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In the week ending May 26th 2023, a study revealed that hedge fund capital extended the year-end surge, rising to a historic $4.3 trillion milestone in 1Q24 on strong performance and investor inflows, with managers navigating a complex environment on improving economic outlook and acceleration of M&A concurrent with unprecedented geopolitical risks, including ongoing and potential military conflicts as well as inflation, interest rate and macroeconomic uncertainty.

Hedge funds performed well in the first quarter posting the highest returns since the end of the pandemic - funds administered by Citco posted a weighted average return of 7.3% overall in Q1, building on the strong performance seen throughout much of 2023. Equity funds were the top performers, with a weighted average return of 8.49%, followed by Multi-Strategy funds at 7.59%, and Event Driven funds which came in at 4.03%. All other strategy types were also positive, with Fixed Income Arbitrage, Commodities and Global Macro funds at 3.49%, 2.75% and 2.58% respectively.

Meanwhile, computer-driven hedge funds that bet on trends in financial markets are enjoying strong returns as bets on soaring cocoa prices and a sinking Japanese yen have borne fruit - quantitative funds have gained 12 per cent for the year to the end of March

In new launches, consultant and asset manager Mercer has wrapped up fundraising for its seventh fund with nearly $4 billion in commitments; Houston-based private equity firm Sterling Group has closed its latest fu......................

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