In the week ending 20 June 2014, hedge fund launches rose through early 2014 as new launches in Equity Hedge and Event Driven continued to attract new investors, HFR said; long/short consumer-focused hedge fund Pagoda Asset Management plans to launch a fund in Q4; Paul Saferstein plans to launch a hedge fund in Q4 be called Saferidge Capital Partners; Salient Partners has launched its second MLP focused fund; and Incapture Investments is readying a multi-asset class, long/short, systematic hedge fund called Alpha Culture.
Swiss-Asia Financial started a hedge-fund platform in Hong Kong; Incapture Investments is readying a multi-asset class, long/short, systematic hedge fund called Alpha Culture; 36 South’s ‘Black Swan’ plans to launch a UCITS version of its long-volatility structure; and SYZ & CO has launched OYSTER Flexible Credit, a new sub-fund of its Luxembourg Sicav OYSTER.
The HFRX Global Hedge Fund Index gained +0.47% in May (+1.30% YTD); The Credit Suisse Hedge Fund Index< was up 1.13% in May, (+1.86% YTD); And hedge funds returned 1.25 (+2.50 YTD), said Preqin.
Paul Tudor Jones claimed without wide swings in the stock and bond markets, the performance of his fund won’t thrive; Boaz Weinstein’s Saba Capital fell 1.7% this year through May, after dropping about 10% over the two previous years; and India-focused hedge funds returned 17.47% YTD said eVestment.
Värde Partners ......................
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