In the week ending 27 February, 2015, a majority of hedge fund managers have identified regulation as the biggest challenge facing the industry this year; SEC’s Mark J. Flannery has warned of the risks posed by market misconduct, particularly in the true valuation of assets by hedge fund managers; and ISDA released new principles and initiatives for regulators, market participants and industry service providers to improve regulatory transparency.
Octagon Asset said that the launch of Octagon Global Trade Fund was right on time; FIS Group has teamed up with Talson Capital Management to launch Paragon Discovery Fund; Allen Chu plans to start his own hedge fund, Aventia Master, in Singapore in April; Halcyon Liquid Strategies and Guggenheim Partners announced the launch of the GFS Halcyon Liquid Opportunities Fund; and Adamas Asset and Ping An Insurance Group have finalized a memorandum of understanding to co-manage a debt fund with an initial target of $500m.
The Barclay CTA Index gained 3.41% in January;
And the Lyxor Hedge Fund Index was up 0.3% WTD (-0.2% MTD).
dbSelect’s top ten FX strategies averaged almost 10% in January
Despite losing money through a wrong-footed short of Tesla, Whitney Tilson returned 14% in 2014, which is better than the average hedge fund performance; Bill Gross’s $1.46bn Janus Global Unconstrained Bond Fund trailed its benchmark in the fourth quarter of last year; Greenwoods Asset’s move into China’s A-shares market last year accounted for half of the 30% gains in 2014; Leda Braga produced one of the highest returns in January after her main fund, the $8.4bn BlueTrend, generated 9.5%; dbSelect’s top ten FX strategies averaged almost 10% in January; Cheyne Total Return Credit Fund delivered a 17.5% net return in 2014; and Dymon Asia's $3.1bn macro hedge fund lost 10.45% in January.
Investors requests to withdraw assets from hedge funds rose as the SS&C GlobeOp Forward Redemption Indicator posted a 3.64% rise in February; fund under Management at Man Group are up 35% to $72.9bn (31 December 2013: $54.1bn) and net inflows amounted $3.3bn; Carlyle Group’s hedge fund unit, Claren Road, recorded about $2.5bn in outflows since October last year; BlackRock’s long-lease fund has reached £300m (€408m) with the purchase of a UK office asset; T
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