Tue, Aug 30, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing Weekly

Hedge funds gained $225bn+ in 2013: hedge fund news, week 01

Saturday, January 04, 2014

In the week ending 03 January, 2014, the Eurekahedge Hedge Fund Index gained 8% in 2013, hedge funds gained $225bn+ in 2013; The Parker FX Index was down 0.26% in November, -1.04% YTD (2013); And the Scotiabank Canadian Hedge Fund Index was up 1.20% (0.38% YTD) on asset weighted basis.

Gottex Fund said it would launch a new mutual fund that will allow retail clients to sample asset classes normally reserved for millionaires.

Higgs Capital said it would shut down after a wave of investor redemptions.

SAC Capital posted positive performance, with 20.10% returns on its last year managing other people’s money as a hedge fund; despite a dismal year, several hedge funds outperformed the S&P 500 in 2013; a few brave hedge fund investors scored major market-beating wins in 2013, said The Journal; Dan Loeb’s Third Point fund beat most rivals last year as it flagship fund gained 25%; last year was a great year for bread and butter strategies in Wall Street; and stock pickers lost again in 2013, while the market is looking to close out the year with a 29% gain.

David Tepper is expected to raise his assets with a $3bn-plus payday in 2013, making him the highest paid hedge fund manager; the top brass at Marathon Asset hedge fund shared a £317m payout despite a bust-up that led to the departure of one of its star managers and co-founders; and John Paulson received a fresh $490m from Anthony “the Mooch” Scaramucci’s rotation from bonds to stocks.

Among investments made by hedge funds, it was said that hedge fund investors are looking at opportunities in risky assets that foreign and US banks are no longer keen to exploit; North Tide raised its stakes in Heathways to 11%......................

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. Strategies - The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I, Hedge funds get more pushback on terms as enthusiasm for strategy wanes[more]

    The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I From IBTImes.co.uk: To illustrate a strategic gap common to today's portfolio managers, George Sokoloff, PhD, founder and CIO at Carmot Capital, proposes an interesting thought experiment – a breakdown of

  2. Institutional investors - Investors set to increase allocation to private debt, With investment income key, Richmond retirement system faces funding challenges[more]

    Investors set to increase allocation to private debt Investors are set to increase their allocation to private debt, with 60% revealing they believe the private debt market will grow over the next 12 months, according to a new study by Elian, a leading funds services provider. 41%

  3. Investing - Hedge funds snap up banks, unload Apple, Some of hedge funds' favorite stocks are finally starting to beat the market, Einhorn's Greenlight shifts positions, Treasury yield climbs to two-month high as Fischer joins hawks, 9 stocks smart investors put their money in last quarter[more]

    Hedge funds snap up banks, unload Apple From Barrons.com: Prominent hedge funds have a newfound love of big banks, and some have a distaste for shares of Apple, regulatory filings released last week show. The filings suggest that the funds have been pivoting their portfolios in recent mon

  4. Chesapeake energy seeks $1 billion loan to refinance debt[more]

    From Bloomberg.com: Chesapeake Energy Corp. is seeking a $1 billion loan as the company battered by cratering fuel prices and credit downgrades takes a step to address its $9 billion debt load. The natural gas producer hired Goldman Sachs Group Inc., Citigroup Inc. and Mitsubishi UFJ Financial Group

  5. Institutions - Nordic pension funds magnify focus on unlisted and direct investing, building up teams[more]

    From IPE.com: As bond yields remain at low or negative levels, pension funds and other institutional investors in the Nordic region are stepping up efforts to find higher returns by adding more unlisted investments to portfolios and are expanding in-house teams in order to do this, according to new