Fri, Sep 30, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing Weekly

Credit hedge funds suspend summer holidays to exploit arbitrage trade: hedge fund news, week 27

Saturday, July 06, 2013

In the week-ending 5 July 2013, reports said credit hedge funds benefit from outsized trading opportunities that materialised between cash and synthetic markets. Some hedge fund managers would be even willing to suspend the summer holidays so they can fully participate and keep on trading.

Meanwhile, more investment banks are following the footsteps of Goldman Sachs and are set to offer "hedge funds for the masses," CNBC said.

Former Morgan Stanley proprietary head George Kounelakis was preparing to launch an event-driven hedge fund; former Citadel alumni Andrew Greenberg started operations of his special situations hedge fund, Saker Partners; and former UBS trader Gerard Satur raised A$10m ($9.1m) to launch a global macro strategy.

The HFR Indices were down -1.33% across the board for June (+3.16% YTD); The Credit Suisse Liquid Alternative Beta Index fell 1.07% (+2.20% YTD); The Greenwich Global Hedge Fund Index dropped -1.15% (+3.54 YTD); The IndexIQ Hedge Composite Beta Index -1.97% (-1.86% YTD); The UCITS Alternative Index lost 1.37% (+0.94% YTD); And the UCITS compliant hedge funds fell 2.33% (+0.35% YTD).

Noctua Partners reported the performance of its global macro fund, which was up 3.06% YTD; data from Bank of America showed that hedge funds were down 2.10% after June's big sell off; but stock-picking hedge funds, like Lansdowne Partners, Egerton Capital, Odey, Chilton and Horseman ma......................

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. Eden Rock buys Gottex stake in ERG Asset Management[more]

    Matthias Knab, Opalesque: Eden Rock Group announced the purchase of Gottex’s stake in ERG Asset Management and so the firm is now wholly owned by Eden Rock. The two firms established the joint venture in 2011 to focus on providing cost effective solutions to funds holding illiquid investments, as

  2. "Hedge fund industry needs to shrink"[more]

    Komfie Manalo, Opalesque Asia: Writing for CNBC, Josh Brown, creator of The Reformed Broker blog and financial advisor for Ritholtz We

  3. Strategy - Voyager Management wants to invest in smaller hedge funds[more]

    From Valuewalk.com: Voyager Management, a $475 million fund of funds, is looking to downsize the hedge fund’s in which they invest, looking for smaller funds with assets under management that enable the fund to be nimble. The fund is looking for noncorrelation and will consider long / short equity

  4. Asia - Quant hedge funds are China's hot new export, Europe banks return to Korean brokerage market; target debt, alternative products[more]

    Quant hedge funds are China's hot new export From Bloomberg.com: Add China’s quant shops to the list of hedge funds branching out across Asian markets. Quantitative money managers from the world’s second-largest economy are opening offshore funds at a never-before-seen pace, according to

  5. Hedge funds pull back from Deutsche Bank[more]

    Bailey McCann, Opalesque New York: Hedge funds are pulling some of their business from Deutsche Bank, according to a Bloomberg report. People familiar with th