Wed, May 6, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing Weekly

Hedge funds returned to profits column in November: hedge fund news, week 49

Saturday, December 08, 2012

In the week-ending 07 December 2012, former Soros Fund founding manager William Seibold was reported to be planning to launch a distressed hedge fund for Europe; Blackstone is preparing to launch a portfolio of alternative strategies; Innocap Investment teamed up with Akira Capital to launch a commodity hedge fund; Fidelity Investment is offering its retail clients access to hedge-fund firms through a mutual fund launched in partnership with Arden A. M. Data provider Preqin said that a record 187 quant funds launched last year and account for 12% of all hedge fund start-ups since the financial crisis.

Hedge funds Kleinheinz Capital Partners and Corriente Advisors respectively sent letters to their investors to inform them they would close down and return their money; Apson Capital, which was seeded Oaktree Capital, will return money to investors, blaming the “lack of trends and low volatility across asset classes” for its closure; Tradex Global Advisors said it would shutter its flagship multi-strategy FoHFs at the end of the year and launch a series of concentrated sector FoHFs and single manager vehicles; and Diamondback Capital announced its decision to close down after panicky investors pulled out more than half a billion dollars in assets.

The Credit Suisse Liquid Alternative Beta Index fell -0.24% in November (+2.07 YTD); The Dow Jones Credit Suisse Core Hedge Fund index closed up 0.33% (+2.37% YTD); The Greenwich Global Hedge Fund Index increased +0.62% (4.90% YTD); The Lyxor Hedge Fund Index was up 0.41% (1.98% YTD); The IndexIQ Hedge Global Macro Beta Index was down -0.60% (+6.08% YTD); The Parker FX Index reported a -0.37% return (-1.28% YTD); eVestment HFN said hedge funds returned an average of 0.69% (5.97% YTD); The HFRX Global Hedge Fund Index was up 0.41% (+2......................

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. Avenue Capital raises $700m for new energy hedge fund[more]

    Komfie Manalo, Opalesque Asia: Global hedge fund Avenue Capital Group, which manages $13bn in assets as at end March, reported that it raised an additional $700m for a new energy fund that it plans to launch in May. Avenue Ca

  2. SEC charges funds of hedge funds Alpha Titans, executives, and auditor for improper expense allocations[more]

    Update: Please note the important updated information at the end of the article.The Securities and Exchange Commission today announced charges against a Santa Barbara, Calif.-based hedge fund advisory firm and two executives involved in improper allocations of fund assets to pay undisclose

  3. Opalesque TV: Aequam Capital: Asset management industry will be mainly quantitative going forward[more]

    Benedicte Gravrand, Opalesque Geneva: Before starting his boutique in 2010, Arnaud Chretien, co-founder and CIO of Aequam Capital, worked ten years as a market trader and 18 years as a quantitative and systematic fund manager for Soc

  4. Class-action lawsuit accuse hedge fund Standard General of holding American Apparel hostage[more]

    Komfie Manalo, Opalesque Asia: A shareholder class-action suit filed on Wednesday accused New York-based hedge fund Standard General of holding American Apparel hostage. It would reportedly reap huge benefits if the clothing company declared bankruptcy. Standard General is the controlling sto

  5. Aberdeen Asset Management suffers high emerging market outflows[more]

    From FT.com: Investors withdrew billions of pounds from Aberdeen Asset Management as money continued to drain from Europe’s largest independent investment group because of worries over emerging markets. Net outflows for the six months to the end of March rose to £11.3bn, higher than market expectati

 

banner