Thu, May 17, 2012
A A A
Welcome Guest
RSS RSS icon
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge fund returns 2008: FLAT is the new up, CTAs lead return leagues

Wednesday, November 26, 2008

From Matthias Knab: In September I was chairing a two day "Nordic Alternative Investment" Forum in Stockholm. The event was well attended by hedge funds as well as investors, including executive representatives from the Norway Government Pension Fund, formerly the Government Petroleum Fund. It was there when a hedge fund marketer lighted up the room with his comment "flat is the new up!" regarding the 2008 hedge fund returns.

According to industry sources, some of best (European) equity hedged fund YTD (mid-November) performances are:

  • O'Connor Global Fundamental Market Neutral Ltd (3.75% YTD)
  • Threadneedle UK Crescendo Fund, Ltd (2.11% YTD)
  • Lansdowne UK Equity Fund (1.97% YTD)
which contrast sharply against some of the worst YTD performers:
  • SR Phoenicia Phoenicia Portfolio (-50.78% YTD)
  • KDA Capital European Fund (-48.69% YTD to October)
  • Parvus (-47.48% YTD to October)
  • Lansdowne UK Strategic Fund (-46.54% YTD)
  • Glenview Capital Partners Ltd (-42.44% YTD)
  • Atticus European Ltd (-42.08% YTD)
Among event driven funds, the performance gaps stretch from King Street Capital Ltd (3.13% YTD) to GoldenTree Offshore Fund Ltd (-27.89% YTD) and Spinnaker Global Opportunity Fund (-25.04% YTD)

Amongst the relative value funds, Bluecrest AllBlue stands out with 8.39% YTD; at the lower bottom Polygon Global Opportunities Fund (-36.67% YTD to Oct) and GCM Little Arbor Partners Ltd (-35.3......................

To view our full article Click here

Banner
Today's Exclusives Today's Other Voices Banner More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. People – Hatteras Funds expands investment management team, Harcourt Investment Consulting appoints new head of alternative investments, Commonfund recruits industry veteran Brett Lane to its hedge fund group[more]

    Hatteras Funds expands investment management team Hatteras Funds, a boutique alternative investment specialist providing unique alternative investment solutions for financial advisors and their clients, announced that Thomas Riegert, CFA, has joined the firm as Associate, Portfolio Manag

  2. Institutions – Update: CalPERS commits $500m to managed account overseen by Blackstone, Euro 14bn pension fund for Philips to drop private equity, hedge funds, Fund of hedge fund managers pushed out by UK schemes’ direct investment, Houston Municipal puts $85m with alternative managers[more]

    Update: CalPERS commits $500m to managed account overseen by Blackstone From Reuters/PEhub.com: CalPERS, the biggest U.S. public pension fund, will commit $500 million to a managed account overseen by Blackstone Group LP, the world’s largest private equity firm, according to details prov

  3. Kyle Bass’ Japan macro fund down 29% for April[more]

    From Valuewalk.com: Kyle Bass is the founder of Hayman Capital. He is famous now for buying Greek Sovereign Credit Default swaps at $1,000 for $1 million of the price. He Supposedly made a 650x return for each swap which he bought. He was also early in the subprime game and shorted that successfully

  4. Opalesque Exclusive: Park Hill to represent new credit hedge fund manager MeehanCombs[more]

    From Komfie Manalo, Opalesque Asia: Global placement agent Park Hill Group, which has $126.4bn of commitments for its private equity and hedge fund clients, has selected MeehanCombs LP as the credit opportunities hedge fund manager

  5. A SQUARE 31 Mar 2011: Infrastructure funding needs worldwide, benefits to investors, implementations difficulties, and lessons learn from the financial crises. An analysis by Jay A. Yoder, CFA, Partner and Head of Real Assets at Altius Associates.[more]

    Infrastructure funding needs worldwide, benefits to investors, implementations difficulties, and lessons learn from the financial crises. An analysis by Jay A. Yoder, CFA, Partner and Head of Real Assets at Altius Associates.