India’s Private Equity Market Continues To Defy Macro Headwinds
Surging inflation, and the ratcheting up of interest rates that has ensued, has put the brakes on activity in India’s private equity market, which boomed last year amid a fourfold jump in venture capital and growth investment, and a surge of almost the same magnitude in the value of exits.
What Next For Private Equities In An Uncertain Market?
Many major equity indices have generated negative year-to-date returns after a strong run post-lockdown. What does that mean for private equity investments, and how will the macro headwinds impact them?
Macro Trends Forcing Change On The Investment Management Industry
Power in the investment management industry is shifting to the money holders from money managers, driven by several major economic, social and political trends. Collectively, these are irresistible forces meeting a moveable object: the traditional asset management industry structure.
World's Best Performing Macro Hedge Fund Lost 16% Last Month
The PruLev Global Macro Fund gave up almost one-third of last year’s 52 percent gain in February, after being caught out by the return of volatility.
Long-Term Currency Forecasting Of The Mexican Peso: Equity International
Macroeconomic considerations, like demographics and GDP growth, make emerging markets an obvious place to look for potential investments. Over the long-term, emerging markets are likely to enjoy higher demographic and economic growth than that in developed markets. However, currency risk is a key uncertainty.
Bumpy Times In Brazil, But Hedge Funds Boom
Brazilian macro funds had a total assets under management of $30.79 billion in June, a 51 percent increase from the same month one year earlier. Just in the first six months of this year, that figure grew by 18 percent.
Hedge Fund Index Slips On CTA, Macro Divergence
Hedge funds lost some ground last week as returns from Global Macro strategies and CTAs moved visibly in opposite directions, according to recent data from Lyxor Asset Management. read more
Lyxor: Hedge Fund Index Stays Flat In July As Trend-Following Strategies Underperform
Despite continued strength in risk assets and records in several asset classes, hedge funds were again range-bound last week (and for July in general) as positive performances from event-driven, fixed income and long/short equity strategies were offset by continued negative returns booked by CTAs and global macro funds.Â
Soros Adds CommonWealth's Adam Fisher As Macro Manager
Soros is hiring Adam Fisher, the chief investment officer of CommonWealth Opportunity Capital, as a money manager focusing on global macroeconomic trades, according to people with knowledge of the matter. Fisher, who counted Soros Fund Management as one of his biggest investors, is winding down his $2 billion hedge fund firm to join Soros in coming weeks, the people said. Fisher is one of the first big hires by Dawn Fitzpatrick, who joined Soros Fund Management as the chief investment officer earlier this year from UBS Asset Management. The family office hired her to use her asset-allocation experience to diversify...
The World’s Largest Hedge Fund Is Down For The Year In A Key Fund
Bridgewater Associates' Pure Alpha II Fund, a macro strategy within the world's largest hedge fund, declined 2.5 percent during the first half of this year, according to a person with knowledge of the matter. The fund's decline compares with a gain of 3.7 percent for the HFRI Fund Weighted Composite Index, which tracks the broader hedge-fund industry. In the 12 months through June, the Pure Alpha II fund gained 13.3 percent, the person said, asking not to be named discussing performance numbers at the hedge fund. That 12-month number is more significant to pension funds that invest in hedge funds...