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In the week ending November 10th 2023, HFR reported that macro hedge funds produced gains through the volatile month of October as volatility surged on a spike in geopolitical and interest rate risk, with equities and bonds exhibiting the same dangerous correlated declines as the prior month. The HFRI Macro (Asset Weighted) Index advanced +0.7 percent in October, the third consecutive month of positive performance, bringing the trailing three-month return to an impressive gain of +4.2 percent.

Overall, hedge funds posted mixed performance in the volatile month of October, as equities traded in a wide range, interest rates continued to rise on persistent inflation concerns, and geopolitical risks spiked with the outbreak of military conflict in Israel.

In new launches, Paul Singer's Elliott Investment Management is in talks to mop up as much as $7 billion from clients in one of its biggest capital raises - the hedge fund firm is seeking the new money to mainly tap stressed and distressed trading opportunities as companies grapple with higher interest rates, according to people with knowledge of the matter; A $111bn investment boutique owned by BNY Mellon is seeking seed capital from investors to enter the multi-manager hedge fund business dominated by the likes of US giants Citadel and Millennium, and Hong Kong-based Infini Capital Management launched a new multi-manager investment fund starting on Nov. 1, increasing hedge fund competition in the heated multi-manager battleground.

Meanwhile, Harvest Partners, an investment firm focused on leveraged buyout and growth capital investments in the middle market, has closed Harvest Partners IX (HP IX), a buyout fund, with $5.34 billion of commitments, excee......................

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