•  
• Tweet
•  
•  
•         Track Keywords
•  
• 

In the week ending March 08th 2024, HFR said that hedge funds surged through February led by Technology, AI and Cryptocurrency exposures, with these leading broad-based gains across all strategies and extending the industry's four month return to +8.75 percent, the strongest such return since the four-month period ending March 2021. The HFRI Fund Weighted Composite Index (FWC) leapt an estimated +2.5 percent in February, while the HFRI 500 FWC Index added +2.6 percent. Specialized cryptocurrency funds, which are separate from the HFRI Index, also surged with the HFR Cryptocurrency Index gaining +31.2 percent for the month.

In new launches a former partner at ValueAct Capital Management, one of Wall Street's best known activist investment firms, will start his own firm, according to people familiar with the matter, marking one of the most high profile activist firm launches in years; Silicon Valley venture capital giant Andreessen Horowitz is aiming to raise $6.9 billion from investors for a new collection of funds, including two focused on artificial intelligence, according to a person familiar with the matter, and Coryell Investment Management, which is being started by Phillip Zeigler, an Elliott Investment Management alumnus is planning a new event-driven fund focusing on the industrial economy, according to people with knowledge of the matter.

Meanwhile, Swedish global investment manager EQT has closed its second fund in a fortnight, collecting €3.6bn ($3.9bn) in total fee-generating commitments, including co-investments, for EQT Future; Grayscale Advisors, (GSA), an SEC-registered investment adviser, announced the launch of Grayscale Dynamic Income Fund (GDIF), the firm's first actively-managed crypt......................

To view our full article Click here