Sat, Apr 19, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing Weekly

Hedge fund launches shrink as banks retain traders with bigger pay: hedge fund news week 45

Saturday, November 09, 2013

In the week ending 8th November, 2013, it was reported that only 418 hedge funds have been set up so far this year, compared to 725 and 780 established in the two preceding years respectively, according to data provider Preqin; this is as banks fight to retain star traders with bigger pay packages, reported the FT; meanwhile, a Glocap compensation report revealed that the starting salary for junior professionals in the hedge fund industry had risen for the third consecutive year and now stands at $335,000 for 2013; and new research from Cerulli Associates found that 47% of asset managers expect to hire dedicated marketing personnel and 41% expect to hire dedicated sales personnel in the next 12 months.

Adam Levinson, CEO of Fortress Investment Group Inc.’s Asia Macro funds, is reportedly in talks with the $58bn alternative asset manager about launching his own hedge-fund firm.

Axial Capital Management, the once-$1.8bn hedge fund firm seeded by Julian Robertson of Tiger Management, is shutting down following several years of losses fuelled by short bets against stocks said CNBC.

The Greenwich Global Hedge Fund Index was up 1.86% in October (7.36% YTD); The HFRX Global Hedge Fund Index posted a gain of +1.20% (5.54% YTD); The UCITS Alternative Index Global was up a healthy 1.18%, 3.20% YTD; The HFRU Hedge Fund Composite Index gained 1.27% (3.24% YTD); IndexIQ’s Hedge Composite Beta Index went up 1.44% (2.62% YTD); And the Credit Suisse Liquid Alternative Beta Index returned 1.65% (6.01% YTD).

October was the second best month of 2013 for hedge funds, who recorded......................

To view our full article Click here

Banner
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 Exclusive: Classic Auto Funds Limited (CAF) launches several car investing funds[more]

    Bailey McCann, Opalesque New York: A new trend in alternative alternatives is emerging - car appreciation funds. Classic Auto Funds Limited (CAF) is the first to market with several funds that make super elite luxury cars into real asset investments. As a result of growing overseas demand couple

  2. Investing – Big hedge funds bought Puerto Rico's junk bonds, Fidelity explores new trading venue amid flash trade concerns, Crisis-era Greek bonds reward early buyers with big effective returns, Cargill unit discloses stake in Freddie preferred[more]

    Big hedge funds bought Puerto Rico's junk bonds From Reuters.com: Several large hedge funds doubled down on Puerto Rico in last month's giant bond sale despite the U.S. territory's financial struggles, the Wall Street Journal reported, citing confidential documents reviewed by the newspa

  3. Opalesque Exclusive: Hedge fund replicators evolve[more]

    Bailey McCann, Opalesque New York: Hedge fund replicators as a group of products tend to get a bad rap from hedge fund managers who suggest that the best a replicator can offer is dynamic beta capture. A

  4. Opalesque Exclusive: Pensions, endowments, family offices reconsider life settlement investments[more]

    Bailey McCann, Opalesque New York: Hedge funds were once the largest investors in the life settlement industry, now the industry is seeing more interest from pensions, endowments and family offices directly. Life settlements have always been considered a niche part of the investing landscape, an

  5. SEC allows investment funds to use social media[more]

    Bailey McCann, Opalesque New York: The Securities and Exchange Commission (SEC) has released new guidance letting investment funds and advisors use social media to promote client reviews. The guidance seeks to assist investment managers in developing compliance policies and procedures reasonably