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Alternative Market Briefing

Opalesque Roundup: Hedge funds the investment of choice of institutions for rocky markets: hedge fund news, week 22

Monday, June 04, 2018

In the week ending 01 June, 2018, Hedge funds may be gaining favour with institutional investors, like endowments and foundations, a poll by NEPC of asset allocators showed. Over 80% of investors expect the increase in volatility to last a year or more and thus have longer term impacts. According to the respondents, hedge funds were the alternative investment best positioned to take advantage of these more volatile markets.

The University of Montana Foundation has invested more than $30m in offshore hedge funds and private equity firms.

In performance, merger arbitrage strategy recovered in May along with the tightening of deal spreads; Field Street Capital has extended losses for May to 50% from wagers on Italian debt; Brevan Howard Asset flagship hedge fund, the Brevan Howard Master Fund gained 4.45% through May 25; and Vulpes Life Sciences Class A returned 80% for investors, with just two stocks.

The four biggest hedge fund launches of 2018 have attracted more than $17bn in new assets, according to figures compiled by the FT; Blackstone Group LP has an enticing pitch for the ultra-wealthy: Invest in hedge funds and avoid paying taxes forever; Anthony Scaramucci is close to landing a $30 million investment from the Korean Teacher's Credit Union; a rebound in returns drove up the earnings of hedge fund manager......................

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