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In the week ending 06 February, 2015, Philippa Allen has seen a trend for hedge fund managers to convert to family offices and expects it to continue this year.

Andrew Bellas and Alexander Captain have resigned from Tiger Global to launch their own hedge fund firms; Scott Phillips has announced the launch of his own hedge fund firm called Latimer Light Capital; Lyxor has announced the launch of the Lyxor UCITS ETF JPX-Nikkei 400 Daily Hedged C-EUR; AlphaParity is readying the launch of two new funds after growing $500m in assets; and Ortus Capital Management is preparing to launch a new fund in mid-March to try to win back investors who left the firm.

The Lyxor HFI Index was up by 1.4% last month versus -1.2% for the MSCI World; The HFRX Macro/CTA index was up 2.0%; The Credit Suisse Liquid Alternative Beta Index fell 0.31%; And the HFRU Hedge Fund Composite Index gained 2.03%.

Jacob Doft explained the continuing under-performance of long-short equity hedge funds; Greenlight Capital’s main hedge fund fell 2.5% in January; Fortress Investment has lost 2.99% during the past week and dropped 11.96% in the past four weeks; Third Point Reinsurance has lost 1.42% during the past week and dropped 7.29% in the past four weeks; Kerry's Colm O'Shea took ......................

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