Fri, May 25, 2018
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. Investing - Hedge funds hike Smurfit Kappa positions amid takeover deal hopes, Hedge fund IBV Capital digs deep to unlock long-term value in a competitive market, Eisman of 'The Big Short' fame recommends shorting Deutsche Bank[more]

    Hedge funds hike Smurfit Kappa positions amid takeover deal hopes From Irishtimes.com: Two US hedge funds, Davidson Kempner and York Capital, have accumulated a combined 4.74 per cent interest in cardboard box maker Smurfit Kappa using financial derivatives. It comes as many investors cl

  2. Foundations of hedge fund managers gave big to controversial donor-advised funds[more]

    In the world of philanthropy and tax-deductible charitable giving, the explosion of donor-advised funds has touched off intense debate. Now, there is evidence that the DAF boom is being further fuelled by hedge fund foundation money. Four of the top five foundations that gave the most to large do

  3. Third Point to raise $400 million for SPAC, Farley to run it[more]

    From Reuters.com: Daniel Loeb's hedge fund Third Point LLC plans to raise $400 million for a "blank check" company which will be run by outgoing stock market operator NYSE Group President Thomas Farley, according to a regulatory filing made on Tuesday. The new company, referred to on Wall Stre

  4. Study: For hedge funds, smaller is better[more]

    From Institutionalinvestor.com: The smaller the hedge fund is, the better its performance is likely to be, according to a new study. The study - "Size, Age, and the Performance Life Cycle of Hedge Funds," released April 26 - sought to determine whether a hedge fund's size and age had any effect on i

  5. Hedge fund returns rose in April for first gain since January[more]

    From Bloomberg.com: Bloomberg Hedge Fund Database shows returns flat this year - Currency strategies had the biggest monthly gain at 13% Hedge fund returns increased 0.78 percent in April, reversing two consecutive monthly declines. The swing of 134 basis points was driven by gains in all seven