Tue, Apr 28, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
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......................

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. U.S. does not want hedge funds to invest in offshore re-insurers for tax purposes[more]

    Komfie Manalo, Opalesque Asia: The U.S. Treasury Department on Thursday introduced a new rule aimed at limiting hedge funds’ ability to reduce their tax bills by investing in insurance companies in offshore tax havens. As a general rule, the U.S. tax laws does not allow hedge funds to use off

  2. Ruling: Hedge funds suing Argentina can have access to bond offering details[more]

    Komfie Manalo, Opalesque Asia: U.S. District Judge Thomas Griesa in Manhattan ruled yesterday that hedge funds are entitled to details of a recent bond offering by Buenos Aires, reports

  3. Fund managers express concern of overvaluation in both equity and bond markets[more]

    Komfie Manalo, Opalesque Asia: According to the BofA Merrill Lynch Fund Manager Survey, investors see growing overvaluations in both

  4. Update: Wall Street has strong feelings about Jon Corzine trying to make a comeback[more]

    From Businessinsider.com.au: Former New Jersey Governor Jon Corzine is thinking about starting his own hedge fund, according to the Wall Street Journal, and because of the way his last firm imploded, Wall Street has strong feelings about that. “Truth is the larger seeders would never give him money

  5. Opalesque Exclusive: Cybersecurity and hedge funds - A manager’s experience, Part Four[more]

    Benedicte Gravrand, Opalesque Geneva: Ruane, Cunniff and Goldfarb, Inc. used to have their own IT infrastructure. Todd Ruoff, Executive Vice President in charge of trading, operations and technology, was responsible for its maintenance. Then he started looking at outsourced providers a couple of

 

banner