risks associated with generational inflation, sharp increases in interest rates, and elevated geopolitical risk. Total global hedge fund capital rose to $3.88 trillion, a quarterly increase of over $50 billion. Investors allocated an estimated $9.1 billion in new capital to the hedge fund industry in 1Q 2023, the first quarter of net asset inflows since 1Q 2022. Meanwhile, hedge funds have emerged as some of the biggest winners from the global food price spike that followed Russia's invasion of Ukraine, with the world's 10 biggest hedge funds alone making profits estimated at nearly $2bn. Analysis of the profits of the top 10 hedge funds for the first quarter of last year shows they are likely to have made about $1.9bn from trading in two food commodities, grain and soya beans, in the run-up to and immediate aftermath of the invasion. In new launches, investment firm Diameter Capital Partners has raised $2.2 billion for a new fund aimed at taking advantage of credit-market dislocations; New York-based credit investor Diameter Capital Partners has reached a $2.2bn hard cap final close for its second Dislocation Fund, and European life science venture capital firm Forbion has raised €1.35bn ($1.5 billion) across a pair of new funds, bringing the total of funds under management to €3 billion. In the meantime, JP Morgan Growth Equity Partners, a private investment arm of JPMorgan Chase & Co focused on late-s...................... To view our full article Click here |
Alternative Market Briefing Weekly
Saturday, April 22, 2023
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