Wed, Nov 26, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing Weekly

Hedge fund assets down to $1.73tln on back of poor performance as managers buy dollars and short euros - and other hedge fund news, Week 52

Monday, January 02, 2012

Not surprisingly, there were few announcements of launches during the last week of the year. Eagle's View Capital Partners is planning to launch an offshore fund of funds on February 1; Peter Swartz, a former Galleon portfolio manager, is starting a new technology hedge fund for Fortress Investment Group; Stephen Diggle is to transfer his farm assets from his family office to Singapore-based Vulpes Investment Management and start a fund that will trade life-sciences companies; and AQR Capital is to launch three new hedge funds.

The hedge fund industry’s assets shrank by nearly $10bn last month to $1.73tln on the back of losses and withdrawals, said hedge fund tracker Eurekahedge. Research conducted by Lipper Research shows that fund investors took fright over the closing months of 2011, becoming net purchasers of fund assets for November but still investing $53.3bn into the conventional funds business.

The Emanagers Total Index went down 0.44% (est.) in November, -1.52% YTD; The 'Alternative Alternatives' investment funds index lost 0.50% (est.), -5.69% YTD; And the Bank of America Merrill Lynch Investable Hedge Fund Index was down 0.54% (est.) in December compared to -0.26% for the S&P 500.

Nobody is singing praises for this year’s hedge fund performance: Money invested in hedge funds since 2003 would have generated a return of 18% through November, according to data compiled by Hedge Fund Research, reported the WSJ. That puts it far behind the Standard & Poor’s 500-stock index, which has generated returns of 29% ov......................

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. Investing - George Soros puts $500m of his money on Bill Gross, Soros, Paulson backed Hispania Activos mulls Realia takeover, Ex-Credit Suisse trader’s hedge fund sees yen shorts as crowded, Hedge hunters double default-swaps as views split, Large hedge fund positions come under pressure, Vikram Pandit's fund picks 50% stake in JM Financial's realty lending arm for $87m[more]

    George Soros puts $500m of his money on Bill Gross From WSJ.com: Before Bill Gross was fully settled in at his new firm, Janus Capital Group Inc., he received an unlikely visit from the chief investment officer of famed investor George Soros ’s firm, according to a person familiar with t

  2. Legal - Hedge fund manager fights £8m tax tribunal ruling[more]

    From FT.com: A hedge fund manager who may have to repay £8m in tax is trying to overturn a tribunal ruling that found he had attempted to shelter millions in an avoidance scheme. Patrick Degorce, chief investment officer at Theleme Partners, lost a tax tribunal case last year. HM Revenue & Customs c

  3. Europe - Hedge funds face exit tax as Iceland central bank discusses plan[more]

    From Bloomberg.com: Hedge funds and other creditors with claims against Iceland’s failed banks face an exit tax as the island looks for ways to unwind capital controls without hurting the economy. The government targets having a plan it can present by year-end that would map out how Iceland will sca

  4. Opalesque Exclusive: Risk management emerges as a competitive focus area for hedge funds[more]

    Bailey McCann, Opalesque New York: Risk management has always been a core component of any trading strategy, as well as a critical part of business management. However, as macreconomic weakness persists, and alpha becomes increasingly hard to generate, risk management as emerged as a more promin

  5. Gross: Inflation is required to pay for prior inflation[more]

    Benedicte Gravrand, Opalesque Geneva: As inflation rises, every dollar will buy a smaller percentage of a good. While deflation will mean a decrease in the general price level of goods and services. These two economic conditions are both in the waiting room. The consensus would like the former to