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In the week ending September 15th 2023, HFR reported that hedge funds posted mixed strategy performance in the volatile month of August as inflationary pressures remained persistent, interest rates increased, and equities declined. The HFRI Fund Weighted Composite Index (FWC) fell -0.5 percent for the month, as gains in Event Driven and Relative Value Arbitrage strategies were offset by declines in Equity Hedge and Macro.

The investable HFRI 500 Fund Weighted Composite Index declined an estimated -1.1 percent in August, according to data released today by HFR, the established global leader in the indexation, analysis and research of the global hedge fund industry. Larger funds outperformed smaller funds for the month, with the HFRI Asset Weighted Index posting a narrow decline of -0.14 percent, while the HFRI Institutional Fund Weighted Composite Index produced a similar decline of -0.19 percent.

In new launches, former Elliott Investment Management investor Leo Markel will launch a London-based fund called Finch Bay Capital in the first quarter of 2024 and expects to raise $500 million by the end of that year; Global alternative investment firm H.I.G. Capital raised $6 billion for its latest middle-market leveraged buyout fund, a figure that includes $450 million of co-investment capital, exceeding its original target; Verdane Capital Advisors has raised €1.1 billion ($1.2 billion) for its latest fund, almost doubling the size of its previous vehicle, and Janus Henderson has launched the Global Life Sciences Equity Fund.

Meanwhile, Colesco has launched a new direct lending platform to support leading European mid-market businesses in realising their sustainable growth ambitions; Formidium Corp, a global financial......................

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