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Hedge fund performance is getting clobbered this year: hedge fund news, week 35

Monday, September 03, 2012

In the week-ending 31 August 2012, it was reported that First Trust Advisors launched the First Trust CBOE S&P VIX Tail Hedge Fund last week; index provider and commodity hedge fund house Aquantum reported it would launch a UCITS multi-strategy managed futures fund; and BNP Paribas announced plans to launch a structured product UCITS fund offering exposure to European equities.

Tiger Asia’s Bill Hwang told investors that he was definitely closing his hedge fund amidst a three-year probe by Hong Kong securities officials as well as a U.S. Securities and Exchange Commission; Matrix Group said it would close its UCITS platform later this year and its Asia sub-fund closing in September; and Reid Walker and Stacy Smith confirmed the closure of Walker Smith small- and mid-cap equity hedge fund firm.

The Emanagers Total Index gained +2.50% in July (+4.13% YTD); the Opalesque A SQUARE Index advanced +2.18% (+2.05% YTD); and the Parker FX Index up +0.77% in July (-0.59% YTD).

Hedge fund performance is getting clobbered this year as the Bank of America Merrill Lynch’s investible hedge fund composite index showed the industry was up 1.85% so far in 2012 while the U.S. stock market gained +13.8% in 2012; Rotel......................

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