Sun, Apr 19, 2015
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Opalesque Roundup: Helped by dollar gains, hedge funds produce best quarter since 2013: hedge fund news, week 17

In the week ending 17 April, 2015, hedge funds have enjoyed their best quarter since 2013 as their big investments on the rise in the U.S. dollar paid off; the United Nations Joint Staff Pension Fund is in the final stages of deciding how it will add to its mix of alternative investments; the SS&C GlobeOp Hedge Fund Performance Index for March showed that investors have trimmed their hedge fund bets in April by 1.14%; fixed income hedge fund managers are trying to get their heads round how to trade with ECB’s massive bond-buying program; BlueMountain Capital has cut its stake in New York-listed DryShips to 5%; and Susquehanna International, Aristeia Capital, CQS, AQR Capital and Och-Ziff Management, as well as French banks BNP Paribas and Natixis, had "short" positions of between 0.5% and 1.96% of Alcatel's share capital.

Chalkstream Capital is betting that South Korea will be its next best source of alpha; Toscafund bought a 12.1% stake in Circle Holdings worth nearly £10m; Victory Park Capital expanded into real estate sector with $50m investment in Renovo Financial; Grantham Mayo van Otterloo takes strong exception to the conventional view that investors should hedge their foreign equity exposure; Joho Capital’s bet on tech paid off and has generated returns of around 20% a year since its inception.

John R

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