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In the week ending Dec. 8th 2023, HFR revealed that hedge fund performance jumped in November. Equity Hedge funds, which invest long and short across specialized sub-strategies, led November strategy performance, with Quantitative Directional, Technology, Fundamental Value, and Healthcare as top sub-strategy gains.

The HFRI 500 Equity Hedge Index jumped +4.3 percent (estimated) for the month, the strongest gain since February 2021, while the HFRI Equity Hedge (Total) Index also surged +4.1 percent.

Meanwhile, global hedge funds sold more than bought equities for a third consecutive week last week, dumping shares mainly in consumer staples and financials, a BofA Securities note about its clients flow trends.

And, trend-following hedge funds began December in bullish mood, buying U.S., European and Japan stocks, a prime brokerage note from JPMorgan (JPM.N) said.

In new launches, U.S. investment firm KKR & Co (KKR.N) is looking to raise up to $7 billion for its first global climate fund that seeks to invest in energy transition opportunities; Copenhagen Infrastructure Partners (CIP), the world's largest dedicated fund manager within greenfield renewable energy investments and a global leader in offshore wind is looking to raise $3 billion for a new fund focused on building renewable energy projects from scratch in emerging and middle-income countries, and Ares Management Corporation has raised $3.3bn for the ninth vintage of its real estate secondaries fund.

Meanwhile, European alternative investment manager Eurazeo has held a final close of its sixth direct lending fund with €2.3 ......................

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