Mon, Oct 24, 2016
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge funds lost an estimated $45.32bn in August, but allocations still outpace redemption

Monday, September 12, 2011

From Precy Dumlao, Opalesque Asia:

August was undoubtedly the worst month for hedge funds since the 2008 global financial crisis. The month, which was described by many financial experts as "gloomy," hit the hedge fund industry so hard that even the most veteran hedge fund managers sustained losses.

Indeed, August was rotten for stocks and it did not spare even the most experienced and most successful hedge fund managers. Hedge fund titans, including Steven Cohen, Dan Loeb, David Einhorn and John Paulson were all hit by the global market selloff.

Cohen's SAC Capital Advisors lost about -3%, Loeb's Third Point Offshore Fund fell -2.8% and Einhorn's Greenlight dipped -1.4%, people familiar with their returns said. Paulson is reported to have lost -34% so far this year in his largest hedge fund. His Advantage Plus Fund, which seeks to profit from corporate events such as takeovers and bankruptcies, declined -15% in August. Advantage Plus’ gold-denominated share was also hit with a -17% losses year-to-date after sustaining a -7% decline last month.

Globally, the hedge fund industry lost an estimated $45.32bn last month, according to the latest data by hedge fund data tracker ......................

To view our full article Click here

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. M&A - U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga, Hedge fund Parvus shows hand, toppling William Hill merger deal[more]

    U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga From The fierce battle to buy Britain's biggest private equity group has come to an unexpected conclusion, with the original bidder walking away with the prize. SVG Capital has agreed

  2. Marc Lasry: Energy is still a phenomenal opportunity[more]

    From Distressed debt specialist Marc Lasry said energy debt is still a "phenomenal opportunity" because investors can get "massively overpaid" for the risk they take on. There are "huge opportunities" in the energy sector especially in restructurings, the Avenue Capital Group CEO said Tues

  3. Opalesque Exclusive: Ex-SAC manager re-emerges with market neutral hedge fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: A manager re-emerged from the SAC battleground last year to launch his own hedge fund under the umbrella of New York-based investment firm Endicott Group.

  4. North America - Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation, Billionaire hedge fund titans Dinan, Lasry on election, markets and best investment ideas[more]

    Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation From Kyle Bass, founder of Hayman Capital Management, on Wednesday warned that the U.S. is headed toward so-called stagflation. Stagflation is typically described as persistently high inflation and hi

  5. Other Voices: Follow the advice of investment consultants - I think not[more]

    Mark Rzepczynski, Founding Partner, Chief Investment Officer AMPHI Research and Trading, writes on Harvest Exchange: Investment consultants are a force to the reckoned with in the pension world. They advise and drive many pension decisions around the globe. Consultants literally control trillion