Sun, Aug 28, 2016
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. Strategies - The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I, Hedge funds get more pushback on terms as enthusiasm for strategy wanes[more]

    The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I From IBTImes.co.uk: To illustrate a strategic gap common to today's portfolio managers, George Sokoloff, PhD, founder and CIO at Carmot Capital, proposes an interesting thought experiment – a breakdown of

  2. Institutional investors - Investors set to increase allocation to private debt, With investment income key, Richmond retirement system faces funding challenges[more]

    Investors set to increase allocation to private debt Investors are set to increase their allocation to private debt, with 60% revealing they believe the private debt market will grow over the next 12 months, according to a new study by Elian, a leading funds services provider. 41%

  3. Investing - Hedge funds snap up banks, unload Apple, Some of hedge funds' favorite stocks are finally starting to beat the market, Einhorn's Greenlight shifts positions, Treasury yield climbs to two-month high as Fischer joins hawks, 9 stocks smart investors put their money in last quarter[more]

    Hedge funds snap up banks, unload Apple From Barrons.com: Prominent hedge funds have a newfound love of big banks, and some have a distaste for shares of Apple, regulatory filings released last week show. The filings suggest that the funds have been pivoting their portfolios in recent mon

  4. Chesapeake energy seeks $1 billion loan to refinance debt[more]

    From Bloomberg.com: Chesapeake Energy Corp. is seeking a $1 billion loan as the company battered by cratering fuel prices and credit downgrades takes a step to address its $9 billion debt load. The natural gas producer hired Goldman Sachs Group Inc., Citigroup Inc. and Mitsubishi UFJ Financial Group

  5. Institutions - Nordic pension funds magnify focus on unlisted and direct investing, building up teams[more]

    From IPE.com: As bond yields remain at low or negative levels, pension funds and other institutional investors in the Nordic region are stepping up efforts to find higher returns by adding more unlisted investments to portfolios and are expanding in-house teams in order to do this, according to new