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Alternative Market Briefing Weekly

Opalesque Roundup: Hedge funds raised $16.9bn in May while mutual funds also become more popular for alternative strategies: hedge fund news, week 29

Saturday, July 12, 2014

In the week ending 29 July, 2014, BarclayHedge and TrimTabs Investment Research reported that the hedge fund industry took in $16.9bn in assets in May; Som Seif aims to reach $7.5bn in assets for Claymore Investments; and Aston Hill reported some $7.5bn in assets as at end June compared with $7.4bn at March 31.

361 Capital has launched its Global Macro Opportunities Fund and will wrap a global macro strategy in the mutual fund structure; Elliott Management’s alumni Kenneth Ng and Arthur Lau have set up Ark Pacific Capital Management in Hong Kong; GSAM launched three new Wealthbuilder Multi-Asset Funds aimed at individuals; alternative investment firm Sporting Ranch Capital is closing in on its second fund; Evanston Capital announces the launch of the Evanston Alternative Opportunities Fund; BPV Capital teamed up with AJO, and launched the BPV Large Cap Value Fund; and Netagio launched the first and only British exchange enabling retail customers and institutional investors to trade gold, Bitcoins and GBP on a single peer-to-peer exchange platform.

The HFRI Fund Weighted Composite Index gained 1.3% in June (3.2% YTD); The Lyxor hedge fund index was up 0.7% (+1.6% YTD); illiquid premium get monetary support; The Greenwich Global Hedge Fund Index rose 1.43% (+3.20% YTD); The Eurekahedge Hedge Fund Index grew 1.45% (+3.18% YTD) And the Wells Fargo Hedge Fund Manager Holdings Index surged 8.7% (+10.4% YTD).

In performance, global macro hedge funds are showing signs of life after weathering a difficult period; hedge fund managers outperformed the market on their European short positions; data from Deutsche Bank ......................

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