Tue, May 24, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing Weekly

Equity hedge and event driven hedge funds expected to be winners in 2013: hedge fund news, week 40

Saturday, October 05, 2013

In the week-ending 4 October, 2013, hedge fund manager GAM said many equity hedge and event driven hedge funds had emerged as winners in September and expects this trend to continue through the rest of 2013.

Some 500 hedge funds were launched across the globe in the first seven months of 2013, said data provider Eurekahedge; UBS O’Connor said it would open its first Asia hedge fund, launched in August, to investors later this year; and Bruce S. MacDonald is reportedly forming Crayna Capital, a mission-based fund of hedge funds manager and investment consulting firm.

Loeb King Capital launched an event driven mutual fund that will use alternative strategies; Cowen Group’s Ramius launched an event driven equity mutual fund that focuses on activism; Universal-Investment and Stratton Street jointly launched a UCITS Renminbi Bond Fund; and the Alpha UCITS Platform launched a UCITS version of Italia Equity fund with $80m in initial capital.

The Parker FX Index was down 1.33% August (-0.78% YTD); And the Morningstar MSCI Composite EW Hedge Fund Index fell 0.66% (est.) (4.06% YTD). The HFRX Global Hedge Fund Index gained +0.96% in September (+4.29% YTD); The Credit Suisse Liquid Alternative Beta (LAB) Index was up 1.39% (+4.29% YTD) The Greenwich Global Hedge Fund Index rose +2.35% (est.) (6.07% YTD); The HFRU Hedge Fund Composite Index gained 1.02% (+2.14% YTD); And the IQ Hedge Composite Beta Index rose 1.99% (+1.17% YTD).

The latest Citi Prime Finance report said that hedge funds’ performance had dragged in August and ranged from -0.86% to -0.49%; Ping Capital’s Exceptional Value Fund ......................

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. Paul Tudor’s hedge fund trims fee amidst poor performance, keep investors[more]

    Komfie Manalo, Opalesque Asia: Paul Tudor’s $11.6bn hedge fund firm Tudor Investment Corp. announced on Monday it would slash down fees of one of its biggest fund to 2.25% of assets and 25% of profits amidst backlash arising from poor performa

  2. West Virginia objects to Alpha Natural sale to hedge fund[more]

    From AP/Heraldcourier.com: West Virginia's environmental authority has filed an objection to the proposed $500 million sale of Alpha Natural Resources' assets to a hedge fund, arguing that the deal could leave the state holding hundreds of millions in reclamation liabilities. The Register-Hera

  3. Mitch Petrick leaves Carlyle as his hedge fund unit suffers losses while assets expand[more]

    Komfie Manalo, Opalesque Asia: Mitch Petrick will be leaving Carlyle Group as head of its hedge funds unit overseeing about $34bn as of March 31, after several funds under his management suffered losses while assets expanded, various media reported. Petrick joined Carlyle in 2010 and was a former

  4. Institutions - Kentucky pension leans into hedge funds amid governance turmoil, Korea's NPS names finalists for initial $1 billion hedge fund-of-funds allocation[more]

    Kentucky pension leans into hedge funds amid governance turmoil From AI-CIO.com: The Kentucky Retirement Systems moved to increase its hedge fund allocation as controversy reigned over fund leadership. Following a string of high-profile hedge fund exits, the Kentucky Retirement Systems (

  5. Fund Profile - The hedge fund that couldn't stay open long enough for a big payday[more]

    From Bloomberg.com: Toby Dodson waited six months for his bet against a fragile Portuguese bank to pay off. But before the reckoning, word came down from his hedge fund bosses at Achievement Asset Management in Chicago: get ready to clear out your desk and unwind your trades, we’re shutting down. Th