Tue, Sep 27, 2016
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. Star names struggle as smaller hedge funds make hay[more]

    From eFinancialnews.com: Many big-name funds have been hit by sharp reversals in markets, including US government bonds and UK stocks, and have struggled to extricate themselves from positions that have gone bad. According to data group eVestment, hedge funds below $250 million in size are up 4.1% t

  2. North America - Acela fight splits hedge fund Connecticut and old money enclaves[more]

    From Bloomberg.com: Connecticut’s residential coastline is two worlds, the one of newcomer millionaires and one whose wealth and New England roots span generations. Now, their differences over a rail route threaten to gum up plans for the U.S. Northeast’s fastest-ever trains. About 30 miles from Man

  3. Activist News - Caesars offers creditors another $1.6bn, would spell end of hedge fund ownership, Activist investors double chance of CEO exits[more]

    Caesars offers creditors another $1.6bn, would spell end of hedge fund ownership From Calvinayre.com: Casino operator Caesars Entertainment has improved its offer to junior creditors to over $5b, but the offer is only good until Friday. On Wednesday, Caesars added an extra $1.6b to the $

  4. Nobel Sustainability Trust, Prince Albert II of Monaco help launch major new initiative to drive sustainable technologies[more]

    Matthias Knab, Opalesque: The Nobel Sustainability® Trust ("NST") is leading a major new initiative to finance, incubate and accelerate the development of clean technologies. The initiative will start with the formation of the Nobel Sustainability Fund® ("NSF"). NSF will drive faster access t

  5. Comment - ‘Gut feeling’ measurable in hedge fund traders, How hedge fund managers can use blockchain to maximize benefits[more]

    ‘Gut feeling’ measurable in hedge fund traders From Laboratoryequipment.com: “Gut feeling” is an intangible – an automatic hunch – based on prior experience for some people. But the “gut feeling” is actually a measurable response developed in professionals doing some high-risk work, acco