Sat, Aug 1, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Credit hedge funds suspend summer holidays to exploit arbitrage trade: hedge fund news, week 27

Monday, July 08, 2013

In the week-ending 5 July 2013, reports said credit hedge funds benefit from outsized trading opportunities that materialised between cash and synthetic markets. Some hedge fund managers would be even willing to suspend the summer holidays so they can fully participate and keep on trading.

Meanwhile, more investment banks are following the footsteps of Goldman Sachs and are set to offer "hedge funds for the masses," CNBC said.

Former Morgan Stanley proprietary head George Kounelakis was preparing to launch an event-driven hedge fund; former Citadel alumni Andrew Greenberg started operations of his special situations hedge fund, Saker Partners; and former UBS trader Gerard Satur raised A$10m ($9.1m) to launch a global macro strategy.

The HFR Indices were down -1.33% across the board for June (+3.16% YTD); The Credit Suisse Liquid Alternative Beta Index fell 1.07% (+2.20% YTD); The Greenwich Global Hedge Fund Index dropped -1.15% (+3.54 YTD); The IndexIQ Hedge Composite Beta Index -1.97% (-1.86% YTD); The UCITS Alternative Index lost 1.37% (+0.94% YTD); And the UCITS compliant hedge funds fell 2.33% (+0.35% YTD).

Noctua Partners reported the performance ......................

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: Despite bumpy June/July, CTAs hold on[more]

    Bailey McCann, Opalesque New York: To say that things have been rocky in managed futures recently is putting it mildly. In June, the industry saw its worst month on a performance basis in the past four years. Then yesterday,

  2. Investing - Hedge fund billionaires bet on London as revival gathers pace[more]

    From Bloomberg.com: London’s fund industry is bouncing back, and U.S. billionaires Steven A. Cohen and Ken Griffin are grabbing a piece of the action. Griffin’s Citadel and Millennium Management, a hedge fund run by Israel Englander, have bulked up in London, where asset growth is outpacing the U.S.

  3. Other Voices: Same day reporting and the evolving role of fund administrators[more]

    By: Scott Price, Head of Business Development and Client Management for North America, Maitland Ernst & Young’s latest glob

  4. Cowen Group, Inc. to acquire Conifer Securities[more]

    Cowen Group, Inc. and Conifer Securities, LLC had announced the signing of a definitive agreement under which Cowen will acquire Conifer Securities, the prime services division of Conifer Financial Services LLC. The transaction, the terms of which have not yet been disclosed, was approved by the boa

  5. Cargill’s Black River Asset to shut down four hedge funds[more]

    Komfie Manalo, Opalesque Asia: Cargill Inc.’s $7.4 billion Black River Asset Management said it was closing four hedge funds with a combined $ 1 billion in assets and start returning investors money over the next several months, various media said. The hedge funds represent 15% of Black River’

 

banner