Thu, Sep 18, 2014
A A A
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. SEC charges 19 investment firms and one trader for breach of Rule 105[more]

    Benedicte Gravrand, Opalesque Geneva: The Securities and Exchange Commission (SEC) started a push to enhance the enforcement of Rule 105 of Regulation M last year to uncover hedge funds and private equity firms that have illegally participated in an offering of a stock after short selling it duri

  2. Fund managers, bullish on Europe, anticipate monetary policy separation of Fed and ECB[more]

    Komfie Manalo, Opalesque Asia: At least 202 fund managers with $556bn of assets under management said that while the European Central Bank (ECB) has eased its monetary policy that sent sentiments towards Europe to pick up, the Fed is expected to hike its rate in the spring of 2015. Investor

  3. Investors looking at other sources for hedge fund-like returns[more]

    Komfie Manalo, Opalesque Asia: Investors who are always on the lookout for higher gains are looking at alternative sources of income, particularly exchange-traded fund industry that generates hedge fund-like returns, according to

  4. News Briefs - Limited partners of investment managers may be subject to self-employment taxes, Just one week left until NYC's Rocktoberfest[more]

    Limited partners of investment managers may be subject to self-employment taxes On September 5, 2014, the Internal Revenue Service (“IRS”) issued Chief Counsel Advice 201436049, concluding that members of an investment manager were subject to self-employment taxes with respect to their e

  5. Opalesque Exclusive: Old Hill Partners launches specialty finance fund[more]

    Bailey McCann, Opalesque New York: Asset-backed lending is starting to heat up again after a prolonged credit squeeze. The Financial Times reports that a record £18.9bn was borrowed from asset-based lenders in the three months to the end of June. Much of this lending is driven by advanc