Tue, Feb 21, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Despite a slow end to 2012, hedge funds may be on track for a more positive future

Thursday, February 14, 2013

amb
Alan Pace
Bailey McCann, Opalesque New York:

2012, was a marginally better year for hedge funds, HFRX Indices saw the Global Absolute Return index end 2012 up 0.88% and the Global Hedge Fund Index up 3.51% for the year. Yet, they still lagged the S&P 500, a trend which persisted through January. Now, new research shows that investor sentiment is improving and new launches are on the rise.

"Performance is a symptom of change not a trend," said Alan Pace, managing director, global head of sales and client experience at Citi Prime Finance at a recent press event. In the last six months, new hedge fund launches have been creeping back up with a renewed focus on the US equities market. The capital for those launches are also coming from more places than just seeders or friends and family - family offices and in some cases, institutions are getting in early.

As Opalesque reported earlier this week, new data from Towers Watson shows that institutional mandates to hedge funds are on the rise. In total, equity mandate selections among Towers Watson clients accounted for US$22bn in assets invested last year. Hedge fund mandates also increased into macro, fixed income and reinsurance funds.

Bank of America has also noted t......................

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. With $54bn in assets, Philippines is ready for hedge funds, alternative investment products[more]

    Komfie Manalo, Opalesque Asia: With the country's outstanding fund management industry at $54bn and growing, the Philippine market and its investors are ready to invest in "more sophisticated" asset management products, like hedge funds and alternative investments, said Deanno J. Basas, presi

  2. SoftBank to buy Fortress Investment for $3.3bn[more]

    From Reuters.com: Japan's SoftBank Group Corp on Wednesday said it has agreed to buy Fortress Investment Group LLC for about $3.3 billion, looking to add investment expertise as it prepares to launch the world's largest private equity fund. The all-cash deal is SoftBank's first major investmen

  3. ...And Finally - Truth in advertising[more]

    From Newsoftheweird.com: Girl Scout Charlotte McCourt, 11, of South Orange, New Jersey, saw her sales zoom recently when she posted "brutally honest" reviews of the Scouts' cookies she was selling -- giving none of them a "10" and labeling some with dour descriptions. She was hoping to sell

  4. Europe - Brexit - Updated legal guide, Euro exchange rates set to tumble as hedge fund's super computer predicts Marine Le Pen will be next French president, Swiss fund market hits all-time high[more]

    Brexit - Updated legal guide From Herbertsmithfreehills.com: When we began analysing in depth the possibility of Britain exiting the EU (Brexit), 18 months prior to the June 2016 referendum, the business consensus was very much that Brexit was a remote prospect that either would never hap

  5. People - Gramercy appoints Bradshaw McKee as managing director of Capital Solutions, Trump taps Cerberus's Feinberg to lead intelligence review[more]

    Gramercy appoints Bradshaw McKee as managing director of Capital Solutions Gramercy Funds Management LLC, a $5.8 billion dedicated emerging markets investment manager, today announced the appointment of Bradshaw McKee to the position of Managing Director, Capital Solutions and Distressed