The University of California’s investment fund is to stop making hedge fund allocations and will instead commit more of its capital to private credit investments, according to a report by Bloomberg.
Odey Asset Management, the London-based hedge fund firm founded by Crispin Odey, has reopened three funds which were soft closed in November 2022, including its flagship Odey European fund, according to a report by Financial News citing a letter sent to the firm's clients.
Angelo Gordon, a $53 billion alternative investment firm focused on credit and real estate investing, has expanded its distressed and corporate special situations platform by raising $1.3 billion the AG CSF2A (Annex) Dislocation Fund.
The South African hedge fund industry saw growth in assets under management of 30% in 2022 finishing the year with AUM of ZAR113.01 billion (£5.07bn), up from ZAR86.92 billion (£3.89bn) at the end of 2021, according to a report by IOL.
Digital asset investment products saw minor outflows totalling $2 million, according to the latest Digital Assets Fund Flows Weekly report from CoinShares, although this masks broader negative sentiment as the largest inflows were into short investment products.
Struggling money manager Janus Henderson is looking to hedge fund and private credit investments as part of a strategy to revive its fortunes having seen investors withdraw in the region of $130 billion of funds since 2017, according to a report by Bloomberg.
AIFs and UCITS saw net outflows of €278 billion in 2022, compared to net inflows of €888 billion in 2021, according to the latest monthly Investment Fund Industry Fact Sheet Net from the European Fund and Asset Management Association (EFAMA). Assets of European investment funds meanwhile, declined by 12.4%, to drop below the €20 trillion threshold.
The proportion of overall hedge fund assets attributed to hedge fund investments fell to the lowest level seen in five years at the end of 2022, according to a report by Reuters, citing research by Goldman Sachs.
Quant trading specialist DE Shaw & Co has closed its first dedicated private equity fund with more than $450 million in capital commitments, falling just sort of the fund's $500 million target, which was set a year ago, according to a report by Bloomberg.
US pension plans' aggregate hedge fund assets were lower as of the end of September 2022 than they were in the previous year earlier, in part due to difficult market conditions, but also because some funds cut their allocations in favour of alternative asset classes, according to a report by Pensions & Investment Online.