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Alternative Market Briefing

Some old hands in the hedge fund industry likely to impress also in 2017

Monday, January 02, 2017

Komfie Manalo, Opalesque Asia:

The last year was either a bad year or a good year, depending on whom you ask. But for some hedge fund managers, 2016 was a forgettable year.

However, there are hedge funds that have been rethinking their business models in order to stand out from the rest and deliver alpha. Here are some of the hedge funds that are worth watching in 2017, according to The Journal. Steven Cohen has launched the Stamford Harbor Capital just across the street from the former office of his SAC Capital Advisor and run by his long-time SAC deputy. Many speculate that Stamford Harbor is a prelude to Cohen's eventual return to managing hedge funds after his ban is lifted in 2018.

The 60-year-old Cohen is reported to have started to survey possible investors, specifically interested how much management fees they are willing to pay for investing in hedge funds. Cohen's Point72 Asset Management, which manages his personal wealth, is also expected to post strong returns in 2016.

Investors should also be looking out for Allan Howard. Howard's Brevan Howard is one of the lucky hedge funds that made some healthy profits on the back of a Donald Strump-induced market rally in November. His flagship fund, the Brevan Howard Asset Management LLP, returned 5.6% in November and a 2.8% YTD performance through the same month.

Ho......................

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