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In the week ending August 25th 2023, a report in FT said that hedge funds that try to make money by betting on prevailing trends in global markets are struggling to repeat their bumper 2022 as violent swings in asset prices and rapid shifts in investors' interest rate expectations throw them off balance.

So-called commodity trading advisers (CTAs), including Leda Braga's Systematica and Stockholm-based Lynx Asset Management, have posted losses of close to 10 per cent year to date, according to numbers seen by the Financial Times, while others have struggled to make money.

Meanwhile, hedge funds gained ground in the second quarter of 2023 and have stayed in positive territory since early January, Preqin said in a note in the week that was. However, investors who had held a basket of developed countries' equities in a conventional fund would have achieved more than double this performance.

In new launches, Hayfin Capital Management, an alternative asset management firm, has raised over €6 billion (about $6.5 billion) for Hayfin Direct Lending Fund IV; American alternative investment management company Blackstone drew $5.2 billion for the fourth flagship commingled fund in its tactical opportunities business that seeks plays outside of traditional private equity and credit, and Insight Partners is set on a $15 billion hard-cap for its 13th tech-focused venture fund, sources said, as the firm navigates a brutal fundraising market.

Meanwhile, Lexington Partners is raising its sixth fund dedicated to buying businesses in partnership with buyout firms when many investors are stepping back from the market, and LGT Capital Partners has raised more than $3 billion for its latest secondaries flagship, which is already we......................

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