Wed, Jun 29, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing Weekly

PIMCO to expand into alternatives: hedge fund news, week 35

Saturday, August 31, 2013

In the week-ending Aug. 30 2013, it was reported that the world’s largest bond-fund manager PIMCO is planning an expansion of its alternative-investments business in the coming months, according to The WSJ.

Swiss boutique Zeus Capital has launched its fourth UCITS fund in quick succession; New York boutique Robotti launched the Opportunity Value Fund; Canadian manager Humber Global launched a higher-net version of its long/short global equity fund; and Columbus Circle hired former Weiss Multi-Strategy Advisors portfolio manager Matt Goldsmith to launch a European focused equity fund.

Man Group said it would close its $40m fund Man Vision and is believed to be looking at closing other guaranteed funds; and Michael Karsch said he would shut down his $1.8bn hedge fund Karsch Capital and rethink his career path.

The Morningstar MSCI Composite Hedge Fund Index rose 1.1% in July 2013 (+4% YTD); The Opalesque Emanagers Total Index bounced back and was up 0.76% (+2.26% YTD); The Opalesque A SQUARE Index gained 0.15% and was down -0.39% YTD; The EuroHedge Composite Index gained 1.02% (+4.3%); And the Parker FX Index was down -0.95% (+0.54% YTD).

Prime Finance sai......................

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. Blackstone buys minority stake in New York-based credit hedge fund Marathon[more]

    Benedicte Gravrand, Opalesque Geneva: Blackstone Strategic Capital Holdings Fund, a vehicle managed by Blackstone Alternative Asset Management (BAAM), has acquired a passive, minority interest in Marathon Asset Management, for an undisclosed sum. Based in New York,

  2. Investing - Soros, Druckenmiller among hedgies profiting in market plunge, Hedge funds were most bullish on bonds since 2004 before Brexit, Surprise Brexit vote unleashes scramble for dollars, High-yield hit on Brexit but no panic selling, Scientist turned hedge fund founder lured to pound, euro, Hedge fund avoids commodities, posts big gains[more]

    Soros, Druckenmiller among hedgies profiting in market plunge From HITC.com: Bullish positions in gold and volatility and well-timed short bets on China and emerging markets, among other areas, were some of the trades that benefited hedge funds on Friday as markets digested Britons' s

  3. Manager Profile - A 26-year old hedge fund manager called Brexit — here's what he thinks about the historic vote[more]

    From Businessinsider.com: Taylor Mann is not your typical fund manager. The twenty-six year old Texas A&M graduate manages Pine Capital in Larue, Texas (population 160), where he resides with his three-year old daughter. Also atypical compared with many of the largest funds out there, Mann makes

  4. People - Mariner Investment’s co-CIO Williams to leave $5.5bn firm, IOOF hires new alternatives portfolio manager[more]

    Mariner Investment’s co-CIO Williams to leave $5.5bn firm From Bloomberg.com: Basil Williams, co-chief investment officer of Mariner Investment Group, is leaving the $5.5 billion hedge-fund firm after negotiations to renew his contract failed. Williams will stay in his role until t

  5. Hedge Fund Due Diligence Exchange offers complete due diligence reports at $1500[more]

    Matthias Knab, Opalesque: HFDDX is offering complete alternative investment due diligence reports at $1500 US. Industry professionals can simply go to www.hfddx.com and indicate their interest in sponsoring one or more DD Reports for $1500 each.