In the week ending May 24, 2013, Jeffrey Yap reportedly left Mizuho Securities Asia as head of Asia fixed income trading to launch his own hedge fund; Diapason Commodities announced the launch of its tangible forestry assets hedge fund ForestCare Investment Fund; and Moore Capital founder Louis Bacon was said to be raising $750m for a new senior debt loan fund.
The Emerging manager hedge funds and CTAs index gained 0.72% in April (+3.18% YTD); The Dow Jones Credit Suisse Hedge Fund Index finished up 1.39% (+4.99% YTD); All Edhec-Risk Alternative indexes were in positive territory and YTD (except for Short Selling); The Scotiabank Canadian Hedge Fund Index ended the month down 1.80% (+0.14% YTD) on asset weighted basis; The UCITS HFS Index finished an erratic month with gains of 0.35% (1.57% YTD); And The HFRX Global Hedge Fund index gained 1.16% through mid-May (4.98% YTD).
It was said that Chenavari Investment had smashed into the top three best performing funds in the world this year; that the BlueCrest Multi Strategy Credit had returned 3.1% in Q1; and that Man Group-backed Sensato Capital’s Senasto Asia-Pacific Fund had gained 15% YTD through April.
The SS&C GlobeOp Forward Redemption Indicator for May reported an increase of redemption request of 3.77% up from 2.95% in April; and hedge fund data provider Eurekahedge reported that hedge fund had gained $100bn in four months and nearly $20bn during April, bringing the size of the industry to $1.87tln and that assets were at their highest level since 2008.
Among investments made by hedge funds, it was said that hedge fund managers ......................
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