Mon, Apr 23, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing Weekly

Hedge fund launches rose in 1Q13 from the previous quarter to 297: hedge fund news, week 24

Saturday, June 15, 2013

Hedge fund launches rose in 1Q13 from the previous quarter, and totalled 297 funds, the third highest quarterly launch total since the beginning of 2008, reported HFR. And hedge fund liquidations declined to 196 in 1Q13, from 211 and 238 in the prior two quarters.

In the week ending June 14, 2013, it was reported that Eugene Lee and Paul Singh had left Regiment to launch a long/short credit fund; Felix Zulauf and his son Roman will be launching a global macro hedge fund at Zug-based Vicenda Asset Management; Algebris Investments is preparing to launch a new low-fee, long-only fund to invest in global financial stocks and bonds; former Citadel’s head of credit Chris Boas put on hold his hedge fund launch due to money concerns; and Loomis Sayles intends to launch a UCITS-compliant version of an existing long/short credit fund.

The HFRI Fund Weighted Composite index gained 0.5% in May (+4.92% YTD); The Lyxor Hedge Fund Index reported a gain of 0.33% (+3.53% YTD); The Hennessee Hedge Fund Index was up 1.79% (+7% YTD); The Eurekahedge Hedge Fund Index rose 0.20% (+3.89% YTD); And the SS&C GlobeOp Hedge Fund Performance Index returned 0.77% (+7.14% YTD).

John Paulson reported strong performance in his largest hedge funds in April betting on deals and distressed debts, said Reuters; but Paulson’s Gold Fund fell 13% in May to make this year’s loss to 54%, said BusinessWeek; and Metacapital Managemen’s flagsh......................

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 - Sequoia takes Facebook stake as shares slide in data controversy, $1.4b hedge fund sees intact fundamentals for Facebook, Jim Cramer reveals some 'suggested hedge fund trades' amid the Trump tariffs[more]

    Sequoia takes Facebook stake as shares slide in data controversy From Bloomberg.com: The $4.2 billion Sequoia Fund bought a small position in Facebook Inc. as the stock slid late in the first quarter, investment manager Ruane, Cunniff & Goldfarb told clients. "The recent controversy enab

  2. Activist Investors - Blue Sky-owned Wild Breads faces uncertain future[more]

    From AFR.com: A Blue Sky private equity investment in artisan-style baker Wild Breads enjoyed multiple valuation upgrades despite losing millions and breaching its lending covenants, accounts lodged with the regulator last week show. Wild Breads lost $2.4 million in 2017, but Blue Sky ascribed a hig

  3. Opalesque Exclusive: Barnegat to close hedge fund to outside investors on weak opportunities[more]

    Komfie Manalo, Opalesque Asia: Bob Treue's Barnegat Fund Management said it is closing its $666m fixed income relative value hedge fund to outside investors. "The negative side to gains in Fixed Income Arbitrage is that unless we find new opportunit

  4. Investing - Hedge fund makes a big bet on malls, British hedge fund manager Odey short UK government bonds on QE bet[more]

    Hedge fund makes a big bet on malls From Barrons.com: The dominant narrative on American shopping malls is that they're dead. Crushed by Amazon.com, many brick-and-mortar retail stores are destined for bankruptcy. And where is the most retail, clustered all together? Malls. From a

  5. Performance - Hedge funds suffer first back-to-back loss in two years, Netflix performance burns hedge fund short sellers, Macro hedge fund up 14.5% in first quarter sees dollar falling, Renaissance Technologies rebounds across hedge funds in March[more]

    Hedge funds suffer first back-to-back loss in two years From Bloomberg.com: Hedge Fund returns sank for a second straight month in March, the first back-to-back loss since the first two months of 2016, as trade wars, tech-sector woes and a Fed rate hike dragged down the S&P 500 from its