In the week ending 28 January, 2014, Preqin said hedge funds reported a resurgence in asset inflows from family offices and wealth managers in 2013; Forbes released the 25 highest-earning hedge fund managers and traders in 2013 who also made the most gains; hedge funds redemption climbed 3.38% in February from 2.67% in January, the SS&C GlobeOp Forward Redemption Indicator said; Man Group reported a 5% decline in funds under management in 2013 to $54.1bn from $57bn a year ago; Remy Trafelet reopened his hedge fund to outside investors after five years; and Blue Sky Alternative said it was on track to reach $500m in assets by June.
Dymon Asia threw its support to Carl Vine to launch a $500m global hedge fund; and Martin Coward, who previously co-founded IKOS in 1991 with Elena Ambrosiadou, is seeking money to start a $270m quantitative hedge fund.
Hedge funds launched in Asia in 2013 raised $3.85bn, one fifth less than a year before.
Heptagon Capital launched two new Global Equity funds on its Irish UCITS platform.
Steyn Capital to launch emerging and frontier markets long/short value-biased fund.
Emerging markets hedge fund Avantium Investment closed after almost two-and-a-half years in business.
The HFRI Emerging Markets (Total) Index declined 2.5% in January;
The Greenwich Global Hedge Fund Index was down 0.73%;
The Parker FX index fell 0.49%;
The Morningstar MSCI Composite AW Hedge Fund Index fell 0.9%;
And the Scotiabank Canadian Hedge Fund Index was up 2.54% (asset weighted basis).
Japan-focused hedge fund Northwest Warrant generated the best performance in 2013 with 224% returns; funds of hedge funds outperformed single managers in 2013 for the first time ever; Credit Suisse said hedge funds scored profits in short bets this year; Magnum BGM Select Opportunities Fund outperformed the S&P 500 with a slight 0.44% decline in January; R.G. Niederhoffer’s Diversified Program posted a return of 9.3% during 2013; Inflection Strategic Opportunities Fund posted 10.34% net return for 2013 as it outperformed its benchmark; and Fortress Investment said its fourth-quarter profit rose 13% on incentive income.
Among investments made by hedge funds, the hedge fund space is bullish on gold and crude oil and poured huge money into the sectors; hedge funds and speculators are bearish on S&P 500 as VIX advanced; speculative positioning reduced S&P 500 longs to their lowest levels since September 2012; Fairholme Fund took a $1.3bn position in Fannie Mae and Freddie Mac; Macquarie Group warned hedge funds against their big coffee bet; J.C
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