Sun, Nov 23, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing Weekly

Majority of hedge funds exceeded performance expectations in 2013 : hedge fund news, week 05

Saturday, February 01, 2014

In the week ending 31 January, 2014, Preqin said that majority of investors believed hedge funds exceeded performance expectations in 2013; it added that Asia Pacific hedge funds were the top performers last year; Citi Prime Finance said composite hedge fund performance, equal-weighted across funds, rose between+0.56% and +1.1% in December 2013; Blackstone Group posted record fourth-quarter earnings as income more than doubled to $1.54bn from $670m a year earlier; CSV China Opportunities Fund reported strong performance in four years with 64% returns; Topni’s Asia Pacific long/short equity fund returned 15% in first three years since its launch in 2010; Gottex Fund’s portable alpha equity strategy gained 39% in 2013; and Deepak Narula’s flagship Mortgage Opportunities Fund ended 2013 up 0.53%.

Carrhae Capital said it was planning to launch a long-only fund next month; Lotus Peak said it would launch a fund of hedge funds riding on Japan’s so-called Abenomics; Aurum Funds said it would launch a fund of hedge funds which meets AIFMD-compliance rules; Marathon Asset started a second fund focused on distressed assets in Europe; and Context Capital joins the mutual fund arena with the launch of a multi-manager mutual fund.

Asian hedge fund PCA Investments said it would close down; Scout Capital said it would return $6.7bn to clients as co-founder Adam Weiss stepped back; and Joho Capital will liquidate after 18 yea......................

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. Greenlight Re CEO says hedge fund reinsurance strategy buzz is validating[more]

    From Artemis.bm: The attention being paid to the hedge fund reinsurance business model and the fact that others are now looking to leverage bits of it within their own strategies, is validating for reinsurer Greenlight Capital Re, according to CEO Bart Hedges. There has been an increasing buzz

  2. Legal - Hedge fund manager fights £8m tax tribunal ruling[more]

    From FT.com: A hedge fund manager who may have to repay £8m in tax is trying to overturn a tribunal ruling that found he had attempted to shelter millions in an avoidance scheme. Patrick Degorce, chief investment officer at Theleme Partners, lost a tax tribunal case last year. HM Revenue & Customs c

  3. Europe - Hedge funds face exit tax as Iceland central bank discusses plan[more]

    From Bloomberg.com: Hedge funds and other creditors with claims against Iceland’s failed banks face an exit tax as the island looks for ways to unwind capital controls without hurting the economy. The government targets having a plan it can present by year-end that would map out how Iceland will sca

  4. Investing - George Soros puts $500m of his money on Bill Gross, Soros, Paulson backed Hispania Activos mulls Realia takeover, Ex-Credit Suisse trader’s hedge fund sees yen shorts as crowded, Hedge hunters double default-swaps as views split, Large hedge fund positions come under pressure, Vikram Pandit's fund picks 50% stake in JM Financial's realty lending arm for $87m[more]

    George Soros puts $500m of his money on Bill Gross From WSJ.com: Before Bill Gross was fully settled in at his new firm, Janus Capital Group Inc., he received an unlikely visit from the chief investment officer of famed investor George Soros ’s firm, according to a person familiar with t

  5. Hedge fund Oceanwood raises $2bn, to close to new investors[more]

    From Reuters.com: Europe-focused hedge fund Oceanwood Capital Management is closing its fund to new investors after its assets under management hit $2 billion (1 billion pounds) recently, a source with direct knowledge of the matter said. Oceanwood, a multi-strategy hedge fund spinout from Tudor Gro