Little-known hedge funds outperform giants this year... [more]Komfie Manalo, Opalesque Asia: Little-known hedge funds provided the biggest gains in 2014, beating
their much larger giant counterparts, according to research firm
Mumbai-based Hiren Ved's $53m long-short equity fund Alchemy Capital
Management registered the highest returns
Hedge funds rebound after two month slump, AUM up to $3.070 trillion... [more]Bailey McCann, Opalesque New York: Hedge fund AUM has rebounded following two months of investor outflows according to the latest asset flow data from eVestment. Investors added $5.4 billion into hedge funds and performance gains bumped total industry AUM up to $3.070 trillion.
S&P 500 long positions largest in a year - BAML... [more]Bailey McCann, Opalesque New York: Hedge fund long positions of the S&P500 are at their largest this year according to the latest hedge fund monitor data from Bank of America Merrill Lynch. Overall, the diversified hedge fund index was down 0.8% for the week through Dec 17, while S&P500 was down
Hedge funds decline in mid-December on oil and Russian ruble concerns... [more]Komfie Manalo, Opalesque Asia: Hedge funds decline in mid-December on oil and Russian ruble concerns
Hedge funds declined slightly in mid-December with the HFRX Market
Directional Index falling -0.73%, while the HFRX Global Hedge Fund Index
retreated -1.31%, said industry tracker Hedge Fund Re
Point72 starts multistrategy unit as Cohen diversifies... [more]From Bloomberg.com: Steven A. Cohen’s Point 72 Asset Management plans to start a multistrategy unit next month as the former hedge-fund manager continues to reorganize his investment firm. The new unit, Rubric Capital, will trade across asset classes with a focus on undervalued securities, according
HFRU Hedge Fund Composite Index down -0.66% in mid-December (+3.85% YTD)... [more]HFRU Relative Value Arbitrage Index posted a decline of -0.13% through mid-December, with positive contributions from Volatility and hedged European exposures offset by declines in Emerging Markets and Global Fixed Income managers.
HFRU Event Driven Index posted a decline of -0.26% through mid
Comment - Will hedge fund fees come down to earth in 2015?... [more]From KDVR.com: Sophisticated investors have this on their New Year’s resolution list: Negotiate harder on hedge fund fees. At the moment, investors typically pay 2% just for the privilege of letting a hedge fund manage their millions.
Even if the fund performs horribly, the manager gets to kee
Asia - Indian Hedge funds give startups luxury to delay IPO plan... [more]From Indiatimes.com: Hedge funds, which typically have investment horizons of days or weeks rather than months or years, have been making a beeline to invest in Indian startups but that does not mean public share sales in the form of IPOs are imminent, according to bankers and observers of the entre
…And Finally - World's highest ever Christmas carol concert... [more]From Orange.co.uk: A gospel choir set a new world record for the highest altitude carol concert when they sang on a flight from London's Gatwick airport to Geneva.
Airline Easyjet enlisted The ACM Gospel Choir for the 15 minute concert which lasted 15 minutes and took place at an altitude of 3