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In the week ending December 01st 2023, Citco said that the hedge funds saw performance dip once again in October, continuing the recent downward trend, with an overall weighted average return of -0.4% that matched September's figure, according to the fund administrator's latest report on hedge fund performance.

Meanwhile, investors pulled a net $7.6 billion from the hedge fund industry in October, particularly from low performing stock pickers as many of these funds failed to improve their performance from last year, Nasdaq research firm eVestment said on Wednesday.

In new launches, Samuel Tisch, a grandson of the late billionaire Larry Tisch is starting his own hedge fund after spending more than a decade at family friend Izzy Englander's Millennium Management; Canadian private capital group Brookfield has raised a record-sized $28bn infrastructure fund as institutional investors plough cash into strategies they expect will benefit from higher interest rates and a shift away from globalisation, and Pantheon, a pioneer in private equity secondaries, announced the successful closing of Pantheon Global Secondaries Fund VII (PGSF VII), its latest flagship global private equity secondaries offering, with commitments totaling $3.25bn, $1.25 billion above its target.

Meanwhile, Hines has exceeded its fundraising target of €1.5 billion ($1.63bn) in the final closing of the Hines European Value Fund 3 (HEVF 3), raising over €1.6 billion in equity commitments; The private-credit shop Star Mountain announced that it has closed its Value-Added Direct Lending Fund IV above its $750 million capital target, at approximately $......................

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