Fri, Aug 28, 2015
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

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. Commodities - Commodity hedge funds lose most in three years as rout deepens, Funds bet on Shell deal as oil prices plunge[more]

    Commodity hedge funds lose most in three years as rout deepens From Bloomberg.com: Hedge funds betting on commodities lost the most in almost three years in July as the price-rout deepened. Funds lost money for a third month, according to the Newedge Commodity Trading Index, which was re

  2. Investing - Hedge funds suddenly find real money is back in Argentina's debt, Elon Musk buys more SolarCity stock following hedge fund manager short, BlackRock plans to get into rental-home financing[more]

    Hedge funds suddenly find real money is back in Argentina's debt From Bloomberg.com: The real money is back in Argentina. Before the country’s default in July 2014 (its second in 13 years), most long-term investors abandoned its bond market. As they rushed out, Argentina became a favorit

  3. JTC acquires Kleinwort Benson’s fund administration business[more]

    Bailey McCann, Opalesque New York: JTC has completed the acquisition of Kleinwort Benson’s fund administration business, boosting assets under administration (AuA) to $56 billion. Kleinwort Benson is based in the Channel Islands, South Africa. The transaction, which relates to the whole of K

  4. Performance - Hedge funds set to bank millions by short selling during London share slump, The China market chaos has made this hedge fund its most money in 2 years, Odey hedge fund said to surge 9% betting against China, Hedge funds with long-held bearish views on China rack up profits, Hedge funds in U.S. seen curbing damage from August turbulence, Hedge funds collect on their predictions of a fall, How did managed futures do while the Dow was down 1000[more]

    Hedge funds set to bank millions by short selling during London share slump From TheGuardian.com: Hedge funds are set to bank tens of millions of pounds from the slump in share prices in London, having bet almost £18bn that the FTSE 100 would fall. The funds making the bets include Lansd

  5. Opalesque Exclusive: John C Head IV leaves alternative investment firm Gallery Capital, David Harrison joins as co-CIO[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: John C Head IV, former president and co-founder of Gallery Capital Management, an alternative inv

 

banner