Alternative Market Briefing

Performance: LODH loses out on Peloton and Focus bets, BlueGold commodity hedge fund gains 30.6% in February, Chesapeake Capital up 17.27% in February, 20.10% YTD, FRM`s Systematic Trading FoHFs up 7.8% in February, comment from FRM`S Directional Trading Sector Head, Clarkson`s 2007 profit rose 23% on shipping demand, hedge fund returned 26.7%, AUM up to $191m, Funds of hedge funds increasingly correlated with world equities, Global macro hedge funds play off the volatility and thrive once more

Monday, March 17, 2008

Opalesque Exclusive: LODH loses out on Peloton and Focus bets Following Peloton (coverage) and Focus Capital’s collapses (coverage), Swiss papers Le Temps and Tribune de Genève reported that Lombard Odier Darier Hentsch (LODH) had suffered losses in February due to exposure to these funds. Tribune said that LODH’s Multiadvisers Europe Equity Long/Short fund of funds had invested around CHF100m (US$102m) in Focus, and was down 6% in February. The Multi Adviser Global Arbitrage had exposure to Peloton and was down 8%. The Global Trading fund was also affected.

Other financial institutions in Geneva such as Pictet, EIM, UBP, Bank Syz’s 3A, Banque Privée de Rothschild, confirmed they had no or a marginal exposure to either Focus or Peloton. No online source.

BlueGold commodity hedge fund gains 30.6% in February From Bloomberg.com: BlueGold Capital Management LLP, a commodities hedge fund co-founded by former V......................

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