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In the week ending 08 Apr, 2016, data from HSBC showed that a bunch of top hedge funds sustained performance losses in March while hedge funds in South Africa serviced by Peregrine Capital ended March on a positive note, up +12.4% (+5.4% YTD). Quantedge Global Fund returned 24% this year through the end of March as most peers tumbled; Chase Coleman’s Tiger Global lost nearly 22% in the first quarter betting on fuel prices early in the year; Brevan Howard’s main hedge fund lost 2% in March, erasing earlier gains this year; Bill Ackman said he aims to recoup the bulk of his losses in beleaguered drug company Valeant, which has lost 88% of its value since August; Nelson Peltz's Trian Fund Management rebounded sharply in March with 7.24% gains; Ray Dalio’s flagship Pure Alpha hedge fund is off to a bad start this year being down 6.75% in 2016; and Gávea Investimentos posted heavy losses in March as bets on declining prices for financial assets in Asia and Brazil soured.

Tom Wilcox has launched a hedge fund with $150m in assets but with $400m in total commitments; PineBridge Investments has closed the PineBridge Structured Capital Partners III with $600m in assets; J.P. Morgan Asset has launched the JPMorgan Diversified Return Europe Currency Hedged Equity ETF and JPMorgan Diversified Return International Currency Hedged Equity; 361 Capital has launched the 361 Domestic Long/Short Equity Fund; Numen Capital has hired Egerton Capital investment analyst Marcello Sallusti to launch a new fund; and Calamos Investments launched the Calamos Phineus Long/Short Fund, a global long/short mutual fund.

The HFRX Global Hedge Fund Index ......................

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