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Alternative Market Briefing Weekly

Smaller hedge funds outperformed their bigger rivals: hedge fund news, week 32

Saturday, August 11, 2012

In the week-ending 10 Aug 2012, it was reported that former Citadel credit chief Chris Boas was reported to be planning to launch a new hedge fund; commodities hedge fund Armajaro Asset is set to launch a fund to invest in financial stocks; Three Arrows Capital announced its plan to launch a new Asian Arbitrage Fund in September.

Hamburg-based Aquila Capital has launched the AC - Risk Parity 17 Fund which has expanded its risk parity offering; and Sturgeon Capital said it would launch its new UCITS IV equity fund, the Sturgeon Central Asia Equities Fund in Q3 this year.

JP Morgan Asset announced last week it would close down its hedge fund dedicated to Catholics; and Thames River said it would close Ken Kinsey-Quick's £54m Multi Hedge fund and return the cash to shareholders in September.

The HFRX Global Hedge Index gained +0.54% in July (+1.77% YTD); The HFRI Fund Weighted Composite gained +1.1% (+2.88% YTD); The Eurekahedge Hedge Fund Index was up +1.15% (+2.62 YTD); The Hennessee Hedge Fund Index advanced +0.47% (+2.78% YTD); The UCITS HFS Index breaks negative trend, up +0.97% last month; and the UCITS Alternative Index Global was up 0.84% (+0.50% YTD).

Fresh data showed that some smaller hedge funds outperformed their much bigger rivals so far this year; GAM offered some insights into the July hedge fund performance; activist investor Bill Ackman’s Pershing Square Capital and David Einhorn’s Greenlight Capital outperformed last month with +1.5% and +2.7% gains respectively; data obtained by Bloomberg showed that Daniel Loeb’s Third Point profited from dislocations in European credit markets in July; Canadian managed futures advisory firm Blackheath ......................

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