Sat, Aug 27, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing Weekly

Opalesque Roundup: Age outweighs size for hedge funds: hedge fund news, week 20

Sunday, May 11, 2014

In the week ending 09 May, 2014 new reports claimed that age would play a greater factor in relative performance than size as young hedge funds posted the highest cumulative returns since 2003. The 25 highest-earning hedge fund managers in the United States took home a total of $21.15bn in compensation in 2013; banks again are doling out money to hedge funds and other investors to finance purchases of complex debt securities; banks and hedge funds are also reported to push into peer-to-peer lending. Meanwhile, banks and hedge funds are also said to have made curious deals on new structured toxic-waste securities. Goldman Sachs extended a loan to Steven Cohen backed by his $1bn art collection; and Sir Michael Hintze donated £5 million ($8.48m) to London’s Natural History Museum.

Former Lehman economist John Llewellyn said he planned to launch a macro hedge fund; Blackstone Alternative Asset said it would launch a regulated fund of hedge funds in Europe; Carl Icahn's son, Brett Icahn, and David Schechter will launch a hedge fund management company; startup bitcoin fund Vaurum received $4m seed funding from Battery Ventures, Tim Draper and Steve Case; City Financial’s Asia Macro hedge fund, Counterpoint, was launched with over $120m in assets; and former Gartmore star Guillaume Rambourg launched a second UCITS-compliant fund for his Paris-based investment firm.

Schroders will close down its Alternative UCITS fund sub-managed by London-based credit specialist CQS Asset Management.

The HFRI Fund Weighted Composite Index posted a decline of -0.17% in April (+0.9%); The Greenwich Global Hedge Fund Index ......................

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. Strategies - The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I, Hedge funds get more pushback on terms as enthusiasm for strategy wanes[more]

    The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I From IBTImes.co.uk: To illustrate a strategic gap common to today's portfolio managers, George Sokoloff, PhD, founder and CIO at Carmot Capital, proposes an interesting thought experiment – a breakdown of

  2. Institutional investors - Investors set to increase allocation to private debt, With investment income key, Richmond retirement system faces funding challenges[more]

    Investors set to increase allocation to private debt Investors are set to increase their allocation to private debt, with 60% revealing they believe the private debt market will grow over the next 12 months, according to a new study by Elian, a leading funds services provider. 41%

  3. Investing - Hedge funds snap up banks, unload Apple, Some of hedge funds' favorite stocks are finally starting to beat the market, Einhorn's Greenlight shifts positions, Treasury yield climbs to two-month high as Fischer joins hawks, 9 stocks smart investors put their money in last quarter[more]

    Hedge funds snap up banks, unload Apple From Barrons.com: Prominent hedge funds have a newfound love of big banks, and some have a distaste for shares of Apple, regulatory filings released last week show. The filings suggest that the funds have been pivoting their portfolios in recent mon

  4. Chesapeake energy seeks $1 billion loan to refinance debt[more]

    From Bloomberg.com: Chesapeake Energy Corp. is seeking a $1 billion loan as the company battered by cratering fuel prices and credit downgrades takes a step to address its $9 billion debt load. The natural gas producer hired Goldman Sachs Group Inc., Citigroup Inc. and Mitsubishi UFJ Financial Group

  5. Institutions - Nordic pension funds magnify focus on unlisted and direct investing, building up teams[more]

    From IPE.com: As bond yields remain at low or negative levels, pension funds and other institutional investors in the Nordic region are stepping up efforts to find higher returns by adding more unlisted investments to portfolios and are expanding in-house teams in order to do this, according to new