Sun, Feb 1, 2015
A A A
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. Opalesque Exclusive: Ex-Citi trader launches 'sleep-at-night’ long/short equity fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: After working at Citi's proprietary trading desk, managing a large portfolio between 2008 and 2011, Joel S. Salomon founded SalaurMor Management in New Yor

  2. Investing - U.S. investors favor currency hedged Europe ETFs as euro tumbles, Quants win back investors as Swiss franc fuels volatility gains, David Einhorn's $7bn hedge fund is loading up on this stock, Hedge fund BlueMountain Capital unveils Ocwen Financial short, claims default on notes[more]

    U.S. investors favor currency hedged Europe ETFs as euro tumbles From Reuters.com: U.S. investors stung by the falling euro who want to stay invested in Europe are turning to exchange-traded funds designed to strip out the impact of the region's currency. The biggest among so-called "cur

  3. News Briefs - Millennials use tech tools to jump into investing, Winklevoss twins to launch bitcoin exchange with FDIC insured deposits, Robertson’s legacy from hedge funds to New Zealand, Real estate managers exploring smaller open-end funds[more]

    Millennials use tech tools to jump into investing It is the Facebookification of monetary investing. From social networking platforms that enable young investors to stick to every other's stock-picking mojo, to internet sites for initially-timers hungry for a piece of the Silicon Valley

  4. Update: Prosecutors seek 12 years for hedge fund manager Francisco Illarramendi[more]

    Komfie Manalo, Opalesque Asia: Federal prosecutors have asked the court to sentence convicted hedge fund manager Francisco Illarramendi to 12 years imprisonment for running an elaborate Ponzi scheme that bilked investors hundreds of millions in dollars, including a Venezuelan pension fund, report

  5. Institutions - Ontario pension fund leader calls all asset classes ‘expensive’, Taiwan's BLF plans $2bn in alternative mandates[more]

    Ontario pension fund leader calls all asset classes ‘expensive’ From WSJ.com: The head of one of the world’s largest pension funds said that across asset classes, “everything is expensive.” Ron Mock, who leads Canada’s $141 billion Ontario Teachers’ Pension Plan, said that the plan would