Fri, Apr 25, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

SAC and Apple sagas continue, hedge funds cash in on yen trades: hedge fund news, week seven

Monday, February 18, 2013

In week ending February 15, 2013, Coatue Management announced it would launch a $300m hedge fund that will invest in high-growth, pre-IPO start-ups; Toronto-based hedge fund manager Spartan Fund launched the Noble Bay Energy Fund; Duet Asset and former Credit Suisse Latin America chief Pedro Chomnalez started their first hedge fund, the Merchant Opportunity Fund, that focuses on non-financial assets and private equity in Latin America; Deepak Gulati quit as head of global equity proprietary trading at JP Morgan to launch a hedge fund; U.S. Fleet Tracking CEO Jerry Hunter said he plans to launch a new hedge fund this year based on an algorithm he created; and Racon Capital Partners reported that it raised $35m to launch its first fund. Saba Capital and Reservoir Capital together seeded hedge fund startup Camares Capital.

The Lyxor Hedge Fund index was up +1.6% in January; The Hennessee Hedge Fund Index was up 2.69%; The Barclay Hedge Fund Index gained 2.84%; The SS&C GlobeOp Hedge Fund Performance Index expanded 2.62%; The Newedge CTA Index grew 1.46%; And the Barclay CTA Index was up 1%.

BarclayHedge and TrimTabs said that hedge fund investors had redeemed a net $14.2bn in 2012, reversing a $50.7bn inflow to the industry in 2011; investors redeemed at least $1bn from Winton Capital as ......................

To view our full article Click here

Banner
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: Rainwater and Blue Sky - an Australian water fund emerges[more]

    Bailey McCann, Opalesque New York: Financial reporters often tout new funds and investments as uncorrelated investments, but few can say they are uncorrelated to everything but weather. Enter Blue Sky Alternative's water fund which invests in the permanent rights to Australia's water. Sev

  2. Regulatory – Expect greater SEC scrutiny of hedge funds that share information or collaborate in advance of their trades, Alternative funds to get SEC test for leverage, liquidity[more]

    Expect greater SEC scrutiny of hedge funds that share information or collaborate in advance of their trades From Thelawyer.com: A recent Wall Street Journal article — ‘Activist investors often leak their plans to a favoured few’ — focused attention on ‘activist’ investors and stock analy

  3. …And Finally – This week's least competent criminal is Austrian[more]

    From ABCnews.go.com: A German sought by authorities for alleged fraud has been arrested in Austria — after dropping into a police station to ask officers whether he was under investigation. Police in Salzburg said the 59-year-old man walked into a police station in the city on Friday night. Sp

  4. Investing – Hedge funds find pitfalls along with profits in real estate ventures, Marcato Capital Management makes new bet on Dillard’s[more]

    Hedge funds find pitfalls along with profits in real estate ventures From Law360.com: Hedge funds have joined the rush to real estate deals and development in recent months to close the financing gap left by tightening bank standards, but attorneys say many aren't prepared for the disclo

  5. Agecroft Partners estimates 90% of hedge funds using social media[more]

    The use of social media has increased significantly within the hedge fund industry over the past couple of years. Social media is broadly used by investors as part of their due diligence process on hedge funds, by service providers in their sales efforts to hedge funds, and by hedge funds to enhance