Mon, Feb 27, 2017
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. Opalesque Exclusive: Swiss investors take fund seeding and acceleration into their own hands[more]

    Benedicte Gravrand, Opalesque Geneva: Banque Bonhote, a 200-year old Swiss private bank, last year launched a community of investors - heads of Swiss family and advisory offices and wealth managers - with the aim of co-investing in the kind of managers they wanted to invest in, either by way of s

  2. K2 Advisors : Why We Like Activist Hedge Fund Strategies and Some Thoughts on Alpha[more]

    Matthias Knab, Opalesque: Rob Christian, Senior Managing Director, Head of Research K2 Advisors, Franklin Templeton Solutions, writes on Harvest Exchange: When d

  3. Ex-Navy SEAL backed by Mario Gabelli, Jean-Marie Eveillard and other value giants off to strong start[more]

    From Valuewalk.com: Sententia Capital Management is not your average value focused hedge fund. The fund was founded by Michael Zapata, a former Navy Seal Team 6 Officer and has attracted funding from some of the best-known names in the value space. Mario Gabelli, Jean-Marie Eveillard from First Eagl

  4. Europe - 1 trillion euro non-performing loans are clogging EU lending channels[more]

    From Centralbanking.com: As much as 1 trillion euro of non-performing loans (NPLs) are still clogging the lending channel in the European Union. An EU asset management company (AMC) could address market failures in the secondary market for NPLs as part of a suite of measures designed to tackle the b

  5. Investing - Hedge funds' novel approach: investing for longer at lower returns, U.S. hedge fund Delta Partners lifts stake in Bellamy's, Hedge funds stockpile cobalt, electric carmakers on battery alert, Facebook is racking up the likes among the world's biggest hedge funds, Einhorn affirms gold on Trump uncertainty[more]

    Hedge funds' novel approach: investing for longer at lower returns From FNLondon.com: Hedge funds are known for making short-term bets, dipping quickly in and out of markets to take advantage of swings in prices. But, under pressure to innovate, some big-name managers are looking at ways