Thu, Sep 18, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing Weekly

Hedge fund of funds post best results in four years, but investors still pull out - hedge fund news, week 02

Saturday, January 11, 2014

In the week ending 10 January, 2014, the HFRI Fund of Hedge Funds Index was up 1.2% in December (+8.7% in 2013), its highest return in four years; but despite the rebound in performance, according to eVestment, assets in funds of hedge funds are at an all-time low relative to their single manager counterparts.

Twins Cameron and Tyler Winklevoss are backing a new hedge fund run by Aalap Mahadevia called Briarwood Chase Management; Balter Capital Management’s new Long/Short Equity Fund was launched with $100m from Summer Road, a New York-based family office; Gregg Hymowitz raised $600m to back funds run by shareholder activists; and West Face Capital opened a $553m credit fund to finance companies.

Eagle River Asset, which closed down after its backer FRM Holdings pulled its investment, will return most of its investors money this month; JP Morgan A. M. is set to liquidate its alternative UCITS commodities fund next month following a drop in assets;

The HFRX Global Hedge Fund Index gained +0.56% in December (+6.72% in 2013; The Greenwich Global Hedge Fund Index rose +0.94% (+8.99% in 2013 YTD); The Lyxor Hedge Fund Indices gained 1.15% (+7.0% in 2013; The Bloomberg Hedge Funds Aggregate Index expanded by 0.1% (+7.4 in 2013 YTD); The Barclay Hedge Fund Index went up 1.28% (+11.28% in 2013; The Credit Suisse Liquid Alternative Beta Index was up 0.48 (+7.35% in 2013); The IQ Hedge Composite Beta Index up returned 0.39% (+3.62% in 2013; The HFRU Equity Hedge Index up gained 0.43% in (+8.67% in 2013; And the UCITS Alternative Ind......................

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. SEC charges 19 investment firms and one trader for breach of Rule 105[more]

    Benedicte Gravrand, Opalesque Geneva: The Securities and Exchange Commission (SEC) started a push to enhance the enforcement of Rule 105 of Regulation M last year to uncover hedge funds and private equity firms that have illegally participated in an offering of a stock after short selling it duri

  2. Fund managers, bullish on Europe, anticipate monetary policy separation of Fed and ECB[more]

    Komfie Manalo, Opalesque Asia: At least 202 fund managers with $556bn of assets under management said that while the European Central Bank (ECB) has eased its monetary policy that sent sentiments towards Europe to pick up, the Fed is expected to hike its rate in the spring of 2015. Investor

  3. News Briefs - Limited partners of investment managers may be subject to self-employment taxes, Just one week left until NYC's Rocktoberfest[more]

    Limited partners of investment managers may be subject to self-employment taxes On September 5, 2014, the Internal Revenue Service (“IRS”) issued Chief Counsel Advice 201436049, concluding that members of an investment manager were subject to self-employment taxes with respect to their e

  4. Institutions - Adviser's faith in hedge funds unshaken by CalPERS' move Advisers weigh in on CalPERS’ decision, Gina Raimondo sees no reason to follow California’s lead, exit hedge funds, Danish pension funds step up 'alternative investments'[more]

    Adviser's faith in hedge funds unshaken by CalPERS' move From WSJ.com: Financial advisers who use hedge funds in their clients' portfolios say they aren't rethinking that approach after a huge California pension fund announced plans to exit the hedge-fund market. The decision by the Cali

  5. Short Selling - Notorious U.S. short-seller targets Alibaba[more]

    From Wantchinatimes.com: A notorious American short-seller appears to have "targeted" Chinese internet giant Alibaba on the eve of its historic public listing on the New York Stock Exchange, reports Chinese web portal Hexun. Alibaba's highly-anticipated listing on Friday could potentially be the big