In the week ending 11 April, 2014, the oldest and biggest hedge funds have the most assets according to the latest data from eVestment; Capstone Investment Advisors’ Paul Britton predicted that his current $2.5bn assets will grow to $10bn within five years; Eurekahedge said hedge funds attracted over $30bn in the first quarter; BarclayHedge and TrimTabs Investment Research reported hedge funds received $24.3bn in February; Coatue Management said it would returns as much as 35% of the money in his main $7bn fund; and Ashmore Group’s assets dropped $6.2bn in the third quarter of this year.
Credit Suisse and Luis Stuhlberger have agreed to set up a new asset management venture and launched a fund with $13.6bn in assets; Aventicum Capital launched its European long/short hedge fund, Aventicum Alternative Equities; and Qatar’s sovereign wealth fund executive Kamel Maamria is leaving to start a hedge fund.
First Trust Advisors launched a new liquid alternatives platform to build on existing alternative ETFs; and ML Capital, launched a London based independent alternative asset manager, the North MaxQ Macro UCITS Fund.
The HFRI Fund Weighted Composite Index was down -0.34% in March (+1.07% YTD); The Greenwich Global Hedge Fund Index retreated -0.16% (+1.18% YTD); The S&C GlobeOp Hedge Fund Performance Index: March performance -1.03%; Capital Movement Index: April net flows declined 0.48%; The IndexIQ Hedge Composite Beta Index returned -0.45% (+1.05% YTD); And the UCITS Alternative Index Global fell 0.33% (+0.34% YTD).
March was not kind to hedge funds as many of the big wigs suffered performance during the month; hedge funds ended the ......................
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