Fri, Apr 27, 2018
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. Investing - Sequoia takes Facebook stake as shares slide in data controversy, $1.4b hedge fund sees intact fundamentals for Facebook, Jim Cramer reveals some 'suggested hedge fund trades' amid the Trump tariffs[more]

    Sequoia takes Facebook stake as shares slide in data controversy From Bloomberg.com: The $4.2 billion Sequoia Fund bought a small position in Facebook Inc. as the stock slid late in the first quarter, investment manager Ruane, Cunniff & Goldfarb told clients. "The recent controversy enab

  2. Activist Investors - Blue Sky-owned Wild Breads faces uncertain future[more]

    From AFR.com: A Blue Sky private equity investment in artisan-style baker Wild Breads enjoyed multiple valuation upgrades despite losing millions and breaching its lending covenants, accounts lodged with the regulator last week show. Wild Breads lost $2.4 million in 2017, but Blue Sky ascribed a hig

  3. Opalesque Exclusive: Barnegat to close hedge fund to outside investors on weak opportunities[more]

    Komfie Manalo, Opalesque Asia: Bob Treue's Barnegat Fund Management said it is closing its $666m fixed income relative value hedge fund to outside investors. "The negative side to gains in Fixed Income Arbitrage is that unless we find new opportunit

  4. Investing - Hedge fund makes a big bet on malls, British hedge fund manager Odey short UK government bonds on QE bet[more]

    Hedge fund makes a big bet on malls From Barrons.com: The dominant narrative on American shopping malls is that they're dead. Crushed by Amazon.com, many brick-and-mortar retail stores are destined for bankruptcy. And where is the most retail, clustered all together? Malls. From a

  5. Performance - Hedge funds suffer first back-to-back loss in two years, Netflix performance burns hedge fund short sellers, Macro hedge fund up 14.5% in first quarter sees dollar falling, Renaissance Technologies rebounds across hedge funds in March[more]

    Hedge funds suffer first back-to-back loss in two years From Bloomberg.com: Hedge Fund returns sank for a second straight month in March, the first back-to-back loss since the first two months of 2016, as trade wars, tech-sector woes and a Fed rate hike dragged down the S&P 500 from its