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Alternative Market Briefing

Opalesque Roundup: Hedge funds navigate coronavirus storm: hedge fund news, week 10

Monday, March 09, 2020

In the week ending March 6th 2020, a report from HFR said that Hedge funds investing in Emerging Markets and developed Asian regions began 2020 with a surge in realized asset volatility driven by the spreading coronavirus. According to HFR, coronavirus has contributed to steep losses across regional equity and energy commodity markets, while also driving sharp increases in fixed income and gold prices on investor flight to quality.

Further in performance news, Ray Dalio's Bridgewater Associates is down 8% this year through February in its Pure Alpha II strategy after posting a loss during last month's market turmoil; Dan Loeb's flagship Third Point fund posted a big loss in February, pushing the multistrategy hedge fund into negative territory for the year, while Jim Simons's Renaissance Technologies saw its quantitative equity hedge fund tumble 7% as stock markets sunk.

Chris Hansen's Valiant Capital Partners Onshore surged an estimated 13.97 percent gain in February. As a result, it is now up 19.51 percent for the year, and London-based Brevan Howard's main fund, which bets on macroeconomic events, made 5.2% in February, generating gains of 3.8% year-to-date. Meanwhile, CTAs, Special Situations, and L/S Equity Directional strategies ......................

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