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In the week ending August 09th 26th 2024, hedge funds gained in July as recession fears mounted and volatility spiked into month-end, preceding a historic equity market drop to begin August. Geopolitical uncertainty hastened, and large cap technology equities posted steep declines. Gains in Event-Driven and Equity Hedge strategies led performance in July as the HFRI Fund Weighted Composite Index (FWC) advanced +0.8 percent for the month, according to data released today by HFR. The HFR Cryptocurrency Index surged an estimated +5.4 percent in July, increasing its YTD return to +32.1 percent.

Meanwhile, Japan-focused hedge funds face the steepest daily performance losses on Goldman Sachs' records, the bank said in a note on Monday, following a global stock rout sparked by a soft U.S. jobs report and last week's Bank of Japan rate hike. Monday's 12% slide in Japanese stocks led to "large performance" draw-downs for stock pickers trading on the fundamental values of company equities, said Goldman.

Incidentally, the global hedge fund market size is predicted to reach USD 6.5 Trillion by 2032 from USD 4.7 Trillion in 2022, at a CAGR of 3.3% between 2023 and 2032, as per the Acumen Research and Consulting. In recent years, the hedge fund industry has experienced notable growth and transformation within the broader banking and finance sector.

In new launches, a new digital asset hedge fund, MV Global Opportunity Fund SP, has been launched via CV5 Digital SPC - this fund employs a dynamic investment strategy aimed at achieving absolute returns within the evolving Web3 and blockchain theme; Emerging market corporate debt boutique Arkaim Advisors has announced its intention to launch a hedge f......................

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