Sat, Dec 10, 2016
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Opalesque Roundup: Has world economy reached the high-point of globalization and open markets? Hedge fund news, week 48

In the week ending 02 December, 2016, in other miscellaneous hedge fund news, Mike Coleman said at the recent Opalesque Singapore Roundtable that from a market’s perspective, the global economy has possibly reached the high point of globalization and open markets; Rajesh Sundaresan said that robo-advisory could provide more cost effective solution than buying funds or even an ETF; Theta Capital Management has added the Discovery Capital Global Opportunity Fund to its flagship Legends Fund; new data showed that even secretive hedge funds could open source their software; and Putnam Investments is pushing into Europe, Middle East and Africa to serve institutional clients and investors in the region.

Amar Anand is preparing to leave the Hong Kong-based money manager to launch his own global Asia-focused hedge fund; OMGI has announced its intentions to launch the Old Mutual Style Premia Absolute Return Fund at the beginning of December; Maxime Kahn is preparing to start his own hedge fund to bet on rising and falling share prices; Alphadyne Asset Management will separate its Asia team into a new firm; and GAMMA Capital Management in London has launched two Irish domiciled funds focusing on investments into Iceland.

Lotus Peak Capital is shutting down a Japan-focused fund as investors have soured on Abenomics; BH Macro has proposed measures that could see to wind up its portfolio after several years of disappointing performance; Glade Brook Capital is shutting its original hedge fund in favor of a new series of vehicles focused on big bets in public securities; and Tyrian Investments is closing down because of mounting redemption pressures.

The Barclay Hedge Fund Index was down 0.32% in October (+4.03% YTD);
The Barclay CTA Index was down 1.24% (+1.30% YTD);
The Lyxor Hedge Fund Index has moved up 0.7% as of end Nov. 22 (-1.6% YTD);
And the MVIS North America Long/Short Equity Index was up 0.52% in November (+1.48% YTD).

Hedge funds reported mixed performances in November after Donald Trump's surprise U.S

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