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Opalesque Roundup: Equity strategies were the top performing hedge funds category in November: hedge fund news

In the week ending December 27th 2024, Citco said that hedge funds had overall weighted average return of 2.4% in November. That brings overall weighted average year to date returns to 13.3%. Equity strategies were the top performing category of funds in November, with a weighted average return of 3.4%, making it seven straight months of positive returns. Next were Global Macro strategies which achieved a weighted average return of 2.6%, followed by Multi-Strategy at 2%, and Fixed Income Arbitrage at 0.7%, while Commodities strategies came in at 0.3%.

Merger-arbitrage investors are eager to turn the page on 2024, as they bet that the incoming administration of President-elect Donald Trump will revive the battered strategy after a year filled with deal delays and busts.

In new launches, XGEN Venture, a leading venture capital firm specializing in life sciences investments, has closed its latest life sciences fund on €180 million; Nordic Capital, a sector-specialist private equity investor, has closed its second mid-market fund at a hard cap of €2 billion ($2.09bn), beating its target of €1.4 billion, and the Swiss-based Hashgraph Group has secured a fund management license from the Abu Dhabi Global Market (ADGM) in the United Arab Emirates.

Meanwhile, European infrastructure investment firm Marguerite has reached the final close of its third infrastructure fund, securing total commitments of over €700m ($728m), and early-stage venture capital firm Stellaris Venture Partners has closed its seco......................

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