Sat, Sep 20, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing Weekly

Hedge funds average returns of 3 to 4% YTD but underperform equity markets – and other hedge fund News - Week 10

Saturday, March 10, 2012

In the week-ending February 10, 2012, it was reported that JP Morgan’s head of proprietary trading Mike Stewart had left the firm to launch his own hedge fund to be called Whard Stewart; the Danish asset management firm Sparinvest said it would launch two emerging market value Ucits funds in May; former college wrestling champion Noel Thompson will launch his first hedge fund, the $50m Thompson Global Partners, on March 26; BNY Mellon launched the UCITS-compliant emerging market corporate bond fund to be run by its subsidiary, Insight Investment Management.

Former Huatai Asset Management CIO Yang Yang and veteran derivatives trader Yiming Liang have joined forces to launch a macro hedge fund Goldstream Absolute Return Fund; Oaktree Capital Management was reported to have raised $3.9bn to launch the distressed European asset fund, the European Principal Fund III; options-trading hedge fund manager Gargoyle Group has launched what it claims is the first market neutral fund that has a continually-monitored index options overlay; and former Mitsubishi Mitsubishi UFJ Morgan Stanley Securities credit trader Yoshihito Asakawa will start a Japan-focused hedge fund in May with about ¥500m in initial capital.

The HFRI Fund Weighted Composite Index gained +2.14% in February (+5% YTD); The Eurekahedge Hedge Fund Index went up +2.06% (4.30% YTD): The Hennessee Hedge Fund Index advanced +1.72% (+4.07% YTD); The Dow Jones Credit Suisse Core Hedge Fund Index closed up +1.31% (3.60% YTD); The Credit Suisse Liquid Alternative Beta (LAB) Index was up +1.71%; And the UCITS Alternative Index Global returned +0.87% (+2.25% YTD).

Chicago-based hedge fund manager AM Capital ......................

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. SEC charges 19 investment firms and one trader for breach of Rule 105[more]

    Benedicte Gravrand, Opalesque Geneva: The Securities and Exchange Commission (SEC) started a push to enhance the enforcement of Rule 105 of Regulation M last year to uncover hedge funds and private equity firms that have illegally participated in an offering of a stock after short selling it duri

  2. Fund managers, bullish on Europe, anticipate monetary policy separation of Fed and ECB[more]

    Komfie Manalo, Opalesque Asia: At least 202 fund managers with $556bn of assets under management said that while the European Central Bank (ECB) has eased its monetary policy that sent sentiments towards Europe to pick up, the Fed is expected to hike its rate in the spring of 2015. Investor

  3. Institutions - North Carolina workers call on state pension to dump up to $6bn in hedge funds, UK pension fund criticizes hedge fund fees[more]

    North Carolina workers call on state pension to dump up to $6bn in hedge funds From Forbes.com: The State Employees Association of North Carolina this afternoon called on state Treasurer Janet Cowell to withdraw all investments in hedge funds, which appear to amount to approximately $6 b

  4. Investors looking at other sources for hedge fund-like returns[more]

    Komfie Manalo, Opalesque Asia: Investors who are always on the lookout for higher gains are looking at alternative sources of income, particularly exchange-traded fund industry that generates hedge fund-like returns, according to

  5. News Briefs - Limited partners of investment managers may be subject to self-employment taxes, Just one week left until NYC's Rocktoberfest[more]

    Limited partners of investment managers may be subject to self-employment taxes On September 5, 2014, the Internal Revenue Service (“IRS”) issued Chief Counsel Advice 201436049, concluding that members of an investment manager were subject to self-employment taxes with respect to their e