Sun, Feb 26, 2017
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. Institutional investors plan to raise allocations to alternative assets in 2017[more]

    Komfie Manalo, Opalesque Asia: A survey by Context Summits Miami showed that nearly 72% of institutional investors and family offices plan to raise their allocations to alternative asset managers this year, suggesting continued strong demand for the industry. "As many large, brand name f

  2. Comment - Mortgages, mergers and hedge fund fees, Fairholme's Berkowitz responds to court ruling against hedge fund suits of Fannie Mae[more]

    Mortgages, mergers and hedge fund fees From Bloomberg.com: Yesterday the U.S. Court of Appeals for the D.C. Circuit handed down an odd decision in a lawsuit over the government's nationalization of Fannie Mae and Freddie Mac. The key issue is what's called the "Third Amendment," the 2012

  3. Investing - Hedge funds continue to chase the herd in record Momentum wager, Marshall Wace bets grocer Sainsbury may need rights offering, Hedge fund net exposure has started to retreat, David Tepper's Appaloosa fund makes a huge buy, The 10,000-mile journey to Short Australia, Skeptical hedge fund investors grill Evan Spiegel about Snap's I.P.O.[more]

    Hedge funds continue to chase the herd in record Momentum wager From Bloomberg.com: Hedge funds can't get enough of momentum - even if it means embracing an investing strategy they hate. Loosely defined as betting on shares that went up the fastest over the preceding nine-to-12 months, h

  4. Opalesque Exclusive: Swiss investors take fund seeding and acceleration into their own hands[more]

    Benedicte Gravrand, Opalesque Geneva: Banque Bonhote, a 200-year old Swiss private bank, last year launched a community of investors - heads of Swiss family and advisory offices and wealth managers - with the aim of co-investing in the kind of managers they wanted to invest in, either by way of s

  5. K2 Advisors : Why We Like Activist Hedge Fund Strategies and Some Thoughts on Alpha[more]

    Matthias Knab, Opalesque: Rob Christian, Senior Managing Director, Head of Research K2 Advisors, Franklin Templeton Solutions, writes on Harvest Exchange: When d