Sun, Apr 19, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing Weekly

Hedge funds (excluding CTAs) average returns of 6%+ in 2012: hedge fund news, week 3

Saturday, January 19, 2013

In the week-ending January 18, 2013, it was reported that Skanska group’s Jonas Granholm and managing director Gustav Lundeborg had teamed up with former Skanska CFO Hans Biörck to launch a hedge fund; former SAC Capital portfolio manager Charles Simonian said he would start a long-short equity hedge fund called Trove Capital Management; former Soros Fund Management and SAC Capital Advisors portfolio manager Aaron Cowen raised $165m for the launch of Suvretta Capital; reports said that Palisade Capital Management had launched a long/short equity fund to be managed by hedge fund veteran Paul Flather; Brevan Howard co-founder Chris Rokos launched a family office; Paul Green left Trilogy Financial Partners and set up a long/short credit fund; and Morgan Stanley partnered with Quantitative Investment Management to launch a new UCITS fund.

Tim Flannery said he would close down Copia Capital because of poor performance and investor redemptions, but would restart a new fund in March; Andrew Rowe, head of commodity hedge fund SandRidge Capital announced he would retire and close down the fund despite an 11% gain last year; and China’s second largest asset manager, E Fund, closed its emerging markets hedge funds due to poor returns and dwindling assets.

The Bloomberg Hedge Funds Aggregate index was up 0.6% in December (+6.7% YTD); The HFRX Indices saw the Global Absolute Return index ending 2012 up 0.88% and the Global Hedge Fund Index up 3.51%; The Barclay Hedge Fund Index gained 1.63% (+8.27% in 2012); The RBC Hedge 250 Index was up +1.11% (+5.81% in 2012); The Dow Jones Credit Suisse Hedge Fund Index finished the month up 1.48% (+7.67% in 2012); The Bank of America Merrill Lynch Global Diversified Hedge Fund Index was up 5.63% in 2012; The Barclay CTA Index gained 0.48% (-1.64% in 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. Studies - Fund managers bullish on equities, alternative asset classes, Hedge funds starting to spurn emerging markets, Insurance companies take aggressive approach to hedge funds despite restricted exposure[more]

    Fund managers bullish on equities, alternative asset classes From Benefitnews.co: Asset allocation and risk continue to be the top issues for institutional investors in 2015 and, while nobody is sure what the economy will do in 2015, investment fund managers remain positive about investm

  2. Investing - New hedge fund strategy: Dispute the patent, short the stock, David Einhorn bets on AerCap as leasing company avoids turbulence, Top hedge funds reveal these best investing ideas, Hedge funds bet big on PetSmart price bump, Victory Park Capital increases investment in upstart to $500m[more]

    New hedge fund strategy: Dispute the patent, short the stock From WSJ.com: A well-known hedge-fund manager is taking a novel approach to making money: filing and publicizing patent challenges against pharmaceutical companies while also betting against their shares. Kyle Bass, head of Hay

  3. Tiger Global falls 2.9% in March, down 5.3% in Q1[more]

    From Reuters.com: Investment firm Tiger Global Management, one of the hedge fund industry's most closely watched players, told clients that its hedge fund lost 5.3 percent during the first quarter, an investor said on Wednesday. Much of the decline came in March when the fund lost 2.9 percent,

  4. It’s not just hedge funds—IMF study finds stability risks from ‘vanilla’ funds[more]

    From MarketWatch.com: Leveraged hedge funds and banklike money-market funds are the parts of the asset-management industry most associated with risks to financial stability. But a report from the International Monetary Fund suggests that “plain-vanilla” mutual funds and exchange-traded funds also ca

  5. Hedge funds gain 2.4% in Q1 driven by currency and commodity markets[more]

    Komfie Manalo, Opalesque Asia: Hedge funds posted positive results last March to conclude a strong first quarter, with performance driven by strong macro trends in currency and commodity markets, complemented by broad-based gains and positioning in event driven, equity hedge and fixed income-b

 

banner