Tue, Oct 21, 2014
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

Banner

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. Opalesque Exclusive: What's next for trend followers?[more]

    Bailey McCann, Opalesque New York: New research out from Ibbotson touches on a key debate happening among investors and fund managers, specifically whether long term trend followers can survive in the new

  2. Commodities - Oil wreaking havoc on small-cap energy stocks sliding 36%[more]

    From Bloomberg.com: Owning almost anything in the U.S. stock market has been a losing proposition since September. Owning smaller energy companies has been a catastrophe. Hercules Offshore Inc. and Resolute Energy Corp. are among 19 oil-and-gas equities in the Russell 2000 Index that lost more than

  3. Investing - Hedge funds favor equity long/short, Strategic bond managers hedge against further high yield sell-off[more]

    Hedge funds favor equity long/short From Securitieslendingtimes.com: Equity long/short strategies will generate good returns for hedge funds in the future, according to a panel at this year’s Risk Management Association Conference on Securities Lending in Naples, Florida. Panellists Sand

  4. Legal - Ex-hedge fund analyst weeps as judge hands down 5 year sentence, Former Columbus investment manager Steven P. Moore indicted on theft charges, SEBI confirms ban for Hong Kong hedge fund, SEC announces enforcement action against compliance officer[more]

    Ex-hedge fund analyst weeps as judge hands down 5 year sentence From Hereisthecity.com: An ex-hedge fund analyst was sentenced to 5 years in prison for his role in insider-trading scheme. The New York Post reports that former hedge fund analyst Matthew Teeple was sentenced Thursday to fiv

  5. Sparx optimistic about outlook for Japan[more]

    Benedicte Gravrand, Opalesque Geneva: According to SPARX, there are causes to be optimistic about the outlook for the Japanese market and the country's economy in general. Sparx Asset Management is a Tokyo-based asset manager, part of