Wed, Aug 27, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Jabre’s Global Balanced fund loses 27% in 2011

Friday, January 13, 2012

Benedicte Gravrand, Opalesque Geneva: One of the hedge funds run by Jabre Capital Partners, a firm in Geneva which manages around $3bn in AuM, lost around a quarter if its capital in 2011, reports Swiss daily Le Temps. The money apparently went in trading losses but also in redemptions.

The fund, JabCap Global Balanced, now manages around $628m, says Bloomberg, and NAV dived from $183 on 31st December 2010 to $133 on 30th December 2011. This was confirmed by Investment Europe, which said that former top-performing Jabcap Balanced Fund had posted -26.88% for 2011.

Philippe Jabre’s Cayman domiciled-fund gained 20% in 2007, 2% in 2008, 45% in 2009 and almost 4% in 2010. Some commentators said its 2011 losses were caused by wrong bets – much of which in Japan – amplified by derivatives. "We should have seen the economic slowdown in H2 and should have covered our investments, rather than risk it with futures," a Jabre associate told Le Temps.

Jabre bought long Japanese stocks on news of the 2011 Japan earthquake, and then suffered when the Nikkei Stock Average tumbled 13%. Then he sold his shares in late March, just before a rebound in Japanese stocks, costing his firm about $300m, ......................

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. Institutions – Texas Employees sets 2015 tactical plan for alternatives, CalPERS' real estate consultant cautions the pension fund's investment committee, Why Sunsuper likes hedge funds[more]

    Texas Employees sets 2015 tactical plan for alternatives From PIOnline.com: Texas Employees Retirement System will invest in up to four new hedge funds in the next fiscal year, which begins Sept. 1. Trustees approved 2015 tactical investment plans for the hedge fund, private equity and in

  2. Investors now net short S&P500 and increased Russell shorts, technicals suggest further selling[more]

    Komfie Manalo, Opalesque Asia: Market Neutral funds increased their market exposure to -1% net short from -6% net short last week, according to Bank of America Merrill Lynch’s Hedge Fund Monitor. The report also added

  3. Hedge fund assets decline in July - eVestment[more]

    Bailey McCann, Opalesque New York: Total assets in hedge funds declined in July and dropped 0.49%, marking the industry's second monthly asset decline in 2014, according to the latest asset flows data from eVestment. Despite the asset decline, total industry AUM remained above the $3 trillion

  4. AIMA makes 'the case for hedge funds'[more]

    Bailey McCann, Opalesque New York: The Alternative Investment Management Association (AIMA), the global hedge fund industry body,

  5. Managed futures' global diversification is important in next phase of economic recovery[more]

    Komfie Manalo, Opalesque Asia: The global diversification provided by managed futures may prove to be extremely valuable as the markets enter the next phase of the economic recovery, said Campbell & Company, a pioneer in absolute return invest