Global Review: August 2014

2014-10-13

 Like all areas of the financial services world, the asset management industry is changing and hedge funds are driving many of the most significant changes. Convergence between the alternative and mainstream investment management markets is accelerating – fuelled most recently by the fast-growing global phenomenon of liquid alternatives, as seen in the rapid adoption by investors and managers of alternative UCITS and ‘40 Act mutual funds in Europe and the US. Hedge fund firms are increasingly moving into non-traditional areas as they expand their businesses, whether that be through running long-only products, managing segregated portfolios and funds of one for specific end-investors, reaching out into retail distribution channels and other avenues of new investor capital, or moving into some of the spaces left by the retreat of increasingly tightly-regulated banks. In this issue: • Assets: Global hedge fund assets up by 7.3% in H1 2014 to $2.69 trillion • New funds: US launches dominate as new fund activity picks up • Performance data: Macro and managed futures, equities, credit, event-driven and multi-strategy