“We’re quite skeptical in general of the hedge fund industry,” said Andrew K. Tsai, Co-Founder and managing principal, Chalkstream Capital Group. Industry data shows that sixty-one percent of all hedge fund money is concentrated in the hands of the top 100 hedge funds, and, said Tsai, “that (level of) concentration makes for some wacky correlations […] Read more »
Hedge funds attract US$50 billion in five months
From the Eurekahedge June Index Flash Report Hedge funds witnessed the seventh consecutive month of positive returns in May amid mixed returns in global markets. The Eurekahedge Hedge Fund Index was up 0.20% during the month, while the MSCI World Index was down 0.45% in May. Key highlights for May 2013: Hedge funds witnessed the […] Read more »
UK Tax Plans Snare Big US Hedge Funds – Graphic of the Day
Last week the “Financial Times ” ran a story that the UK tax authorities (HM Revenue & Customs) were looking to tackle the disguising of employment relationships through limited liability partnership structures and the manipulation of profit and loss allocations to achieve tax advantages. The Table Below Shows 15 of the largest 25 hedge fund […] Read more »
Bridgewater Win Shows It Leads the Way in the Hedge Fund Industry
Bridgewater Associates is an outlier in the hedge fund industry – the size of the organization (1400 people), the assets under management ($150bn in investments), and the returns. The Westport Connecticut firm is known for its distinctive corporate culture so it is not a template or an exemplar for others on the investment side, but […] Read more »
One in Four Hedge Funds Are Hiring in Research
From The 2013 Hedge Fund Compensation Report: “Firm size had little bearing on compensation, with similar earnings reported by employees from the smaller funds as those from firms with $1 billion under management. “Hiring trends remained roughly on par with the previous year, with 24 percent of firms reporting hiring within research departments, 20 percent […] Read more »
CTAs Confound Investors’ Timing of Allocations
By Simon Kerr, Hedge Fund Insight When I received a manager monthly letter today showing four positive months for 2013 it made me wonder is that the manager or the strategy? After such a long time waiting, you will understand my interest, as the manager is a CTA. The particular fund* has delivered a […] Read more »
Normalisation of Correlation and Dispersion Gives Hedge Funds Opportunities
By Jeanne Asseraf-Bitton, Head of Cross Asset Research, Lyxor Asset Management Risk assets are set to generate positive returns for the remainder of 2013 driven by a slowly expanding global economy and ultra accommodative monetary policy. We believe that the familiar pattern from the last three years of 2Q data disappointment and consequent risk […] Read more »
The Sunday Times Hedge Fund Rich List 2013
There are 61 hedge fund managers, worth £75m or more, in the list of Britain’s richest 1,000 people recently published by the Sunday Times. The list of the top 25 is given below. Alan Howard, who heads Brevan Howard, is Britain’s richest hedge fund manager, with a personal fortune of £1.5 billion, according to the […] Read more »
Hedge funds attract US$20 billion in 1Q 2013
From Eurekahedge Hedge funds posted positive returns in March amid mixed returns in global markets. The Eurekahedge Hedge Fund Index was up 0.71% during the month, while the MSCI World Index gained 1.76% in March. Key highlights for March 2013: Early reports indicate positive asset flows to hedge funds in March; 1Q 2013 witnessed positive […] Read more »
Graphic of The Day – Hong Kong Hedge Funds
Tying in with other regulators across the financial world, the Securities and Futures Commission of Hong Kong conducts a survey of hedge funds in its territory every two years. The latest survey, the results of which were recently released, used the end of September 2012 as the data point to ask hedge fund managers about […] Read more »