Tue, Mar 31, 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. Other Voices: Does the hedge fund industry benefit society?[more]

    This article was authored by Don Steinbrugge, Chairman of Agecroft Partners, a US-based global consulting and third party marketing firm for hedge funds. It is no secret that the hedge fund industry is viewed negatively by a la

  2. Private credit comes into focus for investors[more]

    Bailey McCann, Opalesque New York: As investors look for a way out of the low yield/no yield environment, private credit is becoming an increasingly attractive asset class, according to a white paper from Bayshore Capital Advisors. Private credit has grown steadily since the financial crisis as

  3. M&A - Hedge funds no longer attractive targets for banks, reinsurers, Blackstone buys stake in Christopher Pucillo’s Solus event-driven hedge fund[more]

    Hedge funds no longer attractive targets for banks, reinsurers From Institutionalinvestor.com: Swiss RE, the world’s second-largest reinsurer, is looking to sell its 15 percent stake in Jersey, Channel Islands–based hedge fund firm Brevan Howard Asset Management. Morgan Stanley reported

  4. Opalesque Radio: Threadneedle expects continuing equity volatility this year[more]

    Benedicte Gravrand, Opalesque Geneva: Investors should expect more volatility, which is signaling a "slow moving" top to the market, KKM Financial’s founder and CEO Jeff Kilburg told CNBC on Monday. And this volatility is going

  5. Hedge funds show strong performance of 2.52% so far in 2015[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry got off to a strong start in 2015 "completely unmindful" of the poor performance last year, according to data provider Preqin. According to Preqin, following a year which saw the average he

 

banner