Fri, Apr 27, 2018
A A A
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. Investing - Sequoia takes Facebook stake as shares slide in data controversy, $1.4b hedge fund sees intact fundamentals for Facebook, Jim Cramer reveals some 'suggested hedge fund trades' amid the Trump tariffs[more]

    Sequoia takes Facebook stake as shares slide in data controversy From Bloomberg.com: The $4.2 billion Sequoia Fund bought a small position in Facebook Inc. as the stock slid late in the first quarter, investment manager Ruane, Cunniff & Goldfarb told clients. "The recent controversy enab

  2. Activist Investors - Blue Sky-owned Wild Breads faces uncertain future[more]

    From AFR.com: A Blue Sky private equity investment in artisan-style baker Wild Breads enjoyed multiple valuation upgrades despite losing millions and breaching its lending covenants, accounts lodged with the regulator last week show. Wild Breads lost $2.4 million in 2017, but Blue Sky ascribed a hig

  3. Opalesque Exclusive: Barnegat to close hedge fund to outside investors on weak opportunities[more]

    Komfie Manalo, Opalesque Asia: Bob Treue's Barnegat Fund Management said it is closing its $666m fixed income relative value hedge fund to outside investors. "The negative side to gains in Fixed Income Arbitrage is that unless we find new opportunit

  4. Investing - Hedge fund makes a big bet on malls, British hedge fund manager Odey short UK government bonds on QE bet[more]

    Hedge fund makes a big bet on malls From Barrons.com: The dominant narrative on American shopping malls is that they're dead. Crushed by Amazon.com, many brick-and-mortar retail stores are destined for bankruptcy. And where is the most retail, clustered all together? Malls. From a

  5. Performance - Hedge funds suffer first back-to-back loss in two years, Netflix performance burns hedge fund short sellers, Macro hedge fund up 14.5% in first quarter sees dollar falling, Renaissance Technologies rebounds across hedge funds in March[more]

    Hedge funds suffer first back-to-back loss in two years From Bloomberg.com: Hedge Fund returns sank for a second straight month in March, the first back-to-back loss since the first two months of 2016, as trade wars, tech-sector woes and a Fed rate hike dragged down the S&P 500 from its