Mon, Dec 22, 2014
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. Investing - Big hedge funds win again on PetSmart, Riverbed, RBS sells real estate loans to hedge fund Cerberus, Talisman energy speculation: Which hedge funds could benefit?[more]

    Big hedge funds win again on PetSmart, Riverbed From CNBC.com: Another week, another set of wins for activist investors. On Sunday, pet supply retailer PetSmart agreed to the largest leveraged buyout of the year at $8.7 billion. Hedge fund firm JANA Partners had been pushing for a sale a

  2. Outlook - Hedge fund manager who remembers 1998 rout says prepare for pain, Bond guru Bill Gross predicts U.S. economic growth to dip to 2%[more]

    Hedge fund manager who remembers 1998 rout says prepare for pain From Bloomberg.com: Stephen Jen landed in Hong Kong in early January 1997 as Morgan Stanley’s newly minted exchange-rate strategist for Asia. He was soon working around the clock when investors began targeting the region’s

  3. Investing - Hedge funds get boost from healthcare in 2014, Paulson & Co takes stake in Salix on heels of inventory issues[more]

    Hedge funds get boost from healthcare in 2014 From Valuewalk.com: The healthcare sector started the year on a turbulent note, as stocks of many major biotechnology companies were battered. However, most of the players in this sector have bounced back. The BarclayHedge Healthcare & Biotec

  4. North America - Why Steve Cohen, Connecticut hedge fund billionaire, gives so much in New York[more]

    From Insidephilantrophy.com: Billionaire Steve Cohen was born in Great Neck, New York before attending Wharton, working on Wall Street and then founding SAC Capital Advisors in Connecticut. Though his company (Point72) and foundation are based in Connecticut, Cohen and Alexandra are deeply connected

  5. Investing - Soros buys a highly speculative biotech in the third quarter[more]

    From Fool.com: …The Soros Fund bought 25,000 shares of the struggling small-cap biopharma Aegerion Pharmaceuticals in the third quarter. For those of you who haven't heard of this name, suffice to say that this was a surprising buy in light of the company's recent problems and poor outlook going for