Wed, Jul 1, 2015
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

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: New systematic strategy managed alongside research firm outperforms S&P500[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging CTA manager explains how he runs his strategy, which is based on an index produced by a research firm. Peter Turk is head of

  2. Larry Robbins' hedge fund Glenview buys 1m Tenet Healthcare shares[more]

    Komfie Manalo, Opalesque Asia: Glenview Capital Management said it bought an additional 979,482 shares at Tenet Healthcare Corp valued at $53.80 million, raising its stakes in the healthcare services company to 15.16%, reported

  3. Hedge funds panic over Greece[more]

    Komfie Manalo, Opalesque Asia: Some investors are in panic mode as Greek Prime Minister Alexis Tsipras announced Sunday night that the banks and the stock market would be closed Monday, said

  4. Alternative investment industry could grow to $13.6tln in five years[more]

    Komfie Manalo, Opalesque Asia: Leading auditing and advisory group PwC said that the global alternative investment industry, which includes hedge funds, private equity and real assets, is set to increase to $13.6tln within the next five years. "Be

  5. Qbasis gets $200m-plus investment in 'black swan' hedge fund[more]

    From Reuters.com: A hedge fund that more than doubled clients' money during the 2008 financial crisis has attracted more than $200 million from an investor aiming to cash in on fresh ructions in global markets. Qbasis Invest has secured the investment from Britain's Omada Capital, Florian Wagner, wh

 

banner