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In the week ending August 11th 2023, a study revealed that the hedge fund industry by assets under management value is expected to grow from USD 4.60 trillion in 2023 to USD 5.37 trillion by 2028, at a CAGR of 3.14% during the forecast period (2023-2028). According to the Reportlinker.com report, the total value of assets managed by hedge funds worldwide reached around USD 4.53 trillion in 2021. 21% of hedge funds surveyed invested in digital assets. Along with increased regulatory clarity and sound operational practices, and expected hedge funds to increase their investment in this asset class, 31% of hedge fund managers plan to add cryptocurrency to their portfolios within the next two years.

Hedge funds extended their June performance surge through July, once again led by Technology, AI and Growth, with gains in these areas complemented by Shareholder Activist, Financials and Commodity sub-strategies as many U.S. companies posted better than expected earnings, the U.S. Fed raised interest rates while inflationary pressures showed additional signs of easing. The investable HFRI 500 Fund Weighted Composite Index advanced +1.7 percent (estimated) in July, following the strongest monthly gain since February 2021 in June, according to data released today by HFR.

Meanwhile, June marked the 13th consecutive monthly net outflow for the hedge fund industry, said eVestment. Compared to prior Junes' data, however, the redemptions in June 2023 were relatively light and what inflows the industry did see during the month were less concentrated, which is a generally positive theme.

In performance new......................

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