Wed, Jun 19, 2013
A A A
Welcome Guest
Free Trial RSS
New! Family Office and Investor Database with 11,750 contacts
Alternative Market Briefing

Performance – Hedge funds fail to find growth in May trading, Fortress Investment Group will not pay a second quarter dividend, Quantz Capital's market-neutral fund gains 5.42% YTD

Tuesday, June 21, 2011

Hedge funds fail to find growth in May trading From Cityam.com: Hedge funds failed to post positive returns during May, as poor US economic data and fears over Chinese growth hit the performance of fund managers.

Managed futures and global macro funds saw the steepest falls in growth in May as short US dollar and long commodity positions weighed heavily on performance, a monthly survey by British hedge fund giant Man Group found… Full article: Source

Fortress Investment Group will not pay a second quarter dividend Fortress Investment Group announced on Monday that the firm would not pay a dividend for the second quarter of 2011. “The Board elected to retain capital for potential future investment opportunities and for working capital purposes,” said an announcement by the firm.

In a May update on the firm’s business, Daniel Mudd, CEO of the $42bn firm said that there are currently over 900 employees located around the globe. According to Mudd’s presentation, the value of the firm’s balance sheet investments increased to $1.1bn, a debt to EBITDA leverage ratio of 0.6 times. Mudd’s presentation also noted that if the firm liquidated investments at current values it would convert to $300m of embedded gains recognized in earnings… Full press release: ......................

To view our full article Click here

Banner
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. SWF Institute rankings: total sovereign wealth funds' assets amount to $5,473bn[more]

    Benedicte Gravrand, Opalesque Geneva: - According to the SWF Institute's latest Sovereign Wealth Fund Rankings, the total amount of sovereign wealth funds' asset under management is now $5,473bn, to which oil and gas relate

  2. A bad week for Japan[more]

    Benedicte Gravrand, Opalesque Geneva: - The Japanese stock market got inflated by 80% in six months following Shinzo Abe’s appointment as Prime Minister in December 2012. Indeed, Abe almost immediately launched monetary policy, fiscal policy and economic growth strategies (two points of a three-poin

  3. Mariner’s incubation platform takes on new volatility arbitrage fund[more]

    Benedicte Gravrand, Opalesque Geneva:- Mariner Investment Group, a $10bn alternative asset manager headquartered in New York which launched an

  4. Are we rotating yet? If we do, will it matter?[more]

    Bailey McCann, Opalesque New York: Market participants have long been looking for the "great rotation," out of fixed income, which has been in the works for several months according to some forecasters. Yet, inflows to both fixed income and equities have largely remained unchanged in any real way.

  5. An oil sands index: It also provides institutional and retail investors with a benchmark that tracks the growth of one of the largest reserves of oil in the world, and gives hedge funds and index traders the opportunity and ability to actively trade the industry and apply arbitrage strategies.