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Peter Muller In the week-ending 12 October 2012, it was reported that Hong Kong-based Ardon Maroon Fund Management, which is run by former Wall Street bank executives, had launched an Asia-focused hedge fund with seed capital from a European family office; Peter Muller, founder of the proprietary trading group at Morgan Stanley, raised more than $500m from Blackstone Group for his stand-alone hedge fund; and Warren Ashenmil has reportedly left Tricadia Capital to start his own hedge fund called Jerica Capital.
Octavian Advisors, a $1bn hedge fund firm specializing in distressed investments, said it was shutting down following double-digits losses; the firm will start returning money to investors at the end of the year.
The HFRI Fund Weighted Composite Index was up1.1% in September (+4.7% YTD);
The Bloomberg Global Aggregate Hedge Fund Index went up 0.6% (+3.6% YTD);
The Lyxor Hedge Fund Index gained 0.2% (+2.2% YTD);
The Hennessee index gained 1.26%, (5.03% YTD);
The Eurekahedge Hedge fund index was up 2.63% in 3Q-2012 (+4.23% YTD);
The Barclay Hedge Fund Index gained 1.79% (+5.99% YTD);
The Greenwich Global Hedge Fund Index went up +0.99% (+4.6% YTD);
And the SS&C GlobeOp Hedge Fund Performance Index showed that hedge funds were up 1.11% in September, but inflows were down.
Securitized credit funds returned +13.73% YTD versus +4.94% for the hedge fund aggregate’s performance, according to data from eVestment/HFN; Danie...................... To view our full article Click here
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