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Opalesque Roundup: Global hedge fund capital hits $4.46tn: hedge fund news

In the week ending October 25th 2024, HFR reported that hedge fund capital rose to a fourth consecutive quarterly record as the combination of election and geopolitical risks, which have dominated financial market performance throughout 2024, accelerated into 4Q with the US election only weeks away. Total global hedge fund capital increased to an estimated $4.46 trillion, an increase of $148 billion over the prior quarter on new investor inflows of $15.86 billion, as investors positioned not only for the election and geopolitical risks, but for powerful trends in falling inflation/interest rates, technology, energy, cryptocurrencies and M&A.

The Alternative Investment Management Association (AIMA), in partnership with law firms Simmons & Simmons and Seward and Kissel, have just issued the 16th quarterly Hedge Fund Confidence Index (HFCI), which provides a snapshot of hedge fund managers' confidence in their economic prospects for the coming 12 months. The revival of confidence was present across both larger hedge fund managers (managing more than $1bn) and their smaller peers, but Q3 tends to be the quarter with the highest average confidence score. According to the report, this quarter's revival in confidence was supported by smaller hedge fund managers of various strategies and larger by long-short equity and global macro hedge funds. Smaller hedge fund managers' average score increased by +7.5, hitting +20.5, a near-record high.

In new launches, Izzy Englander's Millennium Management aimed to raise as much as $10 billion of new capital for its hedge fund. It turns out investors wanted to fork over twice that amount; Freddie Sizer......................

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