Reuters news agency quoted Breckin today, Tuesday, as 180 funds so far this year have started or intend to start trading.
Untested trend managers, in particular, have struggled to raise capital given the market turbulence.
Three futures hedge funds that use IT strategies to track market trends and eight macro-signal trading companies were launched this year.
Breckin’s data showed 36 equity strategy funds were launched, making it the most popular strategy.
Meanwhile, credit has seen the launch of seven new funds, and multi-strategy companies have launched six funds so far in 2023, with another fund expected to launch in the third quarter.
Global mergers and acquisitions activity fell to its lowest level in more than a decade in the first quarter. Only six new hedge funds have started, driven by events this year.
“The strong performance of public equities during the quarter was encouraging for a strategy closely correlated to public markets. At the same time, macro strategies are no longer favored as quickly as they appeared,” Breckin said in the report. Hedge Funds Q1 2023 published. earlier this month.
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