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Alternative Market Briefing Weekly

Event-driven was the only strategy to produce positive performance in August : hedge fund news, week 39

Saturday, September 28, 2013

In the week-ending 27 September, 2013, it was reported that Preqin’s Hedge Fund Analyst database revealed that event driven was the only hedge fund strategy to produce positive performance in August (+0.49%), with all other single-manager hedge fund strategies falling back into the negative( -0.08%); Julian Robertson’s Tiger Management was said to have gained +3.48% during week ending 20 Sept. due to some companies’ great performance; the Waterstone Market Neutral Fund was said to be down 3.3% through mid-September (-13.7% YTD); despite being entangled in insider trading lawsuits SAC Capital outperformed rivals with a 13% gain YTD as at end 20 Sept.; Woodbank Capital suffered 4.6% losses in August (-0.78% YTD) along with other macro funds; and Commodity Trading Advisors appeared headed for a third straight year of losses unless the commodity and financial markets they trade in settle into a more predictable pattern.

Schroders said it launched the GAIA Avoca Credit fund on its GAIA platform; and SecondMarket launched the Bitcoin Investment Trust to purchase the virtual currency.

Opalesque’s EManagers Index declined by -0.29% in August (+1.97% YTD); Opalesque’s A Square Index gained 0.05% (-0.57% YTD); And the Scotiabank Canadian Hedge Fund Index ended the month up 1.07% on an asset weighted basis (-0.95% YTD) and rose 0.79% on an equal weighted basis (0.26% YTD).

The SS&C GlobeOp Forward Redemption Indicator for September 2013......................

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