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Alternative Market Briefing Weekly

Opalesque Roundup: Some of the largest multi manager hedge funds advanced in February: hedge fund news, week 10

Saturday, March 09, 2019

In the week ending March 08th 2019, various reports said many of the hedge fund industry's biggest multi-manager firms advanced in February. Ken Griffin-led Citadel's flagship multi-strategy funds, Izzy Englander's Millennium Management, ExodusPoint Capital Management, Point72 Asset Management, Balyasny Asset Management and others rose in February, bringing their performance up for the year after taking a beating in '18.

February was also a strong month for Bill Ackman, whose Pershing Square Holdings gained 8.9% during the month to give the publicly traded hedge fund a gain of 28.9% for the year so far. Carl Icahn's private investment portfolio also returned 4.3% in the fourth quarter, boosting its 2018 gain to 7.9%.

However, hedge-fund manager Alan Howard is having a rough start to 2019 in the fund and registered a slump of 8.5% in two months

Further in performance news, Kazmarck Capital's Opportunities Program, a global macro absolute return strategy, returned 1.47% in February, mainly thanks to its investments in energy. Lyxor noted that many hedge fund strategies experienced a symmetric move while the emerging markets rally caught hedge fund managers off guards.

Meanwhile, the HFRI Fund Weighted Composite index (FWC) advanced +1.4% in February, with gains across all main strategies, as well as in Risk Premia and Risk Parity strategies and the Hennessee Hedge Fund ......................

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