Monthly Archives: April 2011
Mutual funds pull from hedge-fund playbook
USA Today – Given our chaotic times, you may be wondering how to protect your investments against some sudden, unforeseen event: a stock market meltdown, a crisis in the banking system or an invasion of Venusian brain garglers. In finance, […]
AXA targets Newcits with fund of funds launch
CityWire – AXA Investment Managers (AXA IM) has become the latest firm to launch a fund of Newcits funds. The launch of the new AXA World Fund Multi Alpha fund comes just days after Aberdeen revealed it is also about to enter […]
Survey says Ucits Fund Assets tripled to $90b
Cayman News Services – Ucits funds tripled assets to $90.5 billion last year as managers attracted clients seeking to put money into the more regulated and easier-to-trade alternatives to hedge funds. Firms started 129 funds last year that comply with […]
Hedge Funds Chase Japan Opportunities After Enduring Quake, Nuclear Crisis
Bloomberg – Hedge funds investing in Japan are scouting for opportunities after weathering the country’s worst earthquake and resulting nuclear crisis as the Bank of Japan pumped record funds into the financial system. R-SQUARED Master Fund, which benefited from investments in […]
Hedge funds in black in March, but trail S&P for year
Reuters – Hedge fund managers eked out tiny gains in March and are up for the year, according to data released on Thursday but the asset class again lagged the broader stock market. The average hedge fund inched up 0.31 […]
Hennessee: Hedge Funds Up +0.30% In Challenging Month Of March
New York (HedgeCo.net) – The Hennessee Hedge Fund Index advanced +0.30% in March (+2.50% YTD), while the S&P 500 declined -0.10% (+5.43% YTD). “March was challenging as markets initially sold off sharply on escalating conflicts in the Middle East and […]
Robertson-seeded Nezu Kuma Japan fund up 10 pct in March
Reuters – Nezu Kuma, a Japan-focused hedge fund seeded by industry pioneer Julian Robertson, recorded a net 10 percent return in March, helping it erase losses in the first two months of 2011 and end the first quarter up 6.2 […]
Kentucky Uni endowment doubles hedge fund target
HFM Week – The $920m University of Kentucky Endowment Fund has doubled its target allocation to hedge funds, HFMWeek has learned. The endowment fund, which has been investing in hedge funds since 2009, increased its target allocation from 10% to […]
Many Hedge Funds Still Smarting From the Financial Crisis
Deal Book – Last year, Kenneth C. Griffin, the founder of the hedge fund giant the Citadel Group, celebrated his second year of double-digit gains. But despite strong performance, Mr. Griffin has not climbed back from the losses endured during […]
Hedge funds gain in March as markets brush off quake
CTpost – Hedge funds climbed 0.4 percent in March to the highest level in more than two years as financial markets brushed off Japan’s strongest earthquake on record and some managers bought stocks after the initial selloff. The Bloomberg aggregate hedge-fund […]
RAB Capital hedge fund swamped by customers demanding their money back
Guardian – One of the UK’s most high-profile hedge funds – which included steel tycoon Lakshmi Mittal among its investors – has been overcome by clients demanding their money back, three years after damaging losses forced it to halt withdrawals from its […]