Wed, Sep 23, 2020
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing Weekly

Opalesque Roundup: Some big name hedge funds shine with substantial gains for the year: hedge fund news, week 32

Saturday, August 08, 2020

In the week ending August 7th 2020, Bill Ackman's Pershing Square Holdings reported that its portfolio made money in July, boosting his monthly performance to 4.6 percent. Pershing Square Holdings is now up 34.8 percent for the year, according to a document released to investors in the UK and Amsterdam-listed publicly traded hedge fund.

Dan Loeb's Third Point Offshore also posted a solid gain in July, cutting its loss for the year in half. The multistrategy fund gained 3.8 percent gain last month; The Haidar Jupiter Fund has restored its status as one of the top-performing hedge funds this year after posting explosive results in July. The volatile macro fund surged 16.30 percent last month and is now up nearly 62 percent for the year; Adam Sender's volatility hedge fund has also climbed 30% this year, and Alex Sacerdote's Whale Rock Capital Management, Chase Coleman's Tiger Global Management and Philippe Laffont's Coatue Management surged in July.

Hedge funds with artificial intelligence capabilities showed a huge competitive edge over investors that didn't use AI, new research indicates. AI-led hedge funds produced cumulative returns of 34 percent in the three years through May, a report Tuesday from consulting and research firm Cerulli shows.

However, Renaissance Technologies, one of the industry's best performing hedge fund firms, is down 13.4% this year in its biggest fund open to the public despite the surging U.S. stock market.

Further in performance news David Einhorn's Greenlight Capital hedge funds rebounded 4.1% in July, helped by a rally in homebuilder Green Brick Partners Inc. Even so, it is still down 17.5 percent for the year; Billionaire-run shops like Glenview Capital and Winton Group, credit-focused funds like Sculptor's Credit Opportunities fund and Angelo Gordon's Mortgage Value strategy are all down double-digits this year.

In new launches, Prime Capital AG, the indepe......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Apollo jumps into impact investing with a new team[more]

    Laxman Pai, Opalesque Asia: Apollo Global Management is venturing into the world of impact investing, following some of its biggest peers in targeting funds dedicated to sustainability. The New York-based global alternative investment manager announced the leadership team for the new platform

  2. Women in Hedge Funds - The surprising profile of the perfect hedge fund manager, Profiling female hedge fund performance and noting differences, Miranda Ademaj - Risk warrior[more]

    The surprising profile of the perfect hedge fund manager From What does a talented hedge fund manager look like? Is it a 28 year-old man with a bank of computer screens and a thing for protein shakes? Is it a 59 year-old man who became attached to a pet pig? Is it

  3. Investing: Tech stocks aren't in a bubble, but investors should be pickier, Credit Suisse says, Pandora tops world's best-performing market as hedge funds exit, What Bill Ackman is investing in now[more]

    Tech stocks aren't in a bubble, but investors should be pickier, Credit Suisse says From Business Insider: Credit Suisse on Thursday trimmed its overweight rating for tech stocks, recommending investors be more selective with their sector picks. Crowding in tech giants and the stocks&#

  4. Investing: Third Point buys stakes in Facebook, Alibaba in Q2, exits Sony, Allergan, Here's what investors with $3.4tn are buying during covid, An energy trader seeks profit from batteries in European markets, Hedge fund ARCM to sell $200m of Premier Oil debt[more]

    Third Point buys stakes in Facebook, Alibaba in Q2, exits Sony, Allergan Third Point LLC acquired new stakes in Facebook Inc. and Chinese e-commerce companies Alibaba Group Holding Ltd. and Inc. during the second quarter of 2020 as it divested positions in Sony Corp. and drugmaker

  5. PE/VC: Investors have bet big that you can get private equity returns in the public markets. A new study says otherwise, Aberdeen's Bonaccord teams up with CAZ to buy stakes in private markets managers, The role of private equity in economic recovery from Covid-19[more]

    Investors have bet big that you can get private equity returns in the public markets. A new study says otherwise From Institutional Investor: New research suggests private-equity-owned firms respond differently to financial distress - and that the resulting performance "cannot be replicat