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Alternative Market Briefing Weekly

Opalesque Roundup: Hedge fund capital surpasses $4tn: hedge fund news

Saturday, January 27, 2024

In the week ending Jamuary 26th, 2024, the latest release of the HFR Global Hedge Fund Industry Report said that hedge fund capital surged beyond the historic $4 trillion milestone to begin 2024, with investors remaining focused on inflation, higher interest rates, and macroeconomic uncertainty, but increasingly much more focused on uncertain geopolitical risk and acceleration in M&A. Total hedge fund assets increased for the fifth consecutive quarter in 4Q 2023, rising to an estimated $4.11 trillion, representing a quarterly increase of over $112 billion.

According to data compiled by the hedge fund research company Eurekahedge, nearly all hedge fund strategies delivered strong returns in 2023. As at 22 January 2023, 1780 funds reported to Eurekahedge their returns for the entire year of 2023, and such data provided insightful remarks on the industry's performance for the year. All strategies with a focus on equity market had positive returns for 2023, a remarkable change of fortunes compared to 2023 when nearly all strategies had negative returns.

In new launches, Glen Kacher's Light Street Capital Management plans to start a new hedge fund focused on technology-hardware companies; Catalyst Capital Advisors, a provider of alternative investment solutions, and Aspect Capital, a systematic investment manager providing diversifying investment solutions to investors for 25 years, have launched a new mutual fund that puts a new spin on the traditional 60/40 investment strategy, and European private debt investor Arcmont Asset Management has held a final close of its ......................

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