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In the week ending October 26th 2018, hedge funds, that were already headed for their worst year ever before this month's tumble, got pummeled as October volatility has spiked the market. Given that Friday's turbulence was not included in the data, this could now be the worst month for long/short hedge funds since October 2008, said a report in the FT. Meanwhile, Bloomberg quoted Vaqar Zuberi, head of hedge funds at Mirabaud Asset Management as saying that it's a bloodbath out there across almost every strategy. Equity long-short funds fell 8.7 percent through Oct. 23, according to a report from Goldman Sachs Group Inc., about 3 percentage points more than the S&P. Meanwhile, Lyxor said in its monthly Hedge Fund Brief that hedge funds were down during the first half of October due to the underperformance of CTA, L/S Equity, and Special Situations strategies. MAPFRE launched its latest ESG focused fund - Capital Responsable; Los Angeles-headquartered DoubleLine Capital has begun offering its Luxembourg-domiciled UCITS funds on the Allfunds Bank platform, an open architecture, worldwide distributor of funds and Chase Coleman's Tiger Global Management has raised $3.75 billion for Tiger Global Private Investment Partners XI after just six weeks in market. The fund had a $3 billion target and will make investments in technology companies globally. In other new launches, Luxembourg-based boutique Chahine Capital has expanded its range of funds with the launch of two new strategies; Ar...................... To view our full article Click here |
Alternative Market Briefing Weekly
Saturday, October 27, 2018
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