Wed, Sep 28, 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. Nobel Sustainability Trust, Prince Albert II of Monaco help launch major new initiative to drive sustainable technologies[more]

    Matthias Knab, Opalesque: The Nobel Sustainability® Trust ("NST") is leading a major new initiative to finance, incubate and accelerate the development of clean technologies. The initiative will start with the formation of the Nobel Sustainability Fund® ("NSF"). NSF will drive faster access t

  2. Studies - Hedge funds’ study reveals vast disparity in types of investors securing side letter arrangements, Cambridge: Look to private investments for best access to LatAm growth[more]

    Hedge funds’ study reveals vast disparity in types of investors securing side letter arrangements A new study of the hedge fund space by industry law firm Seward & Kissel LLP reveals a wealth of information regarding established hedge fund managers’ use of side letters—special agreements

  3. Activist News - Caesars 'optimistic' on deal with hedge fund creditors[more]

    From Reuters.com: Caesars Entertainment Corp said on Monday it remains "optimistic" of reaching a $5 billion deal with the bulk of its creditors to push its main operating unit out of bankruptcy, but one hedge fund bondholder said it will pursue litigation. Caesars offered a sweetened $5 billion set

  4. Hedge funds recover from losses as central banks give markets a respite[more]

    Komfie Manalo, Opalesque Asia: The Lyxor Hedge Fund index was up 0.4% from the week ending September 20 (-2.4% YTD), supported by the willingness of central banks to remain accommodative, Lyxor Asset Management said in its weekly briefing. It ad

  5. Perry Capital closing flagship fund after almost three decades[more]

    From Blooomberg.com: Richard Perry, one of the biggest names in hedge funds, is calling it quits after 28 years. Perry, 61, is winding down his New York-based flagship fund as the industry confronts one of the most tumultuous periods in its history. In a letter to investors Monday, he said his style