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 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

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