Sun, Sep 25, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing Weekly

Texas Employment to committ $2.4bn to alternatives in 2014: hedge fund news, week 34

Saturday, August 24, 2013

In the week-ending 23 August 2013, it was reported that the Texas Employees Retirement System, Austin has approved its tactical investment plan that committed $2.4bn to alternatives for fiscal year 2014. This means the $24.2 billion pension fund will have a 10% allocation to private equity, hedge fund and infrastructure.

First Trust Advisors launched a managed futures ETF Morningstar Diversified Futures IndexSM; two executives of Millennium Management are preparing to launch a $1.4bn hedge fund in Asia; and Ignis Asset revealed it plans to launch two new funds later this year as capital inflows reached $1.4bn.

Protege Partners-backed Expedition Advisors shuts down its Asia volatility fund after suffering losses.

The HFRX Global Hedge Fund Index was down -0.40% to mid August (est) (+4.2% YTD); The HFRU Index up 0.28% (est) (+1.41% YTD); The Eurekahedge Hedge Fund Index was up 1.02% in July, with 70% of reporting funds delivered positive returns; The Credit Suisse hedge fund index was up 0.88% (+4.59% YTD); And the UCITS HFS Index gained 0.69% (+1.58% YTD).

Goldman Sachs said that the average hedge funds gained positive performance of 4% through mid-August compared to S&P 500 which rose 20% during the period; hedge funds performed positive in July led by sharp rebound of investor interest in Macro fund exposure, said eVestment; global macro-f......................

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. Star names struggle as smaller hedge funds make hay[more]

    From eFinancialnews.com: Many big-name funds have been hit by sharp reversals in markets, including US government bonds and UK stocks, and have struggled to extricate themselves from positions that have gone bad. According to data group eVestment, hedge funds below $250 million in size are up 4.1% t

  2. North America - Acela fight splits hedge fund Connecticut and old money enclaves[more]

    From Bloomberg.com: Connecticut’s residential coastline is two worlds, the one of newcomer millionaires and one whose wealth and New England roots span generations. Now, their differences over a rail route threaten to gum up plans for the U.S. Northeast’s fastest-ever trains. About 30 miles from Man

  3. Activist News - Caesars offers creditors another $1.6bn, would spell end of hedge fund ownership, Activist investors double chance of CEO exits[more]

    Caesars offers creditors another $1.6bn, would spell end of hedge fund ownership From Calvinayre.com: Casino operator Caesars Entertainment has improved its offer to junior creditors to over $5b, but the offer is only good until Friday. On Wednesday, Caesars added an extra $1.6b to the $

  4. Comment - ‘Gut feeling’ measurable in hedge fund traders, How hedge fund managers can use blockchain to maximize benefits[more]

    ‘Gut feeling’ measurable in hedge fund traders From Laboratoryequipment.com: “Gut feeling” is an intangible – an automatic hunch – based on prior experience for some people. But the “gut feeling” is actually a measurable response developed in professionals doing some high-risk work, acco

  5. Opalesque Exclusive: Modern investor tools (2): A platform that does the job for you[more]

    Benedicte Gravrand, Opalesque Geneva: A new series on technology providers that assist asset allocators. There is disruption in the investor part of the world of hedge funds, coming from platforms that can replace traditionally-run search and analysis. Here is one of them. L