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In the week ending 12 February, 2016, while some of the biggest hedge funds are reporting negative performances so far this year, the HSBC Hedge Fund performance showed that short hedge funds and managed futures are leading early in 2016. Lyxor said that hedge funds have displayed remarkable resilience in January with five out of the 11 strategies in the Lyxor Indices ending the month in positive territory. The 42% increase in Sharp Corp.’s stocks is bad news for short-selling hedge funds; Lynx Asset is one of a group of computer-driven fund which have been cashing in on energy price slide; Andy Hall said his Astenbeck Capital lost 4% in January; William Ackman’s Pershing Square lost 18.6% so far this year on the back of lingering market volatility; Fidelity's high-flying OTC Portfolio is taking a beating in the early going of 2016; Tribeca Global Natural Resources delivered a monster 17.05% return in January; Marshall Wace is the best performing hedge fund in 2015; and Genworth Financial reported losing $240m in the fourth quarter of 2015 on $2.2bn in revenue. in Asia, Kyle Bass has stepped up his attack on China's currency and claimed that Beijing’s foreign reserves are "already below a critical level"; almost all alternative managers are relentlessly bearish about China’s economy and stock market, and are more pessimistic about the renminbi; China's asset management association has warned it would revoke the licenses of hedge fund houses that don't launch products within 12 months of registration; Venkat Subramanian is expecting India...................... To view our full article Click here |
Alternative Market Briefing Weekly
Saturday, February 13, 2016
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