Wed, Oct 26, 2016
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing Weekly

Hedge funds down around 1.8% on average in May: hedge fund news, week 23

Saturday, June 09, 2012

In the week-ending 08 June 2012, it was reported that Crescent Point Group had partnered with Charles Stone, most recently of CastleBay Capital Management, to launch a hedge fund; former CQS portfolio manager John Park announced plans to launch his maiden hedge fund next month; Horizons Exchange Traded Funds and its affiliate AlphaPro Management launched two new black swan ETFs; and AlphaClone launched its first hedge fund replication ETF.

Last week also saw several fund closures with Former Lehman Brothers trader Allan Bedwick announcing he would shut down his $120m Asia hedge fund; Matrix Asset Management will shut down its New Europe UCITS fund after manager David Thornton left the firm; and Fortelus said it would liquidate part of its flagship fund following pressures from investors.

The HFRX Global Hedge Fund Index posted decline of -1.69% in May (1.52% YTD); The HFRI Fund Weighted Composite Index declined -1.6% (+2.5% YTD); The Greenwich Global Hedge Fund Index was down -1.48% (+2.30% YTD); The Bloomberg Hedge Funds Index fell -2.9% (-1.3% YTD); The Credit Suisse Liquid Alternative Beta Index was down 2.3%; The Index IQ Hedge Global Macro Beta Index was down -0.39% (+2.39% YTD); And the UCITS Index showed loss of -1.36% (-0.10% YTD).

Hedge funds performance dropped last month; the four 'most significant’ Och-Ziff master hedge funds reported an estimated decline in May; Elliott International’s hedge fund lost 1.4%; William Ackman and Daniel Loeb failed to escape last month's sharp sell-off and reportedly finished May in the red; Josh Fink's hedge fund Enso Global Fund fell 7% through April after losing 60% in 2011; and Conquest Cap......................

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. M&A - U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga, Hedge fund Parvus shows hand, toppling William Hill merger deal[more]

    U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga From The fierce battle to buy Britain's biggest private equity group has come to an unexpected conclusion, with the original bidder walking away with the prize. SVG Capital has agreed

  2. Marc Lasry: Energy is still a phenomenal opportunity[more]

    From Distressed debt specialist Marc Lasry said energy debt is still a "phenomenal opportunity" because investors can get "massively overpaid" for the risk they take on. There are "huge opportunities" in the energy sector especially in restructurings, the Avenue Capital Group CEO said Tues

  3. Opalesque Exclusive: Ex-SAC manager re-emerges with market neutral hedge fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: A manager re-emerged from the SAC battleground last year to launch his own hedge fund under the umbrella of New York-based investment firm Endicott Group.

  4. North America - Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation, Billionaire hedge fund titans Dinan, Lasry on election, markets and best investment ideas[more]

    Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation From Kyle Bass, founder of Hayman Capital Management, on Wednesday warned that the U.S. is headed toward so-called stagflation. Stagflation is typically described as persistently high inflation and hi

  5. David Einhorn speaks on passive investing, Mylan, his cheapest stock, the Fed[more]

    From Greenlight Capital hedge fund manager David Einhorn (Trades, Portfolio) joined nine other famed investors on Tuesday to talk about stocks at the annual Great Investors’ Best Ideas Investment Symposium in Dallas. Presenters at the annual conference typically pitch one or severa