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Alternative Market Briefing

Hedge funds posted both performance and assets gains in November: hedge fund news, week 52

Monday, December 30, 2013

In the week-ending 27 December 2013, Citi Prime Finance said that hedge funds posted both performance and assets gains in November with assets gaining $45.3bn; the average hedge fund was up 8.2% this year but lower than a near 21% rise in the MSCI World Index for stocks; the Bank of America Merrill Lynch Global Research said that interest in equities grew this year as hedge funds returns slid; 2013 was a great year for small hedge funds that recorded big gains this year; Michael Farmer’s Red Kite metals hedge fund was up 40% this year for three consecutive years of double-digit returns; Jason Karp’s Tourbillon Capital gained 15% returns in Q3 from short bet in J.C. Penney; and Boaz Weinstein’s Saba Capital appeared headed for its second losing year in a row.

Goldman Sachs raised more than $1bn to launch a new real estate hedge fund; and former HSBC banker Roshan Padamadan said he would start a hedge fund that will invest in liquid securities including stocks, bonds and derivatives globally.

Hedge funds trail U.S. stocks as Bloomberg Global Aggregate Hedge Fund Index was up 7.1% YTD; And the MSCI Indices showed substantial advances in global equities, except Emerging Ma......................

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