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In the week ending 11 March, 2016, in the U.S., hedge funds are crowding into U.S. Treasuries, and that has bond traders bracing for more turbulence. Daniel Loeb's Third Point Partners fund gained 3.2% in March but is off 1.9% for the year while Barry Rosenstein's Jana Partners Fund inched up 1.2% during March, leaving it down 6.1% for the year, David Einhorn’s Greenlight Capital is boasting gains of 3.3% for the year but is flat for March. SunEdison is hurting hedge funds as badly as Valeant did, data showed; and Momentum has reported a 2.3% year-to-date decline, its worst since 2009. Bradley Wickens is leaving Spinnaker Capital to launch an emerging markets-focused fund called Broad Reach Investment; the number of fund of hedge funds launches declined in 2015 to 32 from 86 in 2014; Prairie Wind Advisors, which aims to capitalize on demand for environmentally sustainable food, is being launched and managed from the Cayman Islands; and five Purdue University students have launched an investment startup to protect, manage and grow client portfolios. Omni Partners has announced the launch of the Omni Macro UCITS Fund on the IAM Investments ICAV platform. Gottex Fund Management has shut down the Gottex Endowment Strategy Fund. The Lyxor Hedge Fund Index was up 0.3% as of end Mar. 22 (-2.1% YTD); And the Parker FX Index reported a +0.91% return in February (+1.55% YTD). A report by Goldman Sachs showed that hedge funds performance lags mutual funds in 2016 because of falling Apple shares; Dubai-based Hedi Ben Mlouka’s hedge fund gener...................... To view our full article Click here |
Alternative Market Briefing Weekly
Saturday, April 02, 2016
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