In the week ending 03 January, 2014, the Eurekahedge Hedge Fund Index gained 8% in 2013, hedge funds gained $225bn+ in 2013;
The Parker FX Index was down 0.26% in November, -1.04% YTD (2013);
And the Scotiabank Canadian Hedge Fund Index was up 1.20% (0.38% YTD) on asset weighted basis.
Gottex Fund said it would launch a new mutual fund that will allow retail clients to sample asset classes normally reserved for millionaires.
Higgs Capital said it would shut down after a wave of investor redemptions.
SAC Capital posted positive performance, with 20.10% returns on its last year managing other people’s money as a hedge fund; despite a dismal year, several hedge funds outperformed the S&P 500 in 2013; a few brave hedge fund investors scored major market-beating wins in 2013, said The Journal; Dan Loeb’s Third Point fund beat most rivals last year as it flagship fund gained 25%; last year was a great year for bread and butter strategies in Wall Street; and stock pickers lost again in 2013, while the market is looking to close out the year with a 29% gain.
David Tepper is expected to raise his assets with a $3bn-plus payday in 2013, making him the highest paid hedge fund manager; t......................
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