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Alternative Market Briefing

Opalesque Roundup: Hedge funds gain by mid-March but still down for the year: hedge fund news, week 12

Monday, March 28, 2016

In the week ending 25 March, 2016, the HFRX Global Hedge Fund Index gained +0.66% (-2.32% YTD); The Lyxor Hedge Fund Index posted modest gains at 0.1% (est.) as of March 16 (-2.3% YTD); The Greenwich Global Hedge Fund Index was up +0.09% in February; However the Barclay CTA Index gained 1.74% in February (+up 2.89% YTD); And Hennessee Group said hedge funds lost 0.74%, down 4% YTD.

German institutional investors have more cash on hand these days and start to allocate more to alternatives as fewer traditional investments are providing enough yield to justify large asset allocations; and the booming exchange traded fund industry is showing few signs of slowing down.

Ambit Investment is seeking to raise $150m by the middle of the year to launch an India-focused hedge fund; and Lone Pine Capital senior analyst Ran Li is to start a new London-based equities hedge fund backed by the U.S. firm.

HSBC said the hedge fund’s performance shift is starting to take shape; Crispin Odey’s Odey European fund lost 20% of its value in the first two week......................

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