Sat, Apr 18, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing Weekly

Global asset management industry to reach $100tln by 2020: hedge fund news, week 08

Sunday, February 16, 2014

In the week ending 14 February, 2014, PricewaterhouseCoopers predicted the global asset management industry would grow to $100tln by 2020; BarclayHedge and TrimTabs Investment Research said hedge funds sustained $10bn in outflows in December 2013; and LG Capital Fund raised a total of $59.9m from investors as of Jan. 29.

The South African hedge funds space showed steady growth in assets to reach $4.3bn in 2013.

The Asian hedge fund industry surged to record $112.3bn in 2014 due to continued investor inflows.

Alternative UCITS funds continued to grow and registered positive inflows in Q4-13 as assets reached 112.1bn Euro.

Two former top traders at Goldman Sachs and Noble Group plan to launch a hedge fund in Asia; Permal Group launched its first open end alternative mutual fund, Permal Alternative Select Fund; Maven Securities said it would spin out its most successful trading strategies into a hedge fund; ex-Soros money manager Ahmad Zuaiter said he would start a hedge fund that will invest in Argentina, Nigeria, Vietnam and “frontier markets” such as Pakistan, Morocco, Zimbabwe, Iraq and the United Arab Emirates; Arden Asset said it would launch its second fund to give retail investors access to hedge funds; and Global X said it plans to expand its line of ‘guru’ ETFs.

Brevan Howard is shutting down its Emerging Markets Strategies Master Fund after suffering 15% losses in 2013 and the departure of Geraldine Sundstrom.

Religare Global Asset Management plans to seed half a dozen new funds across different strategies to create a multi-boutique alternative asset management platform.

The HFRI Fund Weighted Composite Index posted a decline of -0.6% in January; The Greenwich Global Hedge Fund Index fell 0.73%; The SS&C GlobeOp Hedge Fund Performance Index gained 1.39%; The eVestment’s aggregate hedge fund performance was down 0.56%; And Hedge funds were down 0.44%, beat markets by more than 3......................

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. Tiger Global falls 2.9% in March, down 5.3% in Q1[more]

    From Reuters.com: Investment firm Tiger Global Management, one of the hedge fund industry's most closely watched players, told clients that its hedge fund lost 5.3 percent during the first quarter, an investor said on Wednesday. Much of the decline came in March when the fund lost 2.9 percent,

  2. It’s not just hedge funds—IMF study finds stability risks from ‘vanilla’ funds[more]

    From MarketWatch.com: Leveraged hedge funds and banklike money-market funds are the parts of the asset-management industry most associated with risks to financial stability. But a report from the International Monetary Fund suggests that “plain-vanilla” mutual funds and exchange-traded funds also ca

  3. Hedge funds gain 2.4% in Q1 driven by currency and commodity markets[more]

    Komfie Manalo, Opalesque Asia: Hedge funds posted positive results last March to conclude a strong first quarter, with performance driven by strong macro trends in currency and commodity markets, complemented by broad-based gains and positioning in event driven, equity hedge and fixed income-b

  4. Hedge funds looking to continue their rally in Q2[more]

    Komfie Manalo, Opalesque Asia: Hedge funds finished the first quarter on a strong note and are looking to continue the rally in the second quarter, said Lyxor Asset Management in its Weekly Brief. The Lyxor Hedge Fund Index is up 0.4% over the week

  5. Hedge funds down -0.17% in March (+1.23%YTD)[more]

    Bailey McCann, Opalesque New York: The hedge fund industry produced an aggregate return of –0.17% in March to end Q1 2015 up 1.23%, compared to the S&P 500 which increased 0.96%, according to the latest data from eVestment. Hedge fund performance returns were mixed in March amid increased equity

 

banner