Mon, Oct 5, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

SAC Capital did well in 2012 but now is trying to prevent redemptions: hedge fund news, week 2

Monday, January 14, 2013

In the week-ending January 11, 2013, it was reported that Pershing Square is currently forming Pershing Square Holdings Ltd., a new fund headed by Ackman which will go public once it has gathered $3bn in AuM; Tourbillon Capital is to launch a long/short equity hedge fund with $250m on January 14; Capital Partners launched a second real estate debt fund; Swiss CTA shop Andreani & Associés announced plans to launch a multi strategy quant fund by the middle of the year; Tony Hall set up Hall Commodities with former colleague Arno Pilz five months after leaving Duet Commodities Fund; Soros’ Hong Kong portfolio manager Jixin Dai left the firm to launch an Asia-focused fund; and former Tudor Investment portfolio manager Andrew McMillan set up his own Singapore shop to launch his own hedge fund.

Hong Kong firm Triskele Capital closed down two hedge funds, citing poor returns and investor redemptions.

The HFRI Fund Weighted Composite Index gained in 1.2% December (+6.2% in 2012); the Dow Jones Credit Suisse Core Hedge Fund index was up 0.99% (+3.38% in 2012); the Greenwich Global Hedge Fund Index rose +1.58% (est.) (+6.27% in 2012); the Bank of America Merrill Lynch hedge fun......................

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. Performance - Hedge fund moguls Einhorn, Loeb, Rosenstein lose money in September, Risky strategy sinks small hedge fund[more]

    Hedge fund moguls Einhorn, Loeb, Rosenstein lose money in September From Billionaire stock pickers David Einhorn, Daniel Loeb and Barry Rosenstein on Wednesday told their wealthy investors they lost money in September as market turmoil inflicted more pain on some of America'

  2. Opalesque Exclusive: IRAs represent billions of untapped capital for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva: Retirement accounts might not be the first source that comes to mind for those looking to raise funds, but they may represent billions of untapped capital. Unlike traditional retirement accounts,

  3. Opalesque TV: One way to access market hedge funds in the EU under the AIFMD radar[more]

    Benedicte Gravrand, Opalesque Geneva: While the Cayman Islands, the US and Hong Kong await the pan-European marketing passport to be extended to alternative investment fund

  4. Vilas’ equity long bias hedge fund generates market-beating results[more]

    Komfie Manalo, Opalesque Asia: The Vilas Fund, an equity long bias fund managed by Chicago, Illinois-based Vilas Capital Management, posted five-year annualized returns, net of fees, of 23.47% vs. 15.87% for the S&P 500 Index, including divid

  5. Performance - Manager admits spin used to hide poor performance, Fortress macro hedge fund slumps 17.2% amid manager shakeup, In the hedge fund world, bigger is still better[more]

    Manager admits spin used to hide poor performance From … Colin McLean, managing director of SVM Asset Management, told FTAdviser that fund managers underperform all the time, so stories are often needed to mask or explain this. “People need to build a good framework