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Opalesque Roundup: Hedge funds down in April 2024: hedge fund news In the week ending May 24th 2024, Citco reported that in April, hedge funds experienced their first negative month of 2024, with nearly all strategy types seeing declines. Despite this setback, hedge funds maintain a positive outlook for the year, with a year-to-date (YTD) return of 6.5%, data has shown. The overall weighted average return fell to -0.7%, a drop from March's 2.2%. According to a report in Reuters, large global hedge funds extended their strong first quarter performance into April, despite it being a turbulent month for stock markets worldwide as they grapple with shifting monetary policy expectations. Ken Griffin's Citadel saw its Wellington Fund rise 2% in April, bringing its returns this year to 7.8%. Its other strategies, including a global equities strategy, also posted gains for April and the first four months, a source familiar with the matter said. In new launches, Lazard Asset Management has launched a Ucits fund designed to capture "independent inefficiencies" across the US small cap market; abrdn is closing its Multi-Asset Climate Solutions (MACS) fund after it failed to attract sufficient investor interest, according to people familiar with the matter, and crypto and blockchain-focused venture firm New Form Capital is returning to the fundraising market, seeking to raise a $100 million fund in the latest sign investors remain bullish on the once-beleaguered crypto sector. Meanwhile, U.S. investment giant Carlyle Group has raised 430 billion yen ($2.8 billion) for its fifth Japan buyout fund, its largest investment vehicle for Japan, despite a gloomy fundraising climate for private equity firms globally; Pan-European asset manager in private markets ...................... To view our full article Click here |
Alternative Market Briefing Weekly
Saturday, May 25, 2024
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