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In the week ending June 16th 2023, eVestment said that April was another month of net outflows for the hedge fund industry , though as is frequently the case there are both negative and positive themes which make up the overall picture. In terms of continuing themes, the multi-strategy segment remains a leader, while redemptions continue within long/short equity, but it's where change is happening that defined April's significance. Within macro and managed futures is where the most short-term change is evident, while within the event driven space a new normal has been steadily unfolding. Investors removed an estimated net $11.57 billion from hedge funds in April. Performance accounted for an increase in assets. The result of both factors was a $8.41 billion increase in assets to an estimated $3.419 trillion.

In new launches, global private equity firm TA Associates has raised $16.5bn for its latest flagship vehicle , as it managed to overcome a difficult fundraising market and declining demand for buyout vehicles; European specialist credit investor Permira Credit has closed its fifth direct lending fund, Permira Credit Solutions Fund V (PCS5), at €4.2bn ($4.5bn), above its €4bn target, and New York City-headquartered private equity firm GrowthCurve Capital raised $1.4 billion for its inaugural fund with a focus on businesses at the intersection of AI, digital transformation, and human capital.

Meanwhile, following HSBC AM's UK Direct Lending team raised USD1.1 b......................

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