•  
• Tweet
•  
•  
•         Track Keywords
•  
• 

In the week ending February 09th 2024, the HFRI reported that hedge funds extended recent performance gains to begin 2024, with strong contributions from fixed income-based strategies as geopolitical risks continued to escalate, adding active conflicts in Yemen and the Red Sea to the ongoing conflicts in Ukraine and Israel.

Gains were seen across a wide range of strategies and sub-strategies as investors and managers positioned for interest rates to remain elevated through early 2024, as US economic data continued to show strength and resilience. The HFRI Fund Weighted Composite Index (FWC) advanced an estimated +0.28 percent for the month, while the HFRI 500 FWC Index added +0.24 percent.

Meanwhile, over the long term, Hedge Funds have captured more market upside than downside and heading into 2024, investor sentiment appears positive. Barclays team surveyed 300+ investors representing $7.5 trillion in assets under management to determine their plans for this year.

More than $100 billion was withdrawn from hedge funds in 2023, following similar outflows in 2022 as investors tired of strategies that have been underperforming the market for several years.

In new launches, billionaire hedge fund manager William Ackman is launching a new investment portfolio in the U.S., according to a regulatory filing which suggests the fund will mimic his existing hedge fund but offering lower fees and quicker access to capital; Former JPMorgan Chase & Co. Chief Investment Officer Matt Cherwin and Derek Goodman, an alumnus of Autonomy Capital, are teaming up to start a multistrategy hedge fund, and Coatue Management LLC managing director Aaron Weiner is leaving the firm to start a new hedge fund.

Meanwhile, Blackstone Inc. has agreed to back a new Asia-focused hedge fund headed by a former executive at Millennium Management, in ......................

To view our full article Click here