Mon, Dec 22, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing Weekly

Opalesque Roundup: Blackstone latest entrant to hedge funds game through independent management companies: hedge fund news, week 28

Saturday, July 05, 2014

In the week ending 04 July, 2014, Blackstone Group which is already the largest investor in hedge funds has signed on traders in preparation to launch its hedge funds group that involves independent management companies; Solomon "Sol" Kumin said he was planning to launch a stock trading hedge fund firm; and Franklin Templeton is working on launching a range of low-volatility derivatives-wrapped equity funds.

Ashmore unveiled its new short duration emerging markets debt fund, the Ashmore Emerging Markets Short Duration Fund.

Ziff Brothers Investments is closing down the last of its two hedge funds; and Steve Eisman shuts down his hedge fund Emrys Partners.

The Parker FX Index was up +0.66% in May (-0.84% YTD); The HFRX Global Hedge Fund Index went up 0.93% in June (+1.77% YTD); The IndexIQ Hedge Global Macro Beta Index rose 0.58% (+3.10% YTD); And the UCITS Alternative Index Global gained 0.22% in June (+0.94% YTD).

Paulson's Credit Opportunities fund performed positive in May and was up 6.6% YTD; Paulson Credit Fund gained from Lehman, Rescap and Dex Media; Meredith Whitney’s American Revival Fund gained 4.7% in June to cut its losses; Dan Loeb's Third Point flagship fund gains 6% in the first half of 2014; Barry Rosenstein’s Jana Partners rose 1.6% in June and gained 5.3% in the first half of the year; Bill Ackman’s Pershing Square posted a 25% gain in its main fund for the first six months of the year; several hedge funds hurt by tumbling technology stocks earlier this year are now generating profits; and Andreas Halvorsen’s Viking Global gained 6.6% in the first six months of the year.

Private equity funds raised $190bn in assets in the first six months of 2014; David Paradice has returned more than $800m of clients’ money because he feels his fund has become too big to beat the market; and TPG Capital joined Hong Kong’s HS Group to back startup and newer Asian hedge funds.......................

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. Investing - Big hedge funds win again on PetSmart, Riverbed, RBS sells real estate loans to hedge fund Cerberus, Talisman energy speculation: Which hedge funds could benefit?[more]

    Big hedge funds win again on PetSmart, Riverbed From CNBC.com: Another week, another set of wins for activist investors. On Sunday, pet supply retailer PetSmart agreed to the largest leveraged buyout of the year at $8.7 billion. Hedge fund firm JANA Partners had been pushing for a sale a

  2. Outlook - Hedge fund manager who remembers 1998 rout says prepare for pain, Bond guru Bill Gross predicts U.S. economic growth to dip to 2%[more]

    Hedge fund manager who remembers 1998 rout says prepare for pain From Bloomberg.com: Stephen Jen landed in Hong Kong in early January 1997 as Morgan Stanley’s newly minted exchange-rate strategist for Asia. He was soon working around the clock when investors began targeting the region’s

  3. Investing - Hedge funds get boost from healthcare in 2014, Paulson & Co takes stake in Salix on heels of inventory issues[more]

    Hedge funds get boost from healthcare in 2014 From Valuewalk.com: The healthcare sector started the year on a turbulent note, as stocks of many major biotechnology companies were battered. However, most of the players in this sector have bounced back. The BarclayHedge Healthcare & Biotec

  4. Opalesque Exclusive: U.S. legal receivables fund launched in August[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Investing in asset-backed receivables is a strategy that has been an integral part of the alternative investment space within the overall fixed income asset c

  5. Comment - High fees and low performance hit hedge funds[more]

    From FT.com: Disenchantment over high fees and lackluster performance may finally be turning the tide against hedge funds, fresh data suggest. Despite generally weak returns since the global financial crisis, hedge funds have enjoyed positive net inflows every year since 2010. This helped assets und