Gary Gensler, whose resume includes a stint at Goldman Sachs Group Inc., says he’s amazed that the hedge fund 2-and-20 fee model has prevailed in the decades since he left Wall Street.

It appears that active bond funds have been actively outperforming their stock market peers, according to data from Morningstar.

The outlook may be changing for China but there are many other emerging markets opportunities elsewhere.

The global hedge fund business started the fourth quarter of 2021 on a high note, with aggregate industry performance at +1.88 per cent in October and just over 70 per cent of funds reporting to eVestment seeing positive results for the month, according to the just-released October 2021 eVestment hedge fund performance data.

The transaction closed on Oct. 29.

A public benefit corporation and ESG technology platform has closed its Series A investment round with $21 million.