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In the week ending July 5th, 2019, Lyxor said that all hedge funds strategies delivered positive returns in June 2019 - L/S Equity Directional, L/S Credit and Market Neutral L/S outperformed. CTAs outperformed in June (+2.8%) due to their long equity / long fixed income positioning. Meanwhile, Brevan Howard Asset Management's flagship hedge fund returned 3.9% in June, capping off its best first half since 2009. The Master Fund is up 9.3% in the first six months, building on a 12.4% gain in 2018. It has emerged as one of the big winners from this year's steep plunge in US government bond yields, as the hedge fund continued its turnaround after years of lacklustre performance and client withdrawals. Further in performance news, Bridgewater, the world's largest hedge fund, posted returns for 2018 that not only outperformed benchmark indexes for various asset classes, but also many of its peers and Dan Loeb's Third Point capped a strong second quarter with another gain in June as its Third Point Offshore fund rose 3.8 percent in June. Meanwhile, David Einhorn's Greenlight Capital hedge fund posted a 1.3 percent gain in June; Longtime activist investor and Pershing Square Capital Management chief Bill Ackman's win streak showed no signs of stopping halfway through 2019 as returns approached historical levels, and Engaged Capital may be smaller and less well known than some other activist hedge fund firms - but it has been one of the most aggressive players in recent years and the firm posted a 10 percent gain. In new launches, the investment management division of State Street Corporation, State Street Global Advisors (SSGA) has launched the State Street ESG Liquid Reserves Fund,...................... To view our full article Click here |
Alternative Market Briefing Weekly
Sunday, July 07, 2019
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