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In the week ending October 27th 2023, HFR reported that hedge fund capital surpassed the $4 trillion milestone to begin the fourth quarter, with increases driven by macroeconomic uncertainty, including sharply increased interest rates, continued inflationary pressures and economic weakness, as well as geopolitical uncertainty, including military conflicts in Russia/Ukraine and the Middle East. Total hedge fund assets increased for the fourth consecutive quarter in 3Q 2023 as investors allocated new capital to Event Driven and Relative Value Arbitrage strategies, while paring allocations to Equity Hedge strategies.

Meanwhile, eVestment number put global hedge funds AUM at $3.455tn in September 2023. Investors removed an estimated net of $19.15 billion from hedge funds in September, while performance accounted for a slight increase in assets. The result of both factors was an $11.0 billion decrease in assets under management to an estimated $3.455 trillion, said a report by eVestment.

Hedge funds extended YTD gains through the volatile third quarter, with total global hedge fund capital rising to an estimated $4.0 trillion, a quarterly increase of nearly $53 billion, as reported today by HFR in the latest release of the HFR Global Hedge Fund Industry Report.

In the meantime, global hedge funds are making a beeline to set up shop in India, a market long-shunned by international investors, tempted both by its growing depth and liquidity and its emergence as an alternative to investing in China.

In new launches, US hedge fund Saba Capital has been fundraising for a targeted $500m from investors for the launch of a fund that aims to take activist positions in UK investment trusts holding listed equity, Investment Wee......................

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