Tue, Aug 4, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing Weekly

AIFMD implementation, end of Madoff settlements are nearing: hedge fund news, week 51

Saturday, December 22, 2012

In the week-ending December 21, 2012, Barclays Capital reported it would spin out its $2bn West Coast unit to launch a distressed debt hedge fund called Cloverfield Capital; former Citi executive Joel Salomon is reportedly preparing a long/short hedge fund that will focus on financial institutions; and Aaron Smith, former executive at computer trading firm Superfund, launched Pecora Capital and is opening up the quant fund to external investors.

The RBC Hedge 250 index was up +0.28% in November (+4.63% YTD); The final number for the Greenwich Hedge Fund Index was 0.36% (+4.6% YTD); The Dow Jones Credit Suisse Hedge Fund Index finished up 0.64% (+6.10% YTD); The Scotiabank Canadian Hedge Fund Index returned -0.16% (-4.66% YTD); The Barclay CTA Index fell 0.39% (-1.45% YTD); The Newedge CTA Index was down 0.15% (-3% YTD); The Emanagers Total Index gained 0.3% (+4.14% YTD); And the HFRX Global Hedge Fund Index gained +0.75% through mid-December (3.35% YTD).

Troy A.M.’s Trojan Fund is up 4.2% YTD; Daniel Loeb’s Third Point is expected to earn $500m in profits after making a bet that Greece would not be forced to leave the euro zone; Philip Falcone’s Harbinger Group declined 27% to $7.50 last week, its biggest decline on record; Odey A.M.’s UK Absolute Return Fund returned 33% YTD; and Thames River reported that it had failed to meet performance targets when the firm was acquired by F&C. Hedge funds lost 16% through short selling strategies YTD, reported Citiwire.

The latest ‘Top 100 U.S. Equity Hedge Funds’ list reveals that the top hedge funds’ assets increased by nearly $43bn, or 8.13%, over Q3; Eurekahedge reported that hedge fund assets had reached $1.77tln in November, up by $5.99bn from a month ago; the latest SS&C GlobeOp Forward Redemption Indicator for December 2012 ......................

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. Other Voices: Same day reporting and the evolving role of fund administrators[more]

    By: Scott Price, Head of Business Development and Client Management for North America, Maitland Ernst & Young’s latest glob

  2. Activist News - Celgene says patent-fighting hedge fund manager wants to short its shares[more]

    From Reuters.com: Celgene Corp, one of the world's largest biotechnology companies, has accused U.S. hedge fund manager Kyle Bass of attempting to profit from his attempts to wipe out several major drug patents through his Coalition for Affordable Drugs. The company asked the U.S. Patent and T

  3. Einhorn's Greenlight Capital hedge fund slumps 6.1 percent in July[more]

    From Reuters/Thefiscaltimes.com: Hedge fund mogul David Einhorn's Greenlight Capital slumped 6.1 percent in July and is now down 9 percent for the year after gold, one of the fund's top holdings, tumbled to five-year lows last week. Greenlight notified clients of its returns late on Friday, ac

  4. Cowen Group, Inc. to acquire Conifer Securities[more]

    Cowen Group, Inc. and Conifer Securities, LLC had announced the signing of a definitive agreement under which Cowen will acquire Conifer Securities, the prime services division of Conifer Financial Services LLC. The transaction, the terms of which have not yet been disclosed, was approved by the boa

  5. Cargill’s Black River Asset to shut down four hedge funds[more]

    Komfie Manalo, Opalesque Asia: Cargill Inc.’s $7.4 billion Black River Asset Management said it was closing four hedge funds with a combined $ 1 billion in assets and start returning investors money over the next several months, various media said. The hedge funds represent 15% of Black River’

 

banner