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Alternative Market Briefing Weekly

Pension funds now largest and fastest growing hedge fund investors: hedge fund news, week 15

Saturday, April 05, 2014

In the week ending 04 April, 2014, EDHEC-Risk Institute cautioned institutional investors on portfolio diversification; pension funds are now the largest and fastest growing investor in the hedge fund industry; Bill Gross, manager of the world's largest bond fund at Pimco, forecasted a low, mid-single digit returns in 2014; and the Hong Kong Jockey Club invested $1.2bn in alternatives, including hedge funds, private equity and private real estate funds.

Context Asset Management launched a new mutual fund Context Alternative Strategies Fund; Context also reported that it tapped Velocity Capital for the multi-strategy fund; Steben & Company announced it has launched the multi-strategy fund of hedge funds Steben Select Multi-Strategy Fund; Crestline Investors completed a $1.71bn fundraising for two opportunistic strategies; Andrea Angelone and several UBS bankers announced plans to start a hedge fund to be based in London; 361 Capital launched the managed futures liquid alternative fund 361 Global Managed Futures Strategy Fund; and Bank of America Merrill teamed up with Sandell Investment to launch an alternative UCITS fund.

The HFRX Global Hedge Fund Index was down -0.23% in March (+1.11% YTD).

Long-short hedge funds suffered around 3% in negative performance last week, compared to a 1.2% decline for the S&P 500; William Ackman's Pershing Square rose 10.7% in Q1 but slipped......................

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