Mon, Aug 19, 2019
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Opalesque Roundup: Hedge fund and private equity investors add social media menu: hedge fund news, week 31

In the week ending August 16th 2019, a new investor and operational due diligence (ODD) analyst survey revealed that investors shift focus to social media analysis during hedge fund and private equity background investigations.

In new launches, London-based emerging-markets investor Actis has wrapped up fundraising for its first longer-duration infrastructure fund; Rational Funds, a family of funds rooted in the investment philosophy of applying a rational approach to investing, announced the launch of the Rational Special Situations Income Fund (RFXIX), which utilizes an investment strategy primarily focused on non-agency residential mortgage backed securities, and Stockholm-headquartered asset manager Coeli Asset Management is launching a new climate-focused, market-neutral energy equity fund.

Further in new launches, Nordic private equity firm Niam has closed its seventh fund focused on real estate after achieving €1.1 billion in commitments, making it the largest of its kind in the region; 01VC, a Shanghai-based early-stage venture capital (VC) firm, has closed its $100-million second fund focusing on early-stage opportunities in China; US investment firm Driehaus Capital Management has launched a Ucits-compliant version of Citywire AAA-rated manager Jeff James' small-cap US equity fund, and A. Capital is looking to raise $140m for its third venture capital fundraise, matching the amount it was seeking for Fund II.

In performance news, multi-strategy hedge funds posted the highest return (+1.63%) for the month but, despite lacklustre gains in July, equity strategies funds remain the top performers (+9.59%) for the year so far; Hedge funds had another positive month in July, returning 0.44% according to the Barclay Hedge Fund Index, compiled by BarclayHedge, a division of Backstop Solutions

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