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Alternative Market Briefing Weekly

U.S. Federal Prosecutors Arrest Seven in Connection with Alleged Insider Trading Plot at Several Hedge Funds, and Other Hedge Fund News - week 3

Saturday, January 21, 2012

In the week-ending 20th January, 2012, it was reported that Hedge Fund Securities wants to raise $78m by March 2013 by offering hedge funds launched by Epic Partners Investment Co.; Merchant House Group launched the Merchant Astor Long/Short UCITS Fund that will run on its independent UCITS umbrella platform; and PROSPER Funds launched a long/short fund investing in US equities called PROSPER Stars & Stripes Fund.

Alexandre Andreani of Andreani & Associés entered into strategic partnership with a Swiss family office to launch a new quantitative managed account; Lazard launched a low volatility fund on the belief that lower volatility can make better returns; Renaissance Technologies, the $20bn investment firm founded by Jim Simons, started a new hedge fund, its first in five years; 361 Capital launched the a managed futures index with a counter-trend equity strategy; and AMT Futures added an IQ-C trading programme to the long standing The IQS Performance Fund.

Tell Investments shut down its fund after 15 years of trading; and Jupiter closed its Bermuda-based hedge operation after suffering a net outflow of £225m in the final three months 2011.

The RBC Hedge 250 Index was down 0.37% (est.) in December, -2.92% in 2011; The Dow Jones Credit Suisse Hedge Fund Index fell -0.22% (-2.52% in 2011); The Newedge CTA Index was up 0.46%, (-4.45% for 2011); The HFRX Absolute Return Index declined -0.13% (-3.72% in 2011); And the Morningstar MSCI Composite Hedge Fund Index went down 2.7% in 2011.

Research by Zenith Investment Partners showed that 'best in breed’ Australian market neutral hedge funds outperformed long only equities strategy last year; Lansdowne Partners em......................

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