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Hedge fund assets surged to new record in Q3 by +3.6% to $2.19tln says HFR: hedge fund news, week 42

Saturday, October 20, 2012

In the week-ending 19 October, 2012, China private equity firm SAIF Partners revealed plans to launch a Greater China hedge fund; Amundi launched Amundi Funds Absolute Volatility Arbitrage Plus; and Morgan Stanley and SLJ Macro Partners launched a new fund under its Irish UCITS umbrella called the MS SLJ Macro UCITS Fund.

Hong Kong hedge fund Ardon Capital was seeded by a European family office and launched a new Asia-focused fund.

RoundKeep Capital Advisors said it would close its hedge fund amid a dearth of investment opportunities for the money manager.

The RBC Hedge 250 Index was up 0.61% for September (+4.52% YTD); The Barclay CTA Index was down 0.69% (+0.51% YTD); The Dow Jones Credit Suisse Hedge Fund Index was up 1.04% (+5.61 YTD); The Morningstar MSCI Composite Hedge Fund Index rose 0.7% (+4.8% YTD); The Newedge CTA index went down 0.86% (+0.10% YTD); The UCITS HFS Index returned 0.36% (+2.77% YTD); The EDHEC-Risk Alternative Indexes reports 2.76% September gain for emerging markets hedge funds (+4.8% YTD); And The HFRX Global Hedge Fund Index was up 0.20% through mid-October (+2.90% YTD).

Data tracker eVestment/HFN said that emerging markets-focused hedge funds achieved better performance of nearly 8% when the average hedge fund return is 5% YTD; and also according to eVestment, Middle East and Africa-focused funds are the best performing sub-sectors of the hedge fund industry in 2012 and are gathering assets. BlackRock reported Q3- 2012 diluted EPS of $3.65, up 19% from Q2 2012; former Goldman Sachs trader Josh Birnbaum posted 30% gains in his hedge fund Tilden Park;

Data provider HFR disclosed that hedge fund assets had surged to a new record in Q3 by +3.6% to $2.19tln; the SS&C GlobeOp Forward Redemption Indic......................

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