•  
• Tweet
•  
•  
•         Track Keywords
•  
• 

In the week ending 29 September, 2017, Steve Cohen has sent investors documents for the upcoming launch of his new hedge fund, Stamford Harbor Capital; Mike Novogratz is starting a $500 million hedge fund to invest in cryptocurrencies, initial coin offerings and related companies; Optima Fund is making available its Optima STAR Long Strategy in Europe; Asia Frontier launched the Luxembourg domiciled AFC Asia Frontier Fund which invests in the Frontier economies of Asia; Capital Fund Management has launched an Australian trend-following trust; former Sprott Asset Management team leader James Fox has launched Ninepoint Partners; and Zurich-based Eniso Partners has unveiled a new FX strategy.

David Perry plans to end the main operations of TeamCo Advisers by early 2018 and ultimately shut the firm; Louis Dreyfus Holding BV will close by the end of 2017, joining a wave of commodity investment vehicles that have shut; and Whitney Tilson said he is shutting down his fund at a time when industry assets are growing but returns continue to lag.

The Lyxor Hedge Fund Index was slightly up with 0.1% returns from 12 September to 19 (+0.9% YTD); The Wilshire Liquid Alternative Index returned 0.4% in August, outpacing the HFRX Global Hedge Fund Index's 0.3% return; And the Greenwich Global Hedge Fund Index was up +0.65% (+5.2% YTD).

Approximately 52% of active fund managers are beating their respective benchmarks' performance this year; the latest HSBC Hedge Weekly performance showed that the top hedge fund performers are focused abroad; Coatue Management returned 26% and raised its stake in Apple after calling iPhone X "groundbreaking"; Crispin Odey's European long-short equity fund declined 14% this year through Sept. 15, while the Lansdowne Developed Markets Fund fell 2.2% ......................

To view our full article Click here