Thu, Apr 24, 2014
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

Banner
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. …And Finally – Flight attendant has passengers rolling in aisle[more]

    From Orange.co.uk: A video of a US flight attendant turning her safety talk into a comedy routine is proving a huge hit online. More than five million people have watched the clip of Marty Cobb which has her passengers rolling with laughter on a Southwest Airlines flight to Salt Lake City.

  2. Niche Investing – Wealthy investors flock to fine art funds[more]

    From Clickorlando.com: Wealthy investors looking to diversify beyond stocks and bonds are now turning to an unusual money-making vehicle -- the art investment fund. The name says it all: These funds invest in fine art and seek returns by acquiring and selling high-end pieces for profit. Growth

  3. Opalesque Exclusive: Rainwater and Blue Sky - an Australian water fund emerges[more]

    Bailey McCann, Opalesque New York: Financial reporters often tout new funds and investments as uncorrelated investments, but few can say they are uncorrelated to everything but weather. Enter Blue Sky Alternative's water fund which invests in the permanent rights to Australia's water. Sev

  4. University of Michigan allocates $242m to six managers[more]

    From PIonline.com: University of Michigan, Ann Arbor, invested or committed a total of $242 million to one traditional equity manager and five alternative investment funds from its $9 billion endowment. University regents approved the hire of Mittleman Investment Management to run $35 million in act

  5. Performance – Odey flagship hedge fund suffers brutal March as shorts rise, Blackstone first-quarter profit rises 30% on higher fees[more]

    Odey flagship hedge fund suffers brutal March as shorts rise From Valuewalk.com: The tide has turned for the worse for one of Europe’s best performing hedge funds. Crispin Odey’s flagship hedge fund, Odey European has suffered a 4.63% decline for the year after slipping 7.2% in March, ac