Wed, Nov 22, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing Weekly

Scepticism on hedge fund performance is growing: hedge fund news, week 52

Saturday, December 29, 2012

In the week-ending 28th December 2012, Future Capital Partners told FTAdviser it would be launching four enterprise investment scheme investments within entertainment and media, renewable energy, land allocation services and the alternative investment market.

The Parker FX index reported a +0.15% return for November 2012 (-1.53% YTD); The Morningstar MSCI Composite Hedge Fund Index went up 0.5% (est.) (4.8% YTD); And the Dow Jones Credit Suisse Hedge Fund Index finished up 0.64% (+3.27% YTD).

Hedge funds that invest in mortgage-backed securities gained 13.9% through November to make them the industry's best-performing strategy, according to the Absolute Return index; AlphaClone.com said the best performing hedge fund clones were two biotech funds, DAFNA and Ridgeback, followed by tiger cub Second Curve, a financials focused fund.

Sloane Robinson's flagship emerging markets fund is down 1.7% YTD after losing 17% last year, and the firm’s AUM is down to $2.5bn from a high of $15bn in ’08, said Reuters; RAB Capital saw its flagship fund lose 20% in November due to a losing position in an oil exploration company.

The Economist wrote a negative article about hedge funds’ performance in the last decade, pointing out the industry’s only trump card is its few star managers; Harold Ehrlich, adviser to JPMorgan's FoHF, told The FT that the reason for hedge funds’ underperformance is due to an addiction to momentum trading.

Forbes argued that John Paulson’s hedge fund firm, which assets grew to $36bn at the end of ’08 (and whose hedge funds were down 18% to 52% in 2011), is too big to manage; to which Value Walk retorted that if Paulson’s firm was too big to manage, Bridgewater (up 23% in 2011 and $120bn in AUM) and Brevan Howard (up 12% in 2011 and $34bn in AUM) would have lost too.

According to da......................

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. Outlook - Gundlach's stock market warning comes true[more]

    From Bloomberg.com: Jeffrey Gundlach has been warning something's got to give. Based on the past two days, looks like we have our answer. Stocks fell around the world a second day and high-yield bonds headed for a fourth straight loss, resuming a historic correlation that the hedge fund manager on W

  2. Middle East - Saudi-Iran war would create this domino effect of global disaster, Saudi billionaires said to move funds from region to escape asset freeze[more]

    Saudi-Iran war would create this domino effect of global disaster From CNBC.com: Events appear to be spinning out of control in the Middle East, and the threat a Saudi-Iranian war is looking increasingly credible. Make no mistake, an out and out conflict between the two nations would be

  3. Investing - Six more Warren Buffett buys, including Southwest Airlines, Seth Klarman's Baupost Group bets on beaten-up health care, Roark Capital offers to buy Buffalo Wild Wings: Wall Street Journal[more]

    Six more Warren Buffett buys, including Southwest Airlines From Forbes.com: Our latest recommendation for aggressive investors is Restaurant Brands International . Hedge fund manager Bill Ackman has an incredible 40.1% of his fund at Pershing Square Capital Management invested in Restaur

  4. Investing - Tages Capital steps in to rescue Italy's Banca Carige, Hedge funds place $5.4bn bet on Toshiba's resurrection, Why outside investors are fleeing: John Paulson's 6 worst investments[more]

    Tages Capital steps in to rescue Italy's Banca Carige From TheTimes.co.uk: A little known London hedge fund has played a pivotal role in the first rescue of an Italian bank without state intervention since the country's bad debt crisis started three years ago. Banca Carige, a Genovese le

  5. Tourbillon Capital, a $3.4bn hedge fund that's been sounding the alarm about 'frothy speculation,' is suffering big losses[more]

    From Businessinsider.com: Tourbillon Capital, a $3.4 billion hedge fund firm led by Jason Karp, is suffering. The firm's flagship Global Master fund is down 3.5% for the first 17 days of November, bringing performance for the year to November 17 to a loss of 10.6%, according to a note to investors s