Thu, Oct 17, 2019
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing Weekly

Opalesque Roundup: Hedge fund launches in 2016 lowest since 2008: hedge fund news, week 02

Saturday, January 14, 2017

In the week ending 13 January, 2016, data from Hedge Fund Research showed that the number of hedge fund launches in 2016 is set to be the lowest since 2008 with only 576 new funds in the first three quarters.

On the FinTech side, LendingRobot has launched an automated hedge fund to buy credits from online lenders using blockchain technology. Sagewood Asset is officially launching as an independent $1.2bn asset manager focused on volatility strategies; EFG Asset Management has launched a new multi-manager fund to tap the best opportunities from within hedge funds; and Amplify ETFs has filed for an actively managed ETF that will provide unique exposure to the MLP space.

The Lyxor Hedge Fund Index finished 0.1% as of January 3; The HFRI Fund Weighted Composite Index advanced 1.1% in December, bringing the annual return to 5.6%; The Eurekahedge Hedge Fund Index was up 1.01% (+4.48% YTD); And the flagship SG CTA Index closed 2016 slightly negative -2.86% and SG Trend Index -6.19%. The SS&C GlobeOp Hedge Fund Performance Index was up 1.29% in December;and the Capital Movement Index reported a 3.05% decline of January net flows.

Hedge funds also reported declines in profits in 2016 as performance falls and the global instability unsettled most investors.

Brevan Howard’s flagship fund gained 3% last year after spending much of the year in the red; Crispin Odey's main hedge fund slumped 49.5% in 2016, its worst annual decline; Andy Hall's Astenbeck Capital Management fund surged 8.1% in December, while Pierre Andurand's Andurand Capital posted a 6.8% gain in the same month; Gondor Partners LP ......................

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. Venture firm Mithril Capital says it has been under assault by its former general counsel[more]

    It's been a strange year for Mithril Capital Management, the venture firm cofounded in 2012 by Peter Thiel and his longtime associate Ajay Royan. Though Mithril enjoyed its biggest exit to date in February, when Johnson & Johnson agreed to pay $3.4 billion, plus another potential $2.35 billion i

  2. Gen Z and Money: Will the youngest generation of adults drive FinTech?, Robo-Advisor to offer actively managed portfolios based on hedge fund holdings[more]

    Gen Z and Money: Will the youngest generation of adults drive FinTech? Findings released in the Logica Future of Money Study show that Gen Z is pioneering work opportunities in a social and tech-based workforce. Key findings also indicate an increasing interest in computer-based advice to

  3. CTAs slide in September[more]

    From Institutional Investor: Commodity trading advisers had a post-summer swoon in September. After posting two strong months of performance in July and August, the computer-driven strategy - also called managed futures - reported losses mostly ranging between 3 percent and 5 percent last month.

  4. Tech: Quantum computing may be closer than expected with 'game changer' discovery[more]

    From Inverse: While quantum computing has long been an exciting notion for scientists and the public alike, the realization of these technologists has long been on hold. But researchers from the Johns Hopkins University have discovered a material that might just fast-track the creation of these, unt

  5. PE/VC: Private-equity deals depress worker wages, study finds, Thoma Bravo to buy Sophos for $3.9bn, Unicorn valuations are fit to burst, warn investors[more]

    Private-equity deals depress worker wages, study finds From Market Watch: Private-equity deals result in worse pay for workers, and, depending on whether the buyout target was public or not, fewer jobs, according to a newly published study. The study of some 6,000 private-equity de