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Alternative Market Briefing

Opalesque Roundup: Hedge fund portfolios of large U.S. public pension funds in dramatic comeback: hedge fund news, week 49

Monday, December 04, 2017

In the week ending 01 December, 2017, hedge fund portfolio performance of large U.S. public pension funds staged a dramatic comeback in the year ended June 30 after two years sliding downward. Each of the 20 reviewed hedge fund portfolios of 17 U.S. state pension plans produced positive returns in the fiscal year whereas a year earlier 90% of the portfolios were in the red.

Gen2 Partners rose 48% through October by wagering that fears over North Korea would increase while worries of a Chinese credit crisis would recede; and Glen Point Capital gained 17.5% this year through October.

Continued positive aggregate returns to start Q4 lifted hedge fund assets to another all-time high to $3.25tln; Adamas Asset announced the completion of the first closing of the Adamas Ping An Opportunities Fund; EFAMA reported that net sales of UCITS and AIF totaled EUR 57bn, down from EUR 94bn in August; Japanese equities saw net inflows of €2.9bn (£2.6bn) in October; computer-powered trend-following hedge funds have enjoyed robust inflows in recent years; Churchill Asset has completed fundraising for Churchill Middle Market Senior Loan Fund with over $1.1bn; GoldenTree Loan announced the closing of a $734m collateralized loan obligation to be managed by GLM; and Folger Hill Asset has received a second commitment of up to $250m from trading magnate S......................

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