TOP STORY: New hedge fund launches were on the rise in Q4 2022 as the industry headed into 2023, with 96 funds making their debut, rising from 71, the lowest level since Q4 2008, in the prior quarter, according to the latest HFR Market Microstructure Report.
After eleven straight months of redemptions, hedge fund industry flows reversed course in January as the industry posted $3.94 billion worth of net inflows, equivalent to about 8 basis points in asset growth, according to the Barclay Fund Flow Indicator published by Backstop-BarclayHedge.
Schuss Capital, a New York-based hedge fund that specialising in arbitrage strategies, has launched a new fund, with a target of $300 million, which will employ a small-cap merger arbitrage strategy.
New York-based hedge fund firm Mass Ave Global, has written to investors informing them that it has decided to liquidate its China and Asia-focused funds and close its office in Hong Kong, according to a report by Reuters.
Nomura Private Capital has launched its first investment product, the Nomura Alternative Income Fund, which it says marks a significant milestone in the firm's global push into private markets. Nomura has provided an initial $100 million to seed the fund.
South African retail investors are increasingly including hedge funds in their investment portfolios as they look to mitigate the effects of ongoing market volatility and high inflation, according to a report by News24.
Ironshield Capital, a London-based European credit hedge fund manager, has launched the Ironshield Credit Opportunities Fund, a closed-end vehicle which look to take advantage of opportunities materialising in private credit and illiquid public credit.
Pierre Andurand's main hedge fund has lost about 40% since the start of 2023 after the banking crisis caused panic in commodities markets, making the famed oil trader one of the hedge fund world's biggest losers so far this year, according to a report by Bloomberg.
Aperture Investors, the $4bn New York-based hedge fund firm founded by Peter Kraus, has launched the Aperture Emerging Debt Opportunity Fund, which will employ a value-oriented fixed-income strategy and invest in corporate, sovereign, and quasi-sovereign debt securities of selected emerging markets.
Wild swings in the bond markets have proved a big problem for Said Haidar with his flagship Jupiter macro hedge fund set to record its biggest-ever monthly loss since its inception over two decades ago, according to a report by Reuters.