•  
• Tweet
•  
•  
•         Track Keywords
•  
• 

In the week-ending 27 December 2013, Citi Prime Finance said that hedge funds posted both performance and assets gains in November with assets gaining $45.3bn; the average hedge fund was up 8.2% this year but lower than a near 21% rise in the MSCI World Index for stocks; the Bank of America Merrill Lynch Global Research said that interest in equities grew this year as hedge funds returns slid; 2013 was a great year for small hedge funds that recorded big gains this year; Michael Farmer’s Red Kite metals hedge fund was up 40% this year for three consecutive years of double-digit returns; Jason Karp’s Tourbillon Capital gained 15% returns in Q3 from short bet in J.C. Penney; and Boaz Weinstein’s Saba Capital appeared headed for its second losing year in a row.

Goldman Sachs raised more than $1bn to launch a new real estate hedge fund; and former HSBC banker Roshan Padamadan said he would start a hedge fund that will invest in liquid securities including stocks, bonds and derivatives globally.

Hedge funds trail U.S. stocks as Bloomberg Global Aggregate Hedge Fund Index was up 7.1% YTD; And the MSCI Indices showed substantial advances in global equities, except Emerging Markets.

Among investments made by hedge funds, it was said that John Paulson sold his Washington Mutual bank bonds; hedge funds are targeting troubled Australian and mining companies; hedge funds are investing heavily in property again particularly expecting huge returns from rentals; and Cargill’s hedge fund unit Black River Capital raised its holdings in AgriNurture to 30.92% from the current 28.11%.

Institutional investor demand for alpha is fueling long-only strategies f......................

To view our full article Click here