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.
This is one of the few emails I get and read at home. Given that most emails I get, I don't even read (at home, or the office) this is a high hurdle you have achieved. Kudos. Keep up the good work."
John Brynjolfsson, Co-Founder and CIO, Armored Wolf LLC
Opalesque changed the world by bringing transparency where there was opacity and by delivering an accurate professional reporting service.
Nigel Blanchard, Culross
“I am an Opalesque user and find the insights offered therein invaluable in assessing the landscape of our industry and determining our own business strategy and plan of attack.”
Daniel Loeb, Third Point
"I am an Opalesque subscriber, and I find it uniquely focussed and thorough in meeting our need to keep abreast quickly of important developments in the hedge fund industry."
Izzy Englander, Millennium Partners
“I find Opalesque’s daily summaries of all the hedge fund related news exceptionally helpful.”
Cliff Asness, AQR
“Opalesque is a very useful addition to my research”
CEO of CQS, London