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Among outlooks, eVestment said that asset flows into hedge funds are likely to remain steady over the course of 2015. Baring a large and unexpected global or financial event, asset flows into hedge funds may reach at least $90 billion to $110 billion in the upcoming year. eVestment also pointed out that inflows in 2014 almost doubled compared to the previous year. However, the expected market volatility in 2015 will add costs for hedge funds of the world’s biggest banks. The political developments in Greece are also having an impact on hedge funds; Preqin predicted that hedge funds are poised to register low returns at the end of 2014; and David Tepper of Appaloosa Management estimated that the S&P 500 could still rise 8% to 10% next year. In the week ending 02 January, 2015, Bridgewater Associates launched its first new strategy since 1996 called the Bridgewater Optimal Portfolio; and Pavel Mamai and Anton Zavyalov are setting up a $130m hedge fund focused on Russian assets. Merchants’ Gate Capital is closing its doors before the end of the year and will return 90% of their money by January 31, 2015. Hedge funds continued their strong performance in mid-December; Bill Ackman, Larry Robbins and Dan Loeb have added to their fortunes with strong gains in 2014; Crispin Odey took home £47.8m in pay last year after raking in millions for his investors; AQR Capital and Discovery profited from declines in steel and mining sectors; the MitonOptimal Co...................... To view our full article Click here |
Alternative Market Briefing Weekly
Saturday, January 03, 2015
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