另类投资简报 | 150亿美金！高瓴资本近年来规模最大基金重组

Private Equity Market Review - The private equity fundraising pressure continues to rise due to the global market slowdown, prompting some ultra-high-net-worth clients of UBS to reassess their allocation strategies [4] - According to UBS's "Billionaire Ambitions Report 2025," nearly one-third of the 87 billionaires surveyed plan to reduce their investments in private equity instruments over the next 12 months, the highest reduction among various investment themes mentioned in the report [4] Hedge Fund Market Overview - Bloomberg's preliminary data indicates that the hedge fund industry recorded a 0.3% increase last month, with the event-driven hedge fund index leading the performance [4] - Year-to-date, hedge funds have risen by 11%, with equity funds showing the strongest performance, achieving a cumulative increase of 17% [4] - Sigma Investments has surpassed 10 billion RMB (approximately 1.4 billion USD) in assets under management in China, marking its entry into the top tier of Chinese hedge funds [4] - The newly raised funds, approximately three-quarters of which will be allocated to a Chinese stock strategy product, have contributed to a significant growth in total assets managed by Sigma Investments [4] Notable Transactions - Hillhouse Capital, founded by Zhang Lei, has merged three public market funds into a portfolio with a scale of at least 15 billion USD, marking the largest restructuring for the firm in recent years [4] - The flagship hedge fund, focused on Chinese listed stocks, and a newly established fund targeting undervalued Chinese stocks were part of this merger [4] Market Trends - There is a growing interest in the options market among global hedge funds, particularly favoring the US dollar [8]