•  
• Tweet
•  
•  
•         Track Keywords
•  
• 

In the week ending October 06th 2023, HFR reported that new hedge fund launches surged through mid-2023 as managers shifted the strategic growth focus to aggressive expansion of inflation trading teams in multi-strategy funds designed for and positioned to trade volatility driven by rising rates and generational inflation. The estimated number of new hedge fund launches surged to 133 in 2Q23, bringing the 1H23 launch total to 226, according to the latest HFR Market Microstructure Report.

Meanwhile, hedge funds using computers to trade equities are expecting to start selling to the tune of $20 billion to $30 billion in the next two weeks given retreating stock markets, a UBS (UBSG.S) note seen by Reuters shows. Hedge funds using algorithms to follow market trends have turned neutral from bullish on stocks, the UBS note said. The bank anticipates as much as $30 billion of outflows will soon hit markets, potentially exacerbating the downward move in shares, as these hedge funds start selling stock to follow the recent negative performance.

In new launches, a group of Moore Capital Management traders led by Joeri Jacobs are spinning out to start their own $3bn hedge fund with backing from billionaire Louis Bacon's investment firm; Bobby Jain hired two veteran quants as he builds out complex, computer-driven capabilities for his new hedge fund firm, and Deus X Capital, a family office backed investment firm, launched today with Tim Grant as CEO, the company said in a statement.

Meanwhile, Canadian alternative investment firm Brookfield Asset Management has raised $12 billion for its latest flagship global private equity fund - the fund is larger than its predecessor vehicle, which closed in 201......................

To view our full article Click here