Thu, Jul 31, 2014
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. Opalesque Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm

  2. Hedge fund manager Winton Capital making headway with long-only strategy[more]

    From PIonline.com: North American investors are helping Winton Capital Management Ltd. make progress — albeit slowly — toward its founder's goal of becoming a $100 billion company. The firm's ticket to quadrupling its assets under management is unlikely to be one of its scientifically designed manag

  3. Opalesque Radio: Now is a good time to buy protection cheaply in the options market[more]

    Benedicte Gravrand, Opalesque Geneva: Investors are showing an increased interest in risk parity funds and strategies, Opalesque reported last year. Risk parity strategies have the

  4. The Big Picture: Charlemagne Capital smoothes risk out of frontier market investing with portfolio approach[more]

    Benedicte Gravrand, Opalesque Geneva: Opalesque recently talked to one of the portfolio managers of the Oaks funds, which are emerging and frontier market hedge funds focusing on equity long/short with a directional approach. They are run by

  5. Winton’s low-cost equities fund tops $1bn for first time[more]

    From FT.com: Winton, the London-based hedge fund, has increased the assets in its low-cost equities fund to more than $1bn for the first time in a sign that traditional stock managers may come under increasing pressure from computer-driven rivals. Winton, which manages about $25bn in total ass