Thu, Dec 8, 2016
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. Institutions - Texas County & District culls 5 hedge funds, reallocates to existing managers, Kentucky board gives final approval to halve hedge fund portfolio, $38bn Finnish fund moves assets to U.S. as Europe flounders, South Korea’s National Pension Fund holds 5% stake in 62 listed companies[more]

    Texas County & District culls 5 hedge funds, reallocates to existing managers Texas County & District Retirement System, Austin, continues to reduce the number of hedge funds, but not the size of its $6.2 billion hedge fund portfolio. It will redeem a total of $760 million from five hedg

  2. Opalesque Roundtable: Australian family offices search for good risk adjusted returns, happy to pay for skill[more]

    Komfie Manalo, Opalesque Asia: Australian family offices want foremost good risk adjusted returns, and they are happy to pay for the skill, and in some cases, the limited capacity of an active manager. Jonas Daly, Head of Distribution at B

  3. StepStone announces close of Swiss Capital acquisition[more]

    StepStone Group LP announced it has successfully closed the acquisition of Swiss Capital Alternative Investments AG, one of the leading private debt and hedge fund solutions providers in Europe. The transaction was originally announced in May 2016, and has been in the process of receiving regulatory

  4. Investing - Stephen Cohen investing $275m in free clinics treating veterans' mental health issues, California Resources loses favor with hedge funds[more]

    Stephen Cohen investing $275m in free clinics treating veterans' mental health issues From Healthcarefinancenews.com: …Now, a new chain of free mental health clinics for vets has opened in five cities across the United States to fill the gap. The much-needed new treatment is underwritten

  5. Hedge funds flat in last week of November 'in sympathy with markets’[more]

    Komfie Manalo, Opalesque Asia: Hedge funds were close to flat in the last week of November in sympathy with markets, which took a pause ahead of the OPEC meeting and Italian referendum. The Lyxor Hedge Fund Index was -0.1% as of end November 29 (-1.7% YTD), according to the latest