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Alternative Market Briefing Weekly

Hedge funds lag market, hope for turnaround year: hedge fund news, Week 12

Saturday, March 23, 2013

In the week ending 22nd March 2013, Shakil Ahmed, the quantitative "secret genius" who left Citi last month, apparently raised around $250m from Blackstone for his new fund, Princeton Alpha. Hedge fund firm Farallon Capital is raising capital for a new real estate fund; Lyxor Asset Management launched a new UCITS-compliant fund which aims to replicate Winton Capital Management Ltd.’s Diversified Program; and Swiss managed futures FoF specialist Alpinvesta launched the DNA Managed Futures Multi Strategy Fund.

The Emanagers Total Index gained 0.17% last month and is up 1.93% YTD; The Scotiabank Canadian Hedge Fund Index ended the month down 0.76% (0.70% YTD) on asset weighted basis; The UCITS HFS was up 0.08%, 1.28% YTD; The Newedge CTA Index was up 0.09%, 1.56% YTD; EDHEC-Risk Institute's Alternative Indexes showed modest gains, as stock markets continued to rise for the fourth consecutive month; The Dow Jones Credit Suisse Hedge Fund Index confirmed it finished the month up 0.24%, +2.31% YTD; The HFRX Global Hedge Fund Index gained +0.86% through mid-March, 3.29% YTD; And the HFRU Hedge Fund Composite Index gained +0.86% through mid-March, 2.26% YTD.

Hedge funds continue to lag the market, according to BofA Merrill Lynch Global Research; leading hedge fund managers are reaping some of their best performance in years with many now hopeful that 2013 will prove to be a turnaround year, claimed The FT; Eurekahedge revealed that the hedge fund sector has more than $1.8tln under management and enjoyed positive returns across all regions in 2012 – with Asia ex-Japan achievin......................

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