And, according to Barclay Capital, about 75 percent of respondents surveyed last week in New York predicted a bigger inflow into direct commodity investments next year.
Hedge Fund Information, Hedge Fund Performance, Hedge Fund Lists, Hedge Fund Jobs, Hedge Fund Returns,regulation of Hedge Funds Hedge Fund Performance, and Fund of Funds, and Fund of Hedge Funds
12.13.2010
Hedge Funds Betting on Commodities
And, according to Barclay Capital, about 75 percent of respondents surveyed last week in New York predicted a bigger inflow into direct commodity investments next year.
11.11.2010
Fund of Funds to Trade Publicly
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| London Stock Exchange |
CEO of CQS, Michael Hintze, believes the multi-fund approach is appropriate for investors in the listed funds sector.
Read More
11.10.2010
GS to Withdraw $120 Million from Major Hedge Fund
Because redemption agreements with Harbinger limit quarterly redemptions to 25% it will take 12 months for Goldman to receive its entire investment. It is reported that Goldman had as much as $1 billion invested with Harbinger.
Philip Falcone, who grew up in Minnesota and was a star hockey player in college, helped Harbinger funds return more than 100% in 2007 with timely bets that the U.S. housing market would collapse.
Hedge Funds Have Strong October
Hedge funds had a relatively strong October led by Global Macro and Emerging Market hedge funds. Overall, the hedge fund sector posted returns of 2.35% for the month (a 32% annual rate), according to HFRI Fund Weighted Composite Index. Overall, the index is up just over 7% on the year. By comparison, the S&P 500 was up just over 8% YTD.
Read More
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9.02.2010
Hedge Fund Manager Provides GOP Strategy
Steven Cohen, CEO of SAC Capital Advisors held the GOP event with other hedge fund managers in attendance including Paul Singer of Elliot Management ($16B AUM) and Bruce Kovner from Caxton Associates. Paul Singer is one of the hedge fund industry's largest contributors to the Republican Party. Singer has also been dissaproving over Ben Bernanke and Alan Greenspan.
SAC gave 93% of its 2010 election-cycle donations to Republicans through Aug. 1
8.30.2010
Hedge Funds Scaling Back Risk
With the US economy and the major stock indexes taking a step back, hedge funds are putting their money into more defensive sectors such as utilities and other high dividend stocks.
Some hedge fund manages say that a lot of risk is being taken off the table.
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Some hedge fund manages say that a lot of risk is being taken off the table.
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8.17.2010
Duquesne Capital Management to Shut Down
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| Stanley Druckenmiller of Duquense Capital Management |
Duquesne returned about 11 percent in 2008, when hedge funds on average lost a record 19 percent. It rose about 10 percent in 2009, when the average return was 20 percent.
Druckenmiller is quitting the fund to pursue philanthropic goals.
8.10.2010
Metals Hedge Fund to Close
Apollo Management LP, a New York based hedge fund and private equity firm closed its metals hedge fund in London.
The $40 million into the Apollo Metals Trading Fund started in March 2009, according to a U.S. Securities and Exchange Commission filing. An outside spokeswoman for the firm declined today to say why Apollo shut the fund or to give the number of fund employees.
Commodity hedge funds fell in the first half of 2010 amid sliding commodity prices.
The $40 million into the Apollo Metals Trading Fund started in March 2009, according to a U.S. Securities and Exchange Commission filing. An outside spokeswoman for the firm declined today to say why Apollo shut the fund or to give the number of fund employees.
Commodity hedge funds fell in the first half of 2010 amid sliding commodity prices.
7.24.2010
Hedge Funds Off to Poor Start in 2010
Hedge funds had their fourth worst first half in more than 20 years according to the Hennessee Group. Though hedge funds outperformed the major stock averages in the first half of 2010, .2% vs -7%, it still ranked among the worst first half performances. In 2009, the Hennessee Hedge Fund Index was up over 11% January through June. In 2008, one of the worst years for hedge funds given the broad market declines, hedge funds were down over 2% through June and finished the year down 19.9%.
The best performing hedge fund sectors in 2010 have been the debt categories with Fixed Income up 5.69%, High Yield up 4.42%, and Distressed up 3.87%. This comes amid tightening spreads between high yield debt and government securities.
The worst performing hedge fund strategies in 2010 are, somewhat unsurprisingly, Europe funds down 6.46%, Health Care down 2.85%, and Growth down 1.95%.
The best performing hedge fund sectors in 2010 have been the debt categories with Fixed Income up 5.69%, High Yield up 4.42%, and Distressed up 3.87%. This comes amid tightening spreads between high yield debt and government securities.
The worst performing hedge fund strategies in 2010 are, somewhat unsurprisingly, Europe funds down 6.46%, Health Care down 2.85%, and Growth down 1.95%.
7.21.2010
Alphabet Management Hedge Fund Attracting Top Talent
New York based hedge fund Alphabet Management landed Nelson Saiers, a managing director of derivatives trading with Deutsche Bank. Saiers will lead a group that trades derivatives including volatility options. The departure comes amid Deutsche Bank's decision to close down its proprietary trading operations.
7.19.2010
Even Successful Hedge Funds Face Withdrawals
Even the most successful hedge funds can face withdrawals. This was illustrated in June as giant hedge fund Paulson & Co. lost more than $2 billion in assets under management. Although, about the thirds of that amount can be accounted for by market losses, Paulson & Co. likely paid out about $600 million in investor withdrawal requests. In June, Paulson & Co.'s financial services Recovery Fund, lost more than 12%. Paulson's best performing fund was its gold fund, up more than 7% in June.
On the other hand, hedge funds actually did quite well in May in terms of investor flows, taking in more than $4 billion in new assets, even while the industry lost $30 billion in trading the same month.
Source: Market Watch
On the other hand, hedge funds actually did quite well in May in terms of investor flows, taking in more than $4 billion in new assets, even while the industry lost $30 billion in trading the same month.
Source: Market Watch
7.18.2010
Hedge Funds No Longer Bullish on Oil
Hedge funds are no longer bullish on oil. In July, hedge funds have been taking bullish oil bets off the table. Net-long positions on the NY Mercantile Exchange fell to 15 month lows in the first week of July. This as oil prices rose more than 5% to over $76 / barrel. Additionally, oil contract volatility has been rising of late.
7.14.2010
With Financial Bill Looming, What is Impact for Hedge Funds?
The largest financial reform bill in more than 70 years is expected to pass this week and many are asking what impact the bill will have on hedge funds. The impact of the Dodd-Frank bill—named on the hedge fund industry, remains an open question. The legislation is more than 2300 pages, and even a thorough reading won't reveal the ultimate impact of such a bill on hedge funds.
As the current bill reads, hedge funds would face some greater oversight. Hedge funds with more than $150 million in AUM would have to register with the SEC, though more than half of hedge funds are already registered.
One also has to wonder how the SEC, which so miserably failed to oversee the hedge funds and financial institutions it already regulates, will be able to provide competent oversight of even more firms. If the SEC couldn't devote the resources to police banks with trillions in assets, how can we expect them to competently oversee $200 million hedge funds?
The new bill would also introduce a water-down Volker rule which will permit bank holding companies to invest up to 3% of their assets in hedge funds and other alternative investments.
6.30.2010
Hedge Funds Hiring...Former Regulators
The good news is that hedge funds are finally hiring again. The iffy news, depending on your perspective, is that they are hiring a number of former SEC officials. And they aren't hiring mid-level guys for their risk management experience. Hedge funds are hiring top-level former regulators, possibly revealing their concerns about greater hedge fund regulation, oversight, and taxation. Surely hedge fund manager John Paulson's recent decision to hire Harvey Pitt, a former SEC Chairman, as an outside director was intended to get him some lobbying clout. Earlier in 2010, hedge fund Millennium Management hired two former SEC Commissioners.
The recent hires of high-profile former regulators raises a host of questions. Is Capitol Hill prepared to take on the financial industry or are they waiting for that chance at a cushy job crusading for multi-billion dollar funds? Are hedge funds hiring these experienced regulators for their ability to guide the firm as new regulations are enacted or are they being hired for their ability to influence the outcome of regulations themselves? Should the SEC, as suggested by Senator Ted Kaufman (D-Delaware), ban senior officials from taking jobs at companies they recently oversaw?
The recent hires of high-profile former regulators raises a host of questions. Is Capitol Hill prepared to take on the financial industry or are they waiting for that chance at a cushy job crusading for multi-billion dollar funds? Are hedge funds hiring these experienced regulators for their ability to guide the firm as new regulations are enacted or are they being hired for their ability to influence the outcome of regulations themselves? Should the SEC, as suggested by Senator Ted Kaufman (D-Delaware), ban senior officials from taking jobs at companies they recently oversaw?
6.21.2010
25 Largest Fund of Hedge Funds 2010
Below is a list of the world's larges fund of hedge funds (fund of funds) as of June 2010 including assets under management and website:
| Fund of Fund | Location | AUM | Website |
| 1. UBS Alternative Investments | Zurich, Switzerland | 27.6 | www.ubs.com |
| 2. Credit Suisse Funds | Zurich, Switzerland | 26.4 | www.credit-suisse.com |
| 3. GAM | Dublin, Ireland | 23.2 | www.gam.com |
| 4. Blackstone Group | New York, NY | 22.4 | www.blackstone.com |
| 5. Man Investments | London, UK | 22.1 | www.mangroupplc.com |
| 6. BlackRock | New York, NY | 21 | www.blackrock.com |
| 7. Grosvenor Capital Management | Chicago, IL | 20.4 | www.grosvenorcapitalmanagement.com |
| 8. Permal Asset Management | New York, NY | 20.2 | www.permal.com |
| 9. HSBC Alternative Inverstments | London, UK | 19.2 | www.hsbc.com |
| 10. Goldman Sachs Hedge Fund Strategies | New York, NY | 19.1 | www.goldmansachs.com |
| 11. Lyxor Asset Management | Paris, France | 17.4 | www.lyxor.com |
| 12. Morgan Stanley Alternative Investment Partners | New York, NY | 17.2 | www.morganstanley.com |
| 13. Bank of New York Mellon | New York, NY | 16.2 | www.bnymellon.com |
| 14. Pacific Alternative Asset Management | Irvine, CA | 15.7 | www.paamco.com |
| 15. Arden Asset Management | New York, NY | 10.4 | www.ardenasset.com |
| 16. Mesirow Advanced Strategies | Chicago, IL | 10.1 | www.mesirowfinancial.com |
| 17. Union Bancaire Privee | Geneva, Switzerland | 9.6 | www.ubpbank.com |
| 18. Silver Creek Asset Management | Seattle, WA | 9.1 | www.silvercreekcapital.com |
| 19. FRM Americas | London, UK | 8.5 | www.frmhedge.com |
| 20. Aurora Investment Management | Chicago, IL | 8.5 | www.aurorallc.com |
| 21. Lighthouse Partners | Palm Beach, FL | 8.2 | www.lighthousepartners.com |
| 22. Gottex Fund Management | Lausanne, Switzerland | 8.1 | www.gottexfunds.com |
| 23. EIM Group | Geneva, Switzerland | 7.8 | www.eimgroup.com |
| 24. JPMorgan Asset Management | New York, NY | 7.5 | www.jpmorgan.com |
| 25. Cadogan Management | New York, NY | 7.4 | www.cadoganmanagement.com |
Source: HedgeLists,com, Institutional Investor
6.15.2010
2010 Hedge Fund Launches
Below is a list of new global hedge fund launches for 2010. So far in 2010 there have been more than 40 hedge fund launches.
2010 Hedge Fund Launches
We will update the above list of new hedge funds throughout the year so check back often or bookmark this page.
2010 Hedge Fund Launches
| Fund Name | Launch Date | |
| 3 Degrees Credit Opportunity Fund | January-10 | More Info |
| AN Commodity Fund | January-10 | More Info |
| Caerus Emerging Markets Opportunity Fund | January-10 | More Info |
| Cirrus Capital Management LLC | January-10 | More Info |
| Crystal Capital Fund Series LLC | January-10 | More Info |
| Diversified Synamic Solution (DDS) | January-10 | More Info |
| MAG MA2 Fund | January-10 | More Info |
| Permian Fund | January-10 | More Info |
| Select Forex Fund | January-10 | More Info |
| Stella Capital Real Estate Opportunity Fund | January-10 | More Info |
| Taurus Global Resources Hedge Fund | February-10 | More Info |
| Blackheath Futures Fund | March-10 | More Info |
| Darewind Commodities Strategy | March-10 | More Info |
| Goldvest Bullion Fund | March-10 | More Info |
| IFFX Foreign Exchange Program | March-10 | More Info |
| PENTAXON II Dynamic Protection Fund | March-10 | More Info |
| Salus Alpha Commodity Arbitrage | March-10 | More Info |
| AlphaSquare Sub Fund | April-10 | More Info |
| Brevan Howard Commodities Strategies Master Fund | April-10 | More Info |
| CAM Credit Opportunities Fund | April-10 | More Info |
| Dalton High Yield Mortgage Fund | April-10 | More Info |
| IC Income and Growth Fund | April-10 | More Info |
| JBCM Fund Limited | April-10 | More Info |
| Maritime Capital Partners Fund | April-10 | More Info |
| MutualHedge Frontier Legends Fund | April-10 | More Info |
| OM Global Investment Fund | April-10 | More Info |
| Transcendent Capital Management Trading Program 2010 | April-10 | More Info |
| Carrelton New Horizon Fund | May-10 | More Info |
| DB Platinum IV QCM GDP Index Fund | May-10 | More Info |
| ISAM Systematic | May-10 | More Info |
| Martello Equity Index Program | May-10 | More Info |
| Mondis Growth Fund | May-10 | More Info |
| StoneWater Capital Opportunities Fund | May-10 | More Info |
| Sunridge Short Opportunities Fund | May-10 | More Info |
| Tiburon Opportunity Fund | May-10 | More Info |
| World Invest Absolute Financials Fund | May-10 | More Info |
| Economic Time Bond Fund | June-10 | More Info |
| IPM Commodity Fund | June-10 | More Info |
| IPOfn New Issues Fund | June-10 | More Info |
| Prestige Multistrategy Fund | June-10 | More Info |
| UCM Union Delta Fund | June-10 | More Info |
| Vonda UCITS Fund | June-10 | More Info |
We will update the above list of new hedge funds throughout the year so check back often or bookmark this page.
Compromise on EU Hedge Fund Regulations
Despite overwhelming support for increased regulation of hedge funds in the EU, government entities have been unable to finalize a new set of rules. This week it appears, the EU Commission is tabling a possible compromise for hedge fund operating in the EU. Included in this plan are rules that would prevent foreign hedge funds from benefiting from SU passport provisions which allow the entire trading bloc to be treated as a single entity.
The Wall Street Journal is reporting today that the recent compromise proposes national governments maintain hedge fund rules for up to three years. After that three year period elapses, a sytem-wide set of rules for EU hedge funds will take precedence.
The Wall Street Journal is reporting today that the recent compromise proposes national governments maintain hedge fund rules for up to three years. After that three year period elapses, a sytem-wide set of rules for EU hedge funds will take precedence.
6.14.2010
Senate Attacks Hedge Fund Tax Loopholes
This week, the US Senate considers a job and small business bill this week that may be funded by closing a tax loophole that allows hedge fund and private equity managers to pay capital gains rates on performance fees instead of ordinary income tax. By some estimats, closing this loophole could double the tax revenue generated by these hedge fund managers.
But of course, there are conflicting points of view. Len Burman, a professor at Syracuse University, describes the current taxation scheme as "a huge windfall to some of the best-off people in society." Meanwhile, those target by the bill claim they are being unfairly attacked. Because almsot a quarter of all investment partnerships involve real estate, these managerse could be hardest hit says, Jeffrey DeBoer of the Real Estate Roundtable. He adds, "What we're trying to do is make people understand this is very much a Main Street tax increase, not a Wall Street tax increase."
The bill, which likely has significant constituent support, will be voted on by the Senate this week.
But of course, there are conflicting points of view. Len Burman, a professor at Syracuse University, describes the current taxation scheme as "a huge windfall to some of the best-off people in society." Meanwhile, those target by the bill claim they are being unfairly attacked. Because almsot a quarter of all investment partnerships involve real estate, these managerse could be hardest hit says, Jeffrey DeBoer of the Real Estate Roundtable. He adds, "What we're trying to do is make people understand this is very much a Main Street tax increase, not a Wall Street tax increase."
The bill, which likely has significant constituent support, will be voted on by the Senate this week.
25 Largest Hedge Fund Managers (2010)
The 25 Biggest Hedge Funds 2010Below is a list of the largest hedge funds managers in the world as of Q1 2010 including website and AUM:
NOTE: Please see the updated Top 250 Global Hedge Funds 2017
| Hedge Fund | Location | AUM | Website |
| 1. JP Morgan Asset Management | New York, NY | $53.5B | www.jpmorgan.com |
| 2. Bridgewater Associates | Westport, CT | $43.6B | www.bwater.com |
| 3. Paulson & Co. | New York, NY | $32B | |
| 4. Brevan Howard Asset Management | London, UK | $27.0B | www.brevanhoward.com |
| 5. Soros Fund Management | New York, NY | $27.0B | |
| 6. Man Group | London, UK | $25.3B | www.mangroupplc.com |
| 7. Och-Ziff Capital Management | New York, NY | $23.1B | www.ozcap.com |
| 8. D.E. Shaw Group | New York, NY | $23.0B | www.deshaw.com |
| 9. BlackRock | New York, NY | $21.0B | www.blackrock.com |
| 10. Farallon Capital Management | San Francisco, CA | $20.7B | www.faralloncapital.com |
| 11. Baupost Group | Boston, MA | $20.0B | www.baupost.com |
| 12. King Street Capital | New York, NY | $19.0B | |
| 13. Goldman Sachs Asset Management | New York, NY | $17.8B | www.goldmansachs.com |
| 14. Canyon Partners | Los Angeles, CA | $17.6B | www.canyonpartners.com |
| 15. BlueCrest Capital Management | London, UK | $17.3B | www.bluecrestcapital.com |
| 16. Elliot Management | New York, NY | $16.2B | www.elliottmgmt.com |
| 17. Landsowne Partners | London, UK | $15.0B | www.lansdownepartners.com |
| 18. Renaissance Technologies | East Setauket, NY | $15.2B | www.rentec.com |
| 19. Fortress Investment | New York, NY | $13.8B | www.fortressinv.com |
| 20. Eton Park Capital Management | New York, NY | $13.0B | |
| 21. Viking Global Investors | Greenwich, CT | $12.4B | |
| 22. Moore Capital Management | New York, NY | $12.4B | |
| 23. SAC Capital Partners | Stamford, Ct | $12.0B | www.sac.com |
| 24. GLG Partners | London, UK | $11.5B | www.glgpartners.com |
| 25. York Capital Management | New York, NY | $11.1B | www.yorkcapital.com |
Source: HedgeLists.com, Pensions and Investments
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