Mon, May 21, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Opalesque Roundup: Age outweighs size for hedge funds: hedge fund news, week 20

Monday, May 12, 2014

In the week ending 09 May, 2014 new reports claimed that age would play a greater factor in relative performance than size as young hedge funds posted the highest cumulative returns since 2003. The 25 highest-earning hedge fund managers in the United States took home a total of $21.15bn in compensation in 2013; banks again are doling out money to hedge funds and other investors to finance purchases of complex debt securities; banks and hedge funds are also reported to push into peer-to-peer lending. Meanwhile, banks and hedge funds are also said to have made curious deals on new structured toxic-waste securities. Goldman Sachs extended a loan to Steven Cohen backed by his $1bn art collection; and Sir Michael Hintze donated £5 million ($8.48m) to London’s Natural History Museum.

Former Lehman economist John Llewellyn said he planned to launch a macro hedge fund; Blackstone Alternative Asset said it would launch a regulated fund of hedge funds in Europe; Carl Icahn's son, Brett Icahn, and David Schechter will launch a hedge fund management company; startup bitcoin fund Vaurum received $4m seed funding from Battery Ventures, Tim Draper and Steve Case; City Financial’s Asia Macro hedge fund, Counterpoint, was launched with over $120m in assets; and former Gartmore star Guillaume Rambourg launched a second UCITS-compliant fund for his P......................

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. News Briefs - Warren Buffett: Target date funds aren't the way to go, Cambridge Analytica could be reborn under a different name[more]

    Warren Buffett: Target date funds aren't the way to go Planning for retirement can be complicated and stressful. This is why target date funds - funds that are managed based on when you expect to retire - are so attractive. Over time, the balance of stocks, bonds and cash evolve automati

  2. Investing - Hedge funds hike Smurfit Kappa positions amid takeover deal hopes, Hedge fund IBV Capital digs deep to unlock long-term value in a competitive market, Eisman of 'The Big Short' fame recommends shorting Deutsche Bank[more]

    Hedge funds hike Smurfit Kappa positions amid takeover deal hopes From Irishtimes.com: Two US hedge funds, Davidson Kempner and York Capital, have accumulated a combined 4.74 per cent interest in cardboard box maker Smurfit Kappa using financial derivatives. It comes as many investors cl

  3. Foundations of hedge fund managers gave big to controversial donor-advised funds[more]

    In the world of philanthropy and tax-deductible charitable giving, the explosion of donor-advised funds has touched off intense debate. Now, there is evidence that the DAF boom is being further fuelled by hedge fund foundation money. Four of the top five foundations that gave the most to large do

  4. Study: For hedge funds, smaller is better[more]

    From Institutionalinvestor.com: The smaller the hedge fund is, the better its performance is likely to be, according to a new study. The study - "Size, Age, and the Performance Life Cycle of Hedge Funds," released April 26 - sought to determine whether a hedge fund's size and age had any effect on i

  5. Hedge fund returns rose in April for first gain since January[more]

    From Bloomberg.com: Bloomberg Hedge Fund Database shows returns flat this year - Currency strategies had the biggest monthly gain at 13% Hedge fund returns increased 0.78 percent in April, reversing two consecutive monthly declines. The swing of 134 basis points was driven by gains in all seven