Wed, Aug 16, 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 35

Saturday, September 03, 2011

There were two launches reported last week: Touchstone Investments launched the Touchstone Merger Arbitrage Fund (merger arbitrage), and KeySquare Group announced it has launched its maiden fund, KeySquare Global Fund (global macro).

There was one fund closure as Tennenbaum Capital Partners said it has closed its Tennenbaum Opportunities Fund VI, LLC.

Hedge fund industry performance in August was the worst it has been since October 2008, as market turmoil brought big losses. European absolute return and multi asset flexible fund managers find they are being put to harsh questions by investors, especially in times of turmoil. Just as performance in August stumbled, AR Magazine released a new survey that showed investors put more value on performance than on any other factor.

The Swiss alternative investment company ALTIN AG is down -0.57% YTD (as of July 28th, 2011). Foreign-exchange hedge funds continued their dismal performance in July. Lansdowne Partners Ltd., and Odey European Inc., are in the midst of one of their toughest years managing money. John Paulson’s Advantage fund lost -12.8% in August (-25.8% YTD). And hedge fund 'clones' exchange-traded funds are outperforming the real thing.

The Opalesque A SQUARE Index was up +1.15% in July, (-0.4% YTD); the Parker FX Index down -0.03% in July, top performer up +8.80%; and the Morningstar Index has ditched the absolute return category from its sector classifications.

Hedge fund investors listed the top 10 agricultural companies they love to invest in. The industry is also bullish on TEVA Pharmaceutical. Hedge fund managers are allocating in retail stocks despite a decline in consumer spending. Marathon Oil remains the most favorite hedge fund energy stock in the second quarter. Temasek Holdings Pte. Ltd. and its subsidiary Seatown Holdings bought Bank Of America's China Construction Bank Corp. stake. And, Red Oak Partners signed a deal......................

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: Albright Capital puts a value lens on emerging markets[more]

    Bailey McCann, Opalesque New York: Over the past decade, investors have steadily increased investments in emerging markets private funds. Allocations to the cohort have increased from $93 billion in December 2006 to $564 billion in September 2016, according to data from research firm Preqin. Howe

  2. Other Voices: Crisis risk offset; about time?[more]

    This article was authored by Russell Barlow, global head of hedge fund solutions at London-based Aberdeen Asset Management. Like the ubiquitous force of gravity, when financial markets rise they must fall. The quest

  3. Comment: "Long-Term Investing": What managing drawdown risk can do to your long-term returns[more]

    Matthias Knab, Opalesque: Real Investment Advice writes on Harvest Exchange: Last week, I was having lunch with a prospective portfolio management client discussing the curre

  4. Jasper Capital International joins Hedge Fund Standards Board[more]

    Komfie Manalo, Opalesque Asia: Diversified and systematic investment firm Jasper Capital International has become the second China-based signatory to the Hedge Fund Standards Board (HFSB), an organization that brings hedge fund managers and investors together to set standards for the hedge fund i

  5. Investing - Hedge-fund honchos including David Tepper are loading up on Alibaba, Billionaire hedge fund manager Stanley Druckenmiller is betting big on the Chinese consumer, Big-name U.S. hedge funds shed healthcare stocks during the rally in second-quarter, U.S. hedge funds bearish on FAANG stocks in second-quarter, Hedge fund titan Viking Global made a $680 million bet on scandal-plagued Wells Fargo[more]

    Hedge-fund honchos including David Tepper are loading up on Alibaba From CNBC.com: David Tepper's Appaloosa Management and three other he ge funds took new stakes in Chinese e-commerce giant Alibaba in the second quarter, according to the latest quarterly filings. Appaloosa disclos