Sat, Dec 10, 2016
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. Institutions - Texas County & District culls 5 hedge funds, reallocates to existing managers, Kentucky board gives final approval to halve hedge fund portfolio, $38bn Finnish fund moves assets to U.S. as Europe flounders, South Korea’s National Pension Fund holds 5% stake in 62 listed companies[more]

    Texas County & District culls 5 hedge funds, reallocates to existing managers Texas County & District Retirement System, Austin, continues to reduce the number of hedge funds, but not the size of its $6.2 billion hedge fund portfolio. It will redeem a total of $760 million from five hedg

  2. Opalesque Roundtable: Australian family offices search for good risk adjusted returns, happy to pay for skill[more]

    Komfie Manalo, Opalesque Asia: Australian family offices want foremost good risk adjusted returns, and they are happy to pay for the skill, and in some cases, the limited capacity of an active manager. Jonas Daly, Head of Distribution at B

  3. StepStone announces close of Swiss Capital acquisition[more]

    StepStone Group LP announced it has successfully closed the acquisition of Swiss Capital Alternative Investments AG, one of the leading private debt and hedge fund solutions providers in Europe. The transaction was originally announced in May 2016, and has been in the process of receiving regulatory

  4. Investing - Stephen Cohen investing $275m in free clinics treating veterans' mental health issues, California Resources loses favor with hedge funds[more]

    Stephen Cohen investing $275m in free clinics treating veterans' mental health issues From Healthcarefinancenews.com: …Now, a new chain of free mental health clinics for vets has opened in five cities across the United States to fill the gap. The much-needed new treatment is underwritten

  5. Hedge funds flat in last week of November 'in sympathy with markets’[more]

    Komfie Manalo, Opalesque Asia: Hedge funds were close to flat in the last week of November in sympathy with markets, which took a pause ahead of the OPEC meeting and Italian referendum. The Lyxor Hedge Fund Index was -0.1% as of end November 29 (-1.7% YTD), according to the latest