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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).

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