Fri, Jun 23, 2017
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. Comment: For emerging market debt, a sustainable recovery[more]

    Matthias Knab, Opalesque: Standish Mellon Asset Management Company writes on Harvest Exchange: After several difficult years, the outlook for emerging market debt (EMD) denomin

  2. J.P. Morgan Global Alternatives raises distressed shipping fund[more]

    From Institutionalinvestor.com: J.P. Morgan Global Alternatives has closed a $480 million fund to invest in distressed shipping assets, attracting capital from pensions, endowments and insurance companies. The firm, which has been investing in maritime for more than a decade, initially targeted $400

  3. FinTech - Rise of robots: Inside the world's fastest growing hedge funds[more]

    From Bloomberg.com: Believe the hype. Quants have never been more popular. After doubling over the past decade, assets run by so-called systematic funds have hit a record $500 billion this year, according to estimates from Barclays Plc. In some ways, their meteoric rise is due to the same technolog

  4. Legal - Bond market concerns could scuttle Paulson's Fannie-Freddie plan[more]

    From Bloomberg.com: A hedge fund proposal for freeing Fannie Mae and Freddie Mac from U.S. control is poised to face stiff opposition from investors who say it risks wrecking the mortgage-bond market. The Moelis & Co. blueprint, which firms including Paulson & Co. and Blackstone Group LP sponsored,

  5. Other Voices: Are your pricing policies and procedures for less liquid instruments adequate?[more]

    Komfie Manalo, Opalesque Asia: The unrelated position mismarking incidents that quickly precipitated the closures of both Visium Asset Management and Marinus Capital have been recent focal points for market participants, but regulatory scrutiny of valuation choices for less liquid instruments is