Mon, Feb 15, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing Weekly

SAC Capital did well in 2012 but now is trying to prevent redemptions: hedge fund news, week 2

Saturday, January 12, 2013

In the week-ending January 11, 2013, it was reported that Pershing Square is currently forming Pershing Square Holdings Ltd., a new fund headed by Ackman which will go public once it has gathered $3bn in AuM; Tourbillon Capital is to launch a long/short equity hedge fund with $250m on January 14; Capital Partners launched a second real estate debt fund; Swiss CTA shop Andreani & Associés announced plans to launch a multi strategy quant fund by the middle of the year; Tony Hall set up Hall Commodities with former colleague Arno Pilz five months after leaving Duet Commodities Fund; Soros’ Hong Kong portfolio manager Jixin Dai left the firm to launch an Asia-focused fund; and former Tudor Investment portfolio manager Andrew McMillan set up his own Singapore shop to launch his own hedge fund.

Hong Kong firm Triskele Capital closed down two hedge funds, citing poor returns and investor redemptions.

The HFRI Fund Weighted Composite Index gained in 1.2% December (+6.2% in 2012); the Dow Jones Credit Suisse Core Hedge Fund index was up 0.99% (+3.38% in 2012); the Greenwich Global Hedge Fund Index rose +1.58% (est.) (+6.27% in 2012); the Bank of America Merrill Lynch hedge fund composite Index was up 3.02% in 2012; Eurekahedge said hedge funds gained 6.19% in 2012 and assets stood at $1.78tln; the Hennessee Hedge Fund Index returned 1.45% (+6.99% in 2012); the Lyxor Hedge Fund Index gained 1.1% (+3.1% in 2012); the UCITS Alternative Index Global was up 0.50% (+1.63% in 2012); And hedge funds posted an average of +1.5%......................

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 - Real estate secondaries sole 'bright spot' in 2015, As hedge funds stumble, one firm prepares to buy illiquid stakes[more]

    Real estate secondaries sole 'bright spot' in 2015 From IPE.com: The secondary market for property was the sole “bright spot” over the course of 2015, as hedge fund secondaries saw deals fall by two-thirds, according to a wide-ranging survey of the market. Setter Capital said 2015 saw th

  2. Asia - Hedge fund manager Kyle Bass estimates China's foreign reserves below critical level[more]

    From Nasdaq.com: Investor Kyle Bass stepped up his attack on China's currency, arguing in an investor letter distributed Wednesday that the second-largest economy's foreign reserves are "already below a critical level." The comments mark the latest effort by hedge funds and other investors to raise

  3. Investing - Some hedge funds want to make subprime auto loans next big short, 11 hedge funds that are “all in” on the FANG stocks, Hedge funds short London luxury homes, Cynet raises $7 million from U.S. hedge fund[more]

    Some hedge funds want to make subprime auto loans next big short From Bloomberg.com: A group of hedge funds, convinced they have found the next Big Short, are looking to bet against bonds backed by subprime auto loans. Good luck finding a bank willing to do the trade. Money manage

  4. Investing - Hedge funds see selloff in European bank stocks as buying opportunity[more]

    From WSJ.com: The massive selloff in European bank stocks and bonds is overdone and presents a “phenomenal” buying opportunity, according to some of Europe’s top hedge-fund managers. Despite a 28% slump in European bank stocks this year, including a 38% fall in Deutsche Bank AG and a 34% drop in Soc

  5. Legal - Carlyle accused of fraud by ex-employee, Hedge funds win CDS breach of contract suit against Deutsche Bank, Hedge fund asks for OK on $27.5m Goldman CDO deal, SFO examines Barclays hedge fund profits[more]

    Carlyle accused of fraud by ex-employee From AI-CIO.com: A former portfolio manager claims he was fired for blowing the whistle on “crazy” and “irresponsible” investments. Carlyle Group has been sued by a former portfolio manager for one of its hedge funds, who accused the firm of “knowi