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Alternative Market Briefing Weekly

Opalesque Roundup: Lesser known hedge funds among top performers in 2014: hedge fund news, week 48

Saturday, November 22, 2014

In the week ending 21 November, 2014, Lyxor AM said hedge funds are still recovering but registered a modest 0.1% gains in performance since mid-October; lesser known hedge funds, like Whale Rock Capital, Matrix Capital, PAR Capital, Senator Investment, and Starboard Value appear to be the top performers so far; Preqin said hedge funds have posted their sixth monthly loss in 10 months in October; Goldman Sachs hedge fund fell 5.6% last month; Senrigan Capital Group returned 15% in the first 10 months of 2014; Renaissance Institutional Equities boasted a 6.4% October performance; more hedge funds are joining the ranks of those injured from a September court decision against Fannie Mae and Freddie Mac; Asia ex-Japan focused hedge funds are up 7.44% year-to-date until October; and Andy Hall's hedge fund Astenbeck Capital Management had a 5% loss in October.

Among investments reported from hedge funds, some of the biggest U.S. funds are buying Alibaba shares but Apple is still the most popular stocks among hedge funds, according to the latest filing; hedge funds are back at a net long position on the S&P500, according to the Bank of America Merrill Lynch; David Einhorn’s Greenlight Capital took a stake in Citizens Financial Group; Tiger Global Management increased its stake in Hertz Global Holdings in the third quarter and exited Dollar General; Oberweis Asset Management sold its entire 1.3 million-share stake in the third quarter; Whitney Tilson is sticking with his bet on MagicJack shares; Brigade Capital, Silver Point and Contrarian are funding the sale......................

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