Chinese state-backed funds are cutting off new investment in US private equity, according to several people familiar with the situation, in the latest salvo against President Donald Trump’s trade war.
State-backed funds have been pulling back from investing in the funds of US-headquartered private capital firms in recent weeks, according to seven private equity executives with knowledge of the matter. The moves come in response to pressure from the Chinese government, three of the people said. Some of the Chinese funds are also seeking to be excluded from private equity investments in US companies, even if those investments are made by buyout groups based elsewhere, some of the executives added. The change in approach to the US comes as China has borne the brunt of US tariffs announced in the past three weeks that threaten to significantly curtail trade between the world’s two biggest economies. Source: FT
Non-exhaustive list of Macro, Systematic & Multi-strategy hedge funds returns for 2024.
Source: Bloomberg, The Long view
2025 is going to start and mutual funds and hedge funds managers cash levels are near record lows
Source: BofA
Here are the current most valuable private companies in the world 🌎
Source: Evan @StockMKTNewz
Hedge funds sold US equities at the fastest pace in 8+ months last week, driven heavily by short selling.
This was the fastest pace of HF short selling in ~12 months. Source: David Marlin $SPY $QQQ $IWM
SPACEX SHOOTS FOR THE MOON WITH $350B VALUATION
Elon's rocket empire might be worth more than Portugal's entire GDP. SpaceX is floating a tender offer that would launch its valuation to a mind-bending $350 billion—up from last month's mere $255 billion price tag. This astronomical jump would make SpaceX not just the most valuable startup on Earth, but worth more than many Fortune 500 companies. For context, they were "only" worth $210 billion earlier this year. Source: Mario Nawfal Source: Bloomberg @SpaceX
Hedge fund indices YTD performance by strategy as of 31/10/2024.
The top 5 hedgefund strategies according to Aurum database as of October 2024 were: 1) Equity long/short - AsiaPac (L/S) stands at 16.9% YTD. 2) Long biased equity stands at 14.2% YTD. 3) Equity long/short - Sector (L/S) stands at 14.2% YTD. 4) Quant - Multi stands at 14.1% YTD. 5) Equity long/short - US (L/S) stands at 12.3% YTD.
Hedge Funds are buying U.S. Stocks at the fastest pace this year 🚨
Source: Barchart
