Mon, Sep 25, 2017
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. iCapital Network enters deal to acquire innovative U.S. private equity access fund platform from Deutsche Bank[more]

    Komfie Manalo, Opalesque Asia: Financial technology platform iCapital Network has entered into a definitive purchase agreement to acquire the US Private Equi

  2. Asia - Hedge funds used to love shorting China. Now, not so much, Fledgling China FoFs require careful use: NCSSF, Amac, Japanese banks turn to PE, hedge funds for returns[more]

    Hedge funds used to love shorting China. Now, not so much From Bloomberg.com: A sharp devaluation. A credit crisis. And an economic hard landing. That's what some of the biggest names in the hedge fund industry were predicting for China after the nation's stocks and currency tumbled in 2

  3. Launches - Orchard launches new credit platform, ETN based on hedge fund to launch on the LSE[more]

    Orchard launches new credit platform Orchard Platform has rolled out Deals as a part of its new platform launch. With the addition of Deals to their suite of technology solutions for loan originators and institutional investors, Orchard Platform takes the next step in their evolution. De

  4. Neuberger Berman closes $1.1bn Credit Opportunities Fund[more]

    Neuberger Berman, a private, independent, employee-owned investment manager, announced that NB Private Equity Credit Opportunities Fund LP closed on $1.1 billion of limited partner commitments. The Fund seeks to invest in the secured and unsecured debt of private equity-backed companies, primarily i

  5. Capital Dynamics launches mid-market private credit business[more]

    Capital Dynamics, a global private asset manager, has launched a dedicated Private Credit Asset Management business. Experienced industry executives Jens Ernberg and Thomas Hall have joined Capital Dynamics to co-lead the company's new private credit initiative. They are based in Capital Dynamics' N