In the week-ending January 4, 2013, Gabelli & Partners launched the credit hedge fund Gabelli Intermediate Credit Fund on January 1; and former Citadel head of securities Patrik Edsparr received a license to start an asset management company in Hong Kong.
The Nordic Hedge Fund index was up 0.26% in November (+3.46% YTD);
the 'Alternative Alternatives' investment funds were up 0.42% in November (+2.75% in first 11 months of 2012);
and the Credit Suisse Liquid Alternative Beta Index was up 1.13% in December (+3.22% YTD).
Bearish hedge funds managers lost out in 2012 with poor performance and change of fortunes for the eurozone, said Hedge Fund Research; Deepak Narula’s Metacapital Management was named the top performing hedge fund by Bloomberg Markets with 38% gains last year betting on mortgages; the two biggest hedge funds led by Citadel CEO Ken Griffin posted returns of about 26% in 2012; Daniel Loeb’s $9.3bn hedge fund Third Point ended 2012 up 21%, boosted by bet on Greek bonds; Larry Robbins’ $3.6bn hedge fund Glenview Capital outperformed its rivals with nearly 30% in 2012; and Valuewalk reported that hedge fund Bramshott gained 2.84% in November but Equinox and Providence lost during the month.
Data from Eurekahedge showed that hedge fund assets gained an additional $75bn in 2012 despite a tough mar......................
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