Tue, Oct 6, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge fund launches shrink as banks retain traders with bigger pay: hedge fund news week 45

Monday, November 11, 2013

In the week ending 8th November, 2013, it was reported that only 418 hedge funds have been set up so far this year, compared to 725 and 780 established in the two preceding years respectively, according to data provider Preqin; this is as banks fight to retain star traders with bigger pay packages, reported the FT; meanwhile, a Glocap compensation report revealed that the starting salary for junior professionals in the hedge fund industry had risen for the third consecutive year and now stands at $335,000 for 2013; and new research from Cerulli Associates found that 47% of asset managers expect to hire dedicated marketing personnel and 41% expect to hire dedicated sales personnel in the next 12 months.

Adam Levinson, CEO of Fortress Investment Group Inc.’s Asia Macro funds, is reportedly in talks with the $58bn alternative asset manager about launching his own hedge-fund firm.

Axial Capital Management, the once-$1.8bn hedge fund firm seeded by Julian Robertson of Tiger Management, is shutting down following several years of losses fuelled by short bets against stocks said CNBC.

The Greenwich Global Hedge Fund Index was up 1.86% in October (7.36% YTD); The HFRX Global Hedge Fund Index posted a gain of +1.20% (......................

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. U.S. hedge funds prepare for worst finish this year since 2008[more]

    Komfie Manalo, Opalesque Asia: U.S.-focused hedge funds are preparing for their worst year since the 2008 global financial crisis, following a series of letdown including the market sell-off in August and the sell-off in healthcare and biotechnology sectors last month, reported

  2. Investing - AQR Capital and Renaissance Technologies raise stakes in Southwest Airlines[more]

    From Marketrealist.com: In the previous part of this series, we saw how institutional investors played Southwest Airlines (LUV) in 2Q15. Now let’s move on to the trades executed by key hedge funds in Southwest Airlines over the same period. … Most of the hedge funds that had significant exposu

  3. DoubleLine’s Jeffrey Gundlach warns of another round of market shakedown[more]

    Komfie Manalo, Opalesque Asia: DoubleLine Capital co-founder Jeffrey Gundlach is painting a bleak future as he warned that the U.S. equity market and other risk markets, such as high-yield "junk" bonds, are facing another round of selling pressure. Gundlach said in an interview with

  4. A hedge fund strategy that seems to have fizzled[more]

    From Gulfnews.com: The hedge fund strategy that has attracted the most money this year is on course to cause some of the biggest losses for investors, in the latest example of the dangers of going with the crowd. Institutions and individuals have piled an estimated $20 billion (Dh73 billion) into ma

  5. Hedge fund Barnegat survives September’s market selloff[more]

    Komfie Manalo, Opalesque Asia: Bob Treue’s $679 million Barnegat Fund proved resilient after another month of market letdown as the hedge fund gained 2.2% last month, bringing its year-to-date gains to 2.8%. Treue said in his monthly report to i