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Alternative Market Briefing Weekly

GAM’s latest report showed that the hedge fund industry posted strong returns after the EU summit : hedge fund news, week 27

Saturday, July 07, 2012

In the week-ending 06 July 2012, it was reported that Tudor Investment launched its first hedge fund in a decade with a $500m macroeconomic fund; ABS Investment Management launched its first commingled emerging markets equity long/short fund of hedge fund product; and Treedom Investments launched The Asia Renewable Resources Fund that allows institutions to invest in a green and sustainable economy.

Hong Kong's Galaxy Asset Management has shut down its China Absolute Return UCITS hedge fund just 19 months after setting it up.

The Australian Fund Monitors Hedge Fund Index outperformed equities in last twelve months (-1.7%); The 'Alternative Alternatives' investment funds lost 0.9% in May (+0.9% YTD); The Bank of America Merrill Lynch’s Hedge Fund Monitor investable hedge fund index was down -1.38% QTD; The HFRX Global declined -1.69% (+1.52% YTD), CTAs gained +2.81% in volatile month of May; The UCITS Alternative Index Global is down -0.23% in June (-0.33% YTD); and the Credit Suisse Liquid Alternative Beta Index up 1.40% (+4.71% YTD).

The hedge fund industry posted strong performance in June after the EU summit, said the latest GAMs "Insight Hedge Fund Performance in Q2."; but many major hedge fund managers failed to deliver alpha last month and posted losses, according to a Reuters report; R.G. Niederhoffer said his flagship hedge fund registered positive performance in June with 10% gains; Andrew Feldsteins’ flagship fund BlueMountain Capital Management returned +9.5% this year through June 22 after betting a......................

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