Fri, Oct 20, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing Weekly

Hedge fund assets reach a record $2.13tln, but most are reducing risks – and other hedge fund news, Week 16

Saturday, April 21, 2012

In the week-ending 20 April, 2012, it was reported that former Goldman proprietary desk chief George Assaly would launch an equity-focused quant hedge fund named Alcova Asset Management; Zurich based global macro hedge fund manager Rialto Capital , announced plans to launch its second product during Q3; BlackRock launched its first U.S. equity hedge fund, the BlackRock Large Cap Series Hedge Fund; Julian Robertson’s Tiger Management said they would back a new hedge fund run by Knut Kjær; Miami-based Traders Alliance launched an in-house fund of hedge funds; and Renaissance Technologies begun trading its new hedge fund on March 1 with $3.5bn in assets.

Moore Capital Management-backed Salute Capital Management, run by Lev Mikheev announced plans to liquidate after its hedge fund lost 11% last year.

The Barclay Hedge Fund Index gained in March 0.19% (+5.69% YTD); The Dow Jones Credit Suisse Hedge Fund Index finished up +0.05% (+4.40% YTD); The Barclay CTA Index was down -1.21% (-0.27% YTD); The EDHEC Convertible Arbitrage Index went up +0.63% (+5.3% YTD); The Newedge CTA Index went down -1.88% (-0.45% YTD); The RBC Hedge 250 Index returned +0.36% (+3.35% YTD); The Hedge Fund Intelligence Global Composite Index was up +0.13% (+3.33% YTD); The Parker Global Strategies Currency Managers Index dropped -2.23% (+0.27%, YTD); The Scotiabank Canadian Hedge Fund Index ended March -4.06% (-3.77% YTD) on an asset weighted basis; And the HFRX Global Hedge Fund Index lost 0.33% MTD in April (+2.80% YTD).

Former Deutsche Bank Greg Lippmann’s credit hedge fund LibreMax Partners gained +1.41% in March (+5% YTD); BlackRock posted $572m in net income......................

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. Regulatory - David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge, Carried interest tax: How much does it matter?, Odey sees 'terrifying' mix in MiFID, tapering, asset values, Hedge funds come together to share cost of MiFID and research, SEC turns up the heat on U.S. investment advisers, India's Sebi asks hedge funds to report investments in commodity derivatives[more]

    David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge From CNBC.com: David Stockman is warning about the Trump administration's tax overhaul plan, Federal Reserve policy, saying they could play into a severe stock market sell-off. Stockman, the R

  2. North America - Puerto Rico rejects loan offers, accusing hedge funds of trying to profit off hurricanes[more]

    From TheIintercept.com: Puerto Rico has rejected a bondholder group's offer to issue the territory additional debt as a response to the devastation of Hurricane Maria. Officials with Puerto Rico's Fiscal Agency and Financial Advisory Authority said the offer was "not viable" and would harm the islan

  3. Investing - WPP targeted by short-selling American hedge fund, Sun co-founder sells secretive hedge fund on big chip trade[more]

    WPP targeted by short-selling American hedge fund From Cityam.com: An American hedge fund has mounted a bet against WPP, the world's largest advertising group, with a trade worth almost £90m. Lone Pine Capital has built a short position worth 0.51 per cent of the FTSE 100 company,

  4. Hedge funds up as industry adjusts to rising rates[more]

    Komfie Manalo, Opalesque Asia: Hedge funds have reshuffled their portfolio after nearly four weeks of rising rates as the Lyxor Hedge Fund Index was up +0.2% from 19 September to 26 (+1.1% YTD), fuelled by strong results of global macro funds, Lyxor Ass

  5. Manager Profile - How the world's hedge fund king used 'idea meritocracy' to become a billionaire[more]

    From Forbes.com: In 1982, Ray Dalio made what he calls the biggest mistake of his life. He made a bet that there would be an economic collapse stemming from a debt crisis. And he was wrong. He lost money. He lost his client's money. He had to let people go from his firm and borrow money from his dad