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In the week ending November 01st 2024, Citco stated that hedge funds posted their eighth consecutive month of positive returns. Year-to-date performance is +11.03% as of September 30th. Global Macro strategies achieved the highest weighted average return in Q3, at 5.25%, to give them a YTD weighted average return of 12.11%. Equity strategies also posted another quarter of gains at 3.79%, resulting in a weighted average return YTD of 15.14%, making them the top performer for the year so far.

In new launches, a new hedge fund spearheaded by consumer packaged goods veteran Clayton Christopher - called Asto Consumer Partners Fund LP - has raised almost $178 million of a planned $425 million, according to an SEC filing; Terrence Matthews, the former head of European credit at multistrategy hedge fund Centiva Capital, is striking out on his own, joining a string of spin-outs from pod shops that rely on teams of traders to make money, and American alternative investment management company Blackstone amassed about $22 billion of capital, including anticipated leverage, for a new semi-liquid US direct lending fund targeting institutional investors.

Meanwhile, Quantum Capital Group, the private capital provider to the global energy and energy transition industry, has rounded up more than $10 billion for funds and co-investments in the energy sector across multiple investment strategies; Berkshire Partners closed its latest fund, Berkshire Fund XI, with about $7.8 billion in capital commitments, making it ......................

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