Mon, Nov 24, 2014
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. Investing - George Soros puts $500m of his money on Bill Gross, Soros, Paulson backed Hispania Activos mulls Realia takeover, Ex-Credit Suisse trader’s hedge fund sees yen shorts as crowded, Hedge hunters double default-swaps as views split, Large hedge fund positions come under pressure, Vikram Pandit's fund picks 50% stake in JM Financial's realty lending arm for $87m[more]

    George Soros puts $500m of his money on Bill Gross From WSJ.com: Before Bill Gross was fully settled in at his new firm, Janus Capital Group Inc., he received an unlikely visit from the chief investment officer of famed investor George Soros ’s firm, according to a person familiar with t

  2. Regulatory - Stringent rules for hedge funds make the financial system fragile[more]

    From FT.com: …It is one thing to impose a regulatory burden when there is a clear need to do so. Banks are underwritten by taxpayers via deposit insurance as well as the too-big-to-fail safety net; they need to be reined in, and if they shrink as a result, that may be welcome. But it is another thin

  3. Investing - Apple: Hedge funds are crazy about it, Greenlight Capital took stake in Citizens Financial after IPO, Tiger Global added to Hertz, exited Dollar General last quarter, Oberweis sells NQ Mobile stake as Valiant adds shares, Whitney Tilson sticks to losing bet on MagicJack shares, Brigade Capital backs €90m Quinn sale[more]

    Apple: Hedge funds are crazy about it From Techinsider.net: Apple Inc. is still the most popular stocks among hedge funds. According to a recent report by hedge fund tracking site Insider Monkey, more than one out of 5 hedge funds are invested in Apple Inc. At the moment there are

  4. Greenlight Re CEO says hedge fund reinsurance strategy buzz is validating[more]

    From Artemis.bm: The attention being paid to the hedge fund reinsurance business model and the fact that others are now looking to leverage bits of it within their own strategies, is validating for reinsurer Greenlight Capital Re, according to CEO Bart Hedges. There has been an increasing buzz

  5. Legal - Hedge fund manager fights £8m tax tribunal ruling[more]

    From FT.com: A hedge fund manager who may have to repay £8m in tax is trying to overturn a tribunal ruling that found he had attempted to shelter millions in an avoidance scheme. Patrick Degorce, chief investment officer at Theleme Partners, lost a tax tribunal case last year. HM Revenue & Customs c