Sun, Dec 21, 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. Investing - Big hedge funds win again on PetSmart, Riverbed, RBS sells real estate loans to hedge fund Cerberus, Talisman energy speculation: Which hedge funds could benefit?[more]

    Big hedge funds win again on PetSmart, Riverbed From CNBC.com: Another week, another set of wins for activist investors. On Sunday, pet supply retailer PetSmart agreed to the largest leveraged buyout of the year at $8.7 billion. Hedge fund firm JANA Partners had been pushing for a sale a

  2. Outlook - Hedge fund manager who remembers 1998 rout says prepare for pain, Bond guru Bill Gross predicts U.S. economic growth to dip to 2%[more]

    Hedge fund manager who remembers 1998 rout says prepare for pain From Bloomberg.com: Stephen Jen landed in Hong Kong in early January 1997 as Morgan Stanley’s newly minted exchange-rate strategist for Asia. He was soon working around the clock when investors began targeting the region’s

  3. Investing - Hedge funds get boost from healthcare in 2014, Paulson & Co takes stake in Salix on heels of inventory issues[more]

    Hedge funds get boost from healthcare in 2014 From Valuewalk.com: The healthcare sector started the year on a turbulent note, as stocks of many major biotechnology companies were battered. However, most of the players in this sector have bounced back. The BarclayHedge Healthcare & Biotec

  4. Opalesque Exclusive: U.S. legal receivables fund launched in August[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Investing in asset-backed receivables is a strategy that has been an integral part of the alternative investment space within the overall fixed income asset c

  5. Comment - High fees and low performance hit hedge funds[more]

    From FT.com: Disenchantment over high fees and lackluster performance may finally be turning the tide against hedge funds, fresh data suggest. Despite generally weak returns since the global financial crisis, hedge funds have enjoyed positive net inflows every year since 2010. This helped assets und