Monthly Archives: January 2018
Barclay CTA Index Up 0.54% in December (+0.69 2017)
(Opalesque) The flash estimate for the Barclay CTA Index, compiled by BarclayHedge, indicates a 0.54% gain in December. The CTA Index ended 2017 with a 0.69% gain. “December’s 1.11% rise in the S&P 500 Index extended its unprecedented winning streak […]
Citadel’s Main Funds Post 13% Returns for 2017
(Chicago Business) Ken Griffin’s Citadel posted 13% returns at its flagship funds, besting peers though falling short of the S & P 500.Citadel, the biggest hedge fund company in Chicago, delivered returns of about 13 percent to investors in its […]
Robert Jackson and Hester Peirce Sworn In as SEC Commissioners
(HedgeCo.Net) Robert J. Jackson Jr. and Hester M. Peirce were sworn into office Thursday as SEC Commissioners by Chairman Jay Clayton. Mr. Jackson and Ms. Peirce were nominated to the SEC by President Donald Trump, and their nominations were confirmed […]
Cohen Loses Another Top Trader Before Hedge Fund Launches
(Bloomberg) Steve Cohen’s new hedge fund is hitting a little turbulence. One of Point72 Asset Management’s senior staff — Jeff Miller, co-head of U.S. trading — has left the firm, according to people familiar with the matter who asked not […]
US CLOs May See Record Year as Investors Seek interest-Rate Hedge
(Reuters) The US Collateralized Loan Obligation (CLO) market may be heading for a record year in 2018 as investors seek floating-rate assets as a hedge to rising interest rates. More than US$117bn of US CLOs was raised in 2017, the […]
EM Strategies Top Hedge Fund Performance Tables in 2017
(Investment Week) Emerging markets strategies posted the strongest hedge fund returns in 2017, driven by the performance of India- and China-focused funds, data from eVestment shows. Emerging markets funds posted average returns of 19.7% for the year, compared to 8.8% […]
India and China-Focused Hedge Funds Top Performers in 2017
(Hedgeweek) Hedge funds focused on India and China were the strongest overall performers in the hedge fund industry in 2017, according to eVestment’s December 2017 Hedge Fund Performance Report. Overall the global hedge fund industry experienced a strong year, returning […]
Puerto Rico Creditor Aurelius Asks U.S. Judge to Throw Out Bankruptcy
(Reuters) Aurelius Capital Management, a major Puerto Rico bondholder, asked a federal judge on Wednesday to throw out the U.S. territory’s historic bankruptcy, challenging the constitutionality of the board overseeing the island’s finances. To read this article:
Barclay Hedge Fund Index Gains 1.21 Per Cent in December
(Hedgeweek) Hedge funds gained 1.21 per cent in December according to the Barclay Hedge Fund Index compiled by BarclayHedge. The index was up 10.44 per cent at the end of 2017. “Tax reform in the US helped to propel the […]
Human-Run Hedge Funds Emerge as 2017 Victor Against Machines
(Reuters) Alibaba, Tencent and AAC Technologies helped Hong Kong-based Oceanwide Asset Management make gains of 43 percent last year in its China equities hedge fund. Selective stock-picking by Oceanwide’s team led to the long-short strategy becoming the top-performing fund in […]
Andurand Fund Is Said to Eke Out 2017 Gain Amid Late Oil Rally
(Bloomberg) Pierre Andurand, one of the most bullish oil hedge fund managers, gained 2.2 percent last year after a strong December performance allowed his eponymous fund to recover from months of losses, according to people familiar with the matter. The […]
Ackman’s Pershing Square Fund to Slash Management Fee
(New York Post) Hedgie Bill Ackman on Wednesday ripped a page from a discount retailer’s playbook — he put his product on sale. Ackman’s Pershing Square fund — after posting losses in each of the past three years — said […]