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In the week ending 16 January, 2016, the outlook amongst hedge funds is that they are said to be bracing for more pain this year. The pace of hedge fund liquidations climbed 25 per cent in the third quarter of 2015, taking the nine-month total to 700. Jeffrey Gundlach warned investors that it was still too soon to invest in US junk bonds as redemptions threaten the asset class; S&P said that corporate credit conditions are worsening at fastest pace since the 2008 financial crisis. However, Peltz International said that early-stage hedge fund investing will continue to evolve. Stephen Cucchiaro has launched a macro hedge fund called 3EDGE Asset Management; and Archstone Partnerships has extended its investment offerings to accredited investors through the Archstone Alternative Solutions Fund. J.P. Morgan AM has launched a new UCITS fund, which will invest in a number of hedge fund strategies. SAC Capital is having a hard time closing down because of its difficulty in distributing proceeds from illiquid investments; John A. Paulson is winding down his Bermuda-based reinsurance company, PacRe; and Octagon Capital is returning all client money in its two funds and convert to a family office. The HFRI Asset Weighted Index fell -1.3% in December (-0.4% for 2015 YTD); The Eurekahedge Hedge Fund Index gained 1.56% (-0.58% YTD); eVestment said the average hedge fund ...................... To view our full article Click here |
Alternative Market Briefing Weekly
Saturday, January 16, 2016
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