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Alternative Market Briefing Weekly

Hedge fund assets could reach $3tln by year-end : hedge fund news, week 09

Sunday, February 23, 2014

Deutsche Bank said hedge fund assets might reach $3tln by year-end; eVestment said hedge fund assets declined to $2.845tln in January; Towers Watson said smart beta assets doubled to $11bn across over 180 portfolios in 2013; David Einhorn’s Greenlight Re generated $37.5m in underwriting income in 2013; and Farallon Capital closed Farallon Real Estate Partners after commitments of $375m to additional investments.

In the week ending 21 February, 2014, reports suggested that 2014 will be a “blowout" for hedge funds as a host of notable hedge fund startups are expected to launch; Danny Bao sets up his own firm HJY Capital to launch his hedge fund; Gary Townsend partnered with Vernon Hill to raise $100m over three years for a new hedge fund; former Asia head of Ziff Brothers Gregard Heje said he planned to start a Hong Kong-based hedge fund; Pine River is raising $750m for a reinsurance company; Gallery Capital said it would launch its first fund later this month with a $5m capital; Niagara Capital and Pinnacle Wealth Brokers launched a Canadian retail hedge fund; and Pineview Asset is set to launch a technology, media & telecom hedge fund.

Lombard Odier launched two multi-manager funds that will invest in funds that are UCITS or UCITS-compliant.

The HFRX Global Hedge Fund Index gained 0.62% through mid-February (+038% YTD); The, HFRU Hedge Fund Composite Index was up +0.8......................

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