Sun, Feb 14, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing Weekly

Paulson, Soros pile up on gold: hedge fund news, week 47

Saturday, November 24, 2012

In the week-ending November 23rd, 2012, we heard that MainStay Investments had launched a new fund of hedge funds tailored to financial advisers with wealthier clients; Matterhorn Investment Management, a $400m London-based hedge fund, is to launch an emerging-markets hedge fund next year targeting South-east Asia; and Revere Capital Advisors just launched REM Marketing Solutions, to offer marketing advice and product consulting to early-stage hedge fund manager.

Libra Advisors LLC, a $2 billion hedge-fund firm, plans to return outside investors’ money, citing difficult markets made riskier by “unconventional monetary policies,” and said they are planning to become a family office; $230m-long/short equity hedge fund firm OMG Capital, which was set up in 2004 and grew to run $930m in 2009, is closing down and returning all money to investors, as the CIO said: “our strategy doesn’t work in the current environment.”

Citi has a $6bn hedge fund platform which consists of Tribeca, Old Lane, and other hedge funds with about $2.5bn-$3bn invested in, and recently decided to give the platform to the managers and spin them out.

The Emanagers Total Index lost 1.07% in October, reducing its YTD performance to +3.33%; The Dow Jones Credit Suisse Hedge fund Index went down 0.18% (5.42% YTD); The Barclay CTA Index was down 1.74% (-1.36% YTD) as 70% of managers ended the month with a loss; According to Edhec-Risk, the performance of hedge fund strategies exposed exclusively to equity-related risk factors remained positive despite the market environment (Equity Market Neutral: 0.34% (2.4% YTD), Long/Short Equity: 0.25% (5.5% YTD)) thanks to a strong dynamic alpha; The Scotiabank Canadian Hedge Fund Index e......................

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. Asia - Hedge fund manager Kyle Bass estimates China's foreign reserves below critical level[more]

    From Nasdaq.com: Investor Kyle Bass stepped up his attack on China's currency, arguing in an investor letter distributed Wednesday that the second-largest economy's foreign reserves are "already below a critical level." The comments mark the latest effort by hedge funds and other investors to raise

  2. Investing - Some hedge funds want to make subprime auto loans next big short, 11 hedge funds that are “all in” on the FANG stocks, Hedge funds short London luxury homes, Cynet raises $7 million from U.S. hedge fund[more]

    Some hedge funds want to make subprime auto loans next big short From Bloomberg.com: A group of hedge funds, convinced they have found the next Big Short, are looking to bet against bonds backed by subprime auto loans. Good luck finding a bank willing to do the trade. Money manage

  3. Investing - Hedge funds see selloff in European bank stocks as buying opportunity[more]

    From WSJ.com: The massive selloff in European bank stocks and bonds is overdone and presents a “phenomenal” buying opportunity, according to some of Europe’s top hedge-fund managers. Despite a 28% slump in European bank stocks this year, including a 38% fall in Deutsche Bank AG and a 34% drop in Soc

  4. Legal - Carlyle accused of fraud by ex-employee, Hedge funds win CDS breach of contract suit against Deutsche Bank, Hedge fund asks for OK on $27.5m Goldman CDO deal, SFO examines Barclays hedge fund profits[more]

    Carlyle accused of fraud by ex-employee From AI-CIO.com: A former portfolio manager claims he was fired for blowing the whistle on “crazy” and “irresponsible” investments. Carlyle Group has been sued by a former portfolio manager for one of its hedge funds, who accused the firm of “knowi

  5. Illiquid assets are all the rage for hedge funds[more]

    From Valuewalk.com: …Institutional investors are increasingly turning to illiquid assets and active management strategies to combat macroeconomic trends, anticipated market volatility and diverging monetary policy, according to a new survey by Blackrock. And this week, Bloomberg has reported that at