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In the week ending 22nd November, 2013, it was reported that with the Dow Jones industrial average around 16,000, hedge fund managers that focus on betting against stocks see the opportunity to make money on what they see as an equity bubble; many prominent managers believe the record-setting run-up in U.S. stocks is due for a reckoning but acknowledge that ample liquidity could push equities higher regardless of fears, said Reuters; David Tepper of Appaloosa Management said stock markets are not inflated as economies in the U.S., Europe and China are on firm ground; “I know there’s talk about bubbles, this is not one,” he told Bloomberg; Carl Icahn said while he is worried about the level of the market, it is almost impossible to predict what a market will do in the short term.

Franklin Templeton and K2 Advisors launched a multi-manager, multi-strategy mutual fund focused on alternative investment strategies, the Franklin K2 Alternative Strategies Fund; Naoki Iwami launched the Whiz Rock Global Macro Investment Fund in August with about $50m, and the fund is up about 1% since; China's biggest investment bank Citic created a 2 billion yuan ($330m) fund of seed capital to back new and established hedge fund managers in China; Svein Hogset, a partner at TPG-Axon Capital is leaving the firm to return to Norway and launch a new European long/short equity hedge fund; and Geoff ......................

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