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Alternative Market Briefing Weekly

Defined benefit plans prefer hedge funds: hedge fund news, week 07

Saturday, February 08, 2014

In the week ending 07 February, 2014, hedge funds outperformed the S&P500 in January this year said Bank of America Merrill Lynch. Bridgewater Associates’ Ray Dalio gained 1.1% while David Einhorn’s Greenlight RE was down 1.5% in January, and Dan Loeb’s Third Point dropped 1.8% during the same period; Bill Ackman’s Pershing Square gained 4% last month to beat S&P 500.

GAM’s monthly insight said that hedge funds failed to realize their monthly expectations because of weak emerging market; Citadel defied the market slump in January as its two flagship funds rose 3.4%; Goldfinch Capital gained nearly 21% last month betting on natural gas; Och-Ziff Capital reported a sharply higher quarterly profit that beat Wall Street analysts' forecasts; and Andrew Hall’s Astenbeck commodity hedge fund lost 8.3% in 2013.

Ex-Deutsche Bank mortgage trader Troy Dixon said he would launch a $200m hedge fund; Capri Capital Partners plans to raise $400m to launch its first India-dedicated real estate private equity fund; Matthieu Bosser launched a commodity long/short fund that will bet on end of secular bull market; and Arden Asset will offer a second fund to allow the Main Street invest into hedge funds.

Omni launched the Omni Secured Lending Fund focused on secured property lending market in the UK; Gottex Fund launched a Swedish multi-asset UCITs product on Folksam unit linked platform; and Bermudan reinsurer Swan Re launched a hedge fund reinsurer.

Exis Capital said it would shut down following poor performance last year.


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