Thu, Oct 2, 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

Banner

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. Legal - Court throws out lawsuits related to Fannie Mae, Freddie Mac profits, Insider case by SEC is a step removed from Herbalife itself, SEC grants Citigroup waivers, easing hedge-fund curbs[more]

    Court throws out lawsuits related to Fannie Mae, Freddie Mac profits From WSJ.com: A group of Wall Street investors on Tuesday suffered a blow in their attempts to sue the federal government over their treatment of the shareholders of mortgage finance giants Fannie Mae and Freddie Mac af

  2. Launches - Goldman Sachs Asset Management launches GS Long Short Fund, Western & Southern launching international hedge fund, Lansdowne Partners plans energy hedge fund, RBC Global Asset Management launches new RBC Funds (Lux) - Asia Ex-Japan Fund, PVE Capital latest credit strategy to launch on the Sciens managed account platform[more]

    Goldman Sachs Asset Management launches GS Long Short Fund From Marketwatch.com: Goldman Sachs Asset Management has announced the launch of the Goldman Sachs Long Short Fund, which pursues high conviction investment ideas in global equity markets through a fundamental, bottom-up approach

  3. CalPERS’ move might alter hedge fund fees for good[more]

    Benedicte Gravrand, Opalesque Geneva: When CalPERS, the California Public Employees’ Retirement System, announced on September 15th that it was unwinding its hedge-fund portfolio, it was seen by many as is a significant blow to the sector’s appeal. The Fund is

  4. Opalesque Exclusive: Institutions eye private credit over traditional fixed income[more]

    Bailey McCann, Opalesque New York: Investing in private insurance, realty tax receivables, or investment-grade short-term accounts receivable may not spring to mind as a means of mitigating risk in a portfolio, but one firm, New York-based BroadRiver Asset Management is out to change all that. Th

  5. Short-term trading quant fund beats S&P since '09[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: A relatively new multi-strategy, market-neutral quantitative hedge fund has managed to outperform the S&P500 and the HFRX Global since 2009. New Jersey-ba