Tue, Jun 30, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing Weekly

Review of hedge fund launches, closures, trends, regulatory and legal events - week 32

Saturday, August 13, 2011

As August settles in the number of launches has dwindled, although we did hear that Fund Evaluation Group raised $300m for a new fund, and Lyxor Asset Management confirmed a plan to launch a UCITS hedge fund platform during the Opalesque France Roundtable.

Hedge funds assets expanded after investors poured money into the industry ahead of the global market volatility. Leon Cooperman, Chief Executive Officer of New York-based hedge fund Omega Advisors Inc., sold all of his Bank of America Corp. and Citigroup Inc., shares.

Hedge funds rebounded in July and outperformed global markets by +3.21% after finishing the month up +2.52%YTD. Galloway Global Emerging Markets Fixed Income Fund delivered +2.14% returns in July (+7.00% YTD). K2 Asset Management (KAM) has recorded an after-tax profit of $15.4 million for the 2011 financial year. Mark Spitznagel's hedge fund Universa was up 20%-25% this year.

The market rout last week saw mixed performances as big names like Brevan Howard, Man Group's AHL and Winton managed to make money. Also profiting from the worst route in the equity markets since 2008 were Vulpes Investment Management, Ballingal Investment Advisors Ltd., Riley Paterson Investment Management, and Och-Ziff Capital Management Group LLC.

Other hedge funds felt the crunch of the market volatility and lost money. Most hedge funds are struggling from the extreme sell-off in financials, said Troy Gayeski, senior ......................

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. Opalesque Exclusive: New systematic strategy managed alongside research firm outperforms S&P500[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging CTA manager explains how he runs his strategy, which is based on an index produced by a research firm. Peter Turk is head of

  2. Hedge funds panic over Greece[more]

    Komfie Manalo, Opalesque Asia: Some investors are in panic mode as Greek Prime Minister Alexis Tsipras announced Sunday night that the banks and the stock market would be closed Monday, said

  3. Alternative investment industry could grow to $13.6tln in five years[more]

    Komfie Manalo, Opalesque Asia: Leading auditing and advisory group PwC said that the global alternative investment industry, which includes hedge funds, private equity and real assets, is set to increase to $13.6tln within the next five years. "Be

  4. Qbasis gets $200m-plus investment in 'black swan' hedge fund[more]

    From Reuters.com: A hedge fund that more than doubled clients' money during the 2008 financial crisis has attracted more than $200 million from an investor aiming to cash in on fresh ructions in global markets. Qbasis Invest has secured the investment from Britain's Omada Capital, Florian Wagner, wh

  5. Outlook - Jim Rogers: Turmoil is coming[more]

    From Peakprosperity.com: Two years since his last interview with us, investor Jim Rogers returns and notes that the risks he warned of last time have only gotten worse. In this week's podcast, Jim shares his rational for predicting: increased wealth confiscation by the central planners

 

banner