New multi-strategy hedge fund launches accounted for less than one in 10 of new funds in the first quarter, down from about one in four in the last quarter of 2023, according to data provider Preqin, a sign that investors witnessing higher market volatility might be seeking less risky prospects. Launches for this kind of hedge fund, housing different kinds of trading strategies, have fallen to their lowest in around a year since Preqin started collecting this data. "The current economic climate and market volatility might be prompting investors to favor more specialized or less complex investment strategies," said Bruno Schneller, managing director at Erlen Capital Management, which invests in hedge funds.
Lisa Opoku has joined the firm as Chief Operating Officer, reporting into Chairman and CEO Michael Forman, and Stephen Tisdalle will join the firm as Chief Marketing Officer, reporting into Co-President Enrico Gaglioti.
Blackstone Inc. (NYSE:BX) is the largest alternative asset management company in the world, with nearly $1 trillion in total assets under management as of Sept. 30. The financial institution has several multifaceted funds designed to offer diversification benefits to investors. However, not all of Balckstone's funds have been a pinnacle of success. Its Diversified Multi-Strategy fund lost over 90% in value over the past four years until mid-November, causing Blackstone to shut the fund by the en
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