Sun, Sep 21, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing Weekly

Goldman Sachs data shows, again, that S&P outperforms hedge funds YTD: hedge fund news week 48

Saturday, December 01, 2012

In the week-ending 30 November, 2012, it was reported that Muddy Waters’ founder Carson Block would launch a hedge fund that will short Chinese firms; Brummer & Partners raised $650m for its new Carve capital structure arbitrage strategy; Gramercy Advisors started a distressed credit fund with $200m in commitments; three former JPMorgan Chase and Barclays executives are planning to launch an energy hedge fund in January; Indian investment bank AGacquisitions is to launch its first hedge fund which will focus on index strategy; Newscape Capital Group launched a currency UCITS Fund; and EMCO Capital Advisers launched an alternative investment fund focused on investment in late night licensed venues in the UK. Portman Square Capital, a hedge fund to be launched by the former global head of proprietary trading at Citigroup, Sutesh Sharma, is more than half way off its launch target of $500m, Financial News reported.

Hedge fund manager Julian Barnett will shut down his Ridley Park Paragon long/short equity fund after two years, as he was unable to repeat the previous success of his Polar Capital fund.

'Alternative Alternatives' investment funds lost 1.42% in October on average (+1.99% YTD); And the Morningstar MSCI Composite Hedge Fund Index was down -0.8% that month (+4.0% YTD).

Goldman Sachs’ hedge fund trend monitor said that hedge fund returned 5.9 % on average whereas the S&P 500 was up by 14.5% at the end of Q3 (and Goldman Sachs' VIP Basket strategy returned 18.7%); Henderson’s Credit Alpha was up 5% in October; Fortress’ Macro Fund gained 12.75% YTD; the Howard Credit Catalysts returned 12.7% and saw AuM increase to $183.5m; Omega Advisors was up 27% YTD; s......................

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. SEC charges 19 investment firms and one trader for breach of Rule 105[more]

    Benedicte Gravrand, Opalesque Geneva: The Securities and Exchange Commission (SEC) started a push to enhance the enforcement of Rule 105 of Regulation M last year to uncover hedge funds and private equity firms that have illegally participated in an offering of a stock after short selling it duri

  2. Fund managers, bullish on Europe, anticipate monetary policy separation of Fed and ECB[more]

    Komfie Manalo, Opalesque Asia: At least 202 fund managers with $556bn of assets under management said that while the European Central Bank (ECB) has eased its monetary policy that sent sentiments towards Europe to pick up, the Fed is expected to hike its rate in the spring of 2015. Investor

  3. Institutions - North Carolina workers call on state pension to dump up to $6bn in hedge funds, UK pension fund criticizes hedge fund fees[more]

    North Carolina workers call on state pension to dump up to $6bn in hedge funds From Forbes.com: The State Employees Association of North Carolina this afternoon called on state Treasurer Janet Cowell to withdraw all investments in hedge funds, which appear to amount to approximately $6 b

  4. News Briefs - Limited partners of investment managers may be subject to self-employment taxes, Just one week left until NYC's Rocktoberfest[more]

    Limited partners of investment managers may be subject to self-employment taxes On September 5, 2014, the Internal Revenue Service (“IRS”) issued Chief Counsel Advice 201436049, concluding that members of an investment manager were subject to self-employment taxes with respect to their e

  5. Institutions - Adviser's faith in hedge funds unshaken by CalPERS' move Advisers weigh in on CalPERS’ decision, Gina Raimondo sees no reason to follow California’s lead, exit hedge funds, Danish pension funds step up 'alternative investments'[more]

    Adviser's faith in hedge funds unshaken by CalPERS' move From WSJ.com: Financial advisers who use hedge funds in their clients' portfolios say they aren't rethinking that approach after a huge California pension fund announced plans to exit the hedge-fund market. The decision by the Cali