The exodus from hedge funds continues with investors questioning unswayed by relatively strong performance from the alternative asset class.
Irish domiciled funds surpassed EUR4.3 trillion AuM (Assets under Management) at end-March 2024, a 15 per cent increase in net assets year-on-year. The Irish Funds Industry Association writes that the increase reflects continued growth across a range of fund types and strategies, including Ireland’s thriving ETF offering which currently stands at EUR1.24 trillion AuM, 70 per cent of the European market.
New analysis by London-based Nickel Digital Asset Management reveals 38 listed companies with a combined market cap of USD800 billion currently hold around USD21.7 billion worth of bitcoin.
Global index revenues increased 9.3 per cent in 2023, totalling a record USD5.8 billion, according to a benchmark study published by Burton Taylor International Consulting, part of TP ICAP’s Parameta Solutions division.
Electronic marketplace manager Tradeweb Markets Inc has reported total trading volume for the month of April 2024 of USD41.9 trillion. The average daily volume (ADV) for the month was USD1.94 trillion, an increase of 69.1 per cent (per cent) year-over-year (YoY).
Electronic trading platform Tradeweb reports fourth quarter and full year 2023, including quarterly revenues of USD370.0 million, an increase of 26.3 per cent (24.6 per cent on a constant currency basis) compared to prior year period, and USD1.7 trillion in quarterly average daily volume, an increase of 56.9 per cent compared to prior year period.
The complexities of assessing performance from responsible investment strategies have been laid bare after Morningstar’s ESG indices delivered a mixed bag in 2023.
Alternatives data provider, Preqin, has published its Hedge Funds Q4 2023: Preqin Quarterly Update report which finds that equity strategies were the best performing core hedge fund strategy in Q4 2023 and for the year, returning 7.2 per cent and 13.4 per cent to investors, respectively.
Alternative data provider, Preqin, has published its Preqin Global Report 2024: Hedge Funds, which finds that some segments of the hedge fund market have seen slower growth, while, overall, net fund outflows have persisted in 2023.
BlackRock has revealed that the BlackRock ICS Euro Government Liquidity Fund (L-ILG) has exceeded EUR1.8 billion in AUM, representing +792 per cent one year growth.
