In the week ending 20 November, 2015, several U.S.-based hedge funds reduced their holdings in Apple in Q3 as shares of the iPhone maker dropped sharply; Netflix and Paypal are now the favourite holdings of hedge funds with investments from Soros Fund, Viking Global, Tiger Global and others; Soros Fund also exited its bet on Herbalife. Hedge funds rebounded in October as performance recovered due to a healthy market return following a period of market volatility in August and September, Lyxor AM said; RWC's Global Innovation Absolute Alpha Fund posted its best-ever monthly gains in October, up 5.71% on strong gains in Ubisoft; the Preqin All-Strategies Hedge Fund Benchmark was up 2.07% in October, 2.45% YTD; Wilshire Funds said that the Wilshire Liquid Alternative Index returned 1.09% in October (-1.37% YTD); Greenwoods Asset and Marco Polo Pure Asset were among hedge funds that posted double-digit gains in October; K2 Advisors said that event-driven hedge funds are the ‘worst disappointment' this year; Doric Capital's flagship $206 million small-cap fund rose 1.7% in October; Quaesta Capital has outperformed its major peers with 21% gains through November 11 by betting on volatility; and Passport Capital, Maverick Capital, Glade Brook Capital and Pagoda Asset beat their struggling peers and the anemic stock market by betting against stocks. William Ackman's Pershing Square Holdings portfolio has los...................... To view our full article Click here |
Alternative Market Briefing Weekly
Saturday, November 21, 2015
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