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Alternative Market Briefing Weekly

Opalesque Roundup: Shorting small caps best performing hedge fund strategy since 2012: hedge fund news, week 19

Saturday, May 03, 2014

Hedge funds that short small caps are amongst the best performing strategies since 2012 and the highest versus average levels since 2004; Meanwhile, Tower Watson's Chris Ford has called for less stock-picking and more strategy from fund managers; and global multi-asset, alternative assets, and diversified growth funds strategies are the most sought-after by investors.

In the week ending 02 May, 2014, despite poor performance, hedge funds assets hit a new peak of $2.7tln thanks to healthy net inflows; Citi Prime Finance reported hedge fund performance ranged from -0.39% to -0.17% in March; activist hedge fund Pershing Square, John Paulson’s Recovery Fund, Brevan Howard’s Credit Value fund, Passport Capital, and Chenavari Investment were among the best performing hedge funds in 2014; in contrast, global macro kings, Tudor, Citrone and Fortress all fell in 2014; Och-Ziff Capital’s shares fell 10% last week on news the Feds are investigating the firm; alternative mutual funds that aim to replicate popular hedge-fund strategies generated disappointing performance; Lansdowne's $8.2bn Developed Markets fund was down 5.3% this year; Frere Hall Capital posted 59% profits in 2013 as revenues almost doubled since 2012; and NexPoint Credit Strategies announced a 9% increase to its regular monthly dividend on its common stock.

New York launches a $1bn new program for emerging hedge fund managers; former SAC Capital Advisors portfolio manager Andrew Bazarian prepares the launch of a Hong Kong-based hedge fund backed by Alibaba co-founder Joe Tsai; Whitebox Advisors launched the Whitebox Tactical Income Fund; and Wells Fargo Advantage Funds introduced an alternative fund......................

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