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In the week ending March 28th 2024, HFR reported that the new hedge fund launches fell while liquidations were steady in 4Q to conclude 2023 as managers positioned for falling inflation and an improving economic outlook, albeit with geopolitical risk rising to historic levels. The estimated number of new hedge fund launches in 4Q23 fell to 85, the lowest since 3Q22, though bringing the total number of estimated launches to 438 funds for 2023, according to the latest HFR Market Microstructure Report Meanwhile, systematic and trend-following hedge funds are the top performers so far this year. Many of these investors, often called commodity trading advisors, or CTAs, posted strong gains in February and have posted double-digit jumps through the first two months of the year - albeit after several suffered through a rough 2023. A study revealed that the US hedge fund market size is estimated to grow by USD 662.74 bn from 2024-2028. According to Technavio, the market is estimated to grow at a CAGR of 7.9% during the forecast period. In new launches, Astignes Capital Asia Pte is opening the new Astignes Systematic RV Macro Fund to outside investors starting in April, seeking potentially hundreds of millions of dollars, said people with knowledge of the matter; Percheron Capital has closed its second fund at the $1.55bn hard cap - the fund was oversubscribed and significantly larger than the firm's debut fund which closed at $770 million in September 2021; HSBC announced a US$1 billion Asean Growth Fund in six of the fastest growth countries in Asean, to help scale up platform players in the region's booming digit...................... To view our full article Click here |
Alternative Market Briefing Weekly
Saturday, March 30, 2024
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