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Alternative Market Briefing Weekly

Long/short equity strategies post largest outperformance the S&P500 since October 2010: hedge fund news, week 37

Saturday, September 14, 2013

In the week-ending 13 September, 2013, eVestment data showed that hedge funds were down in August, but outperformed most global equity markets as long/short equity strategies posted their largest outperformance of the S&P 500 total return since October 2010; global long/short funds rated by Australia’s Zenith Investment Partners returned an average of 36.6% compared to the MSCI World index return of 32.8% for 12 months to 30 June 2013, while volatility levels were similar; long/short equity hedge fund Pegasus fund was up 41% YTD as at end August; German long/short equity hedge fund Varus gained 2.11% in August (+7.3 % YTD); Cantab Capital flagship systematic fund Aristarchus fell 6.8% in August (28% YTD); and the Canadian CTA Acorn Diversified program gained 0.07% in August in August (13.08% UTD).

The HFR Market Microstructure Industry Report said that hedge fund launches and liquidations modestly declined in 2Q; Artemis relaunched Tim Steer’s $60m UK hedge fund as a European vehicle; ex-CQS manager Alistair Lumsden is starting his own hedge fund next year called East Lodge Capital Partners; Tiger Global Management is to start a long-only vehicle; Blackstone and Fidelity have teamed up to launch a daily liquidity alternative mutual fund; Franklin Templeton is planning to launch in South Korea next year; and Zadig Gestion launched a new systematic UCITS fund.

Perella Weinberg closed down its health care investment ......................

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