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In the week ending May 10th 2024, a report revealed that hedge funds advanced in April as equities declined, led by Macro strategies and the industry's largest funds, with the HFRI Macro Asset Weighted Index advancing +2.6 percent. Macro hedge funds extended their 1Q gains through April as financial markets pared 1Q advances on economic data showing persistent inflationary pressures, while managers and investors positioned for interest rates to remain elevated, reversing some of the optimism which had been priced in for multiple rate cuts in mid-2024.

Meanwhile, insights from a survey of global hedge fund firms indicate geopolitical and economic factors may be behind a potentially significant shift in investment and business strategy. In anticipation of the 2024 U.S. presidential election, as well as the expected continuation of a high interest rate environment, hedge fund leaders who participated in the survey said their firms are planning bold moves to mitigate risk and maximize alpha potential.

In new launches, tech-focused global alternative manager Silver Lake held a final close on Silver Lake Partners VII (SLP VII) at $20.5 billion in capital commitments, exceeding its prior flagship fund; Private equity firm TPG has raised has closed its eighth Asia focused private equity fund, TPG Asia VIII, as well as its first TPG Angelo Gordon Asian real estate funds, TPG AG Asia Realty Fund V and the TPG AG Japan Realty Value Fund. These are the first Gordon fund closes since the firm ......................

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