Investing in Hedge Funds

The Hennessee Hedge Fund Index advanced 1.72% in February (+4.07% YTD), while the S&P 500 advanced 4.06% (+8.60% YTD), the Dow Jones Industrial Average increased 2.53% (+6.02% YTD), and the NASDAQ Composite Index climbed 5.44% (+13.89%).  »

Hedge funds redeemed an estimated USD15.2 billion (0.9% of assets) in January 2012 – the highest outflow since July 2009 – while underperforming the S&P 500 by 110 basis points for the month, according to research by BarclayHedge and TrimTabs Investment Research. »

Deutsche Bank has published its tenth annual Alternative Investment Survey, which was conducted in December 2011 by the Bank’s Global Prime Finance business. »

Gargoyle Asset Management has listed the Gargoyle Hedged Value (Master) Fund as a transparent fund on AlphaMetrix Global Marketplace (AGM). »

Pyxis Capital has launched the Pyxis Alternative Income Fund (ticker: HHFAX). Anchor Capital Management Group, Inc (Anchor Capital) will serve as the fund's sub-advisor. »

The Lyxor Hedge Fund Index was down 0.36% in December. Year-to-date performance as of December 2011 is down 6.59%. »

The Lyxor Hedge Fund Index was down 0.44% in November. Year-to-date performance as of November 2011 is -6.26%. »

Emerging managers expect their hedge funds to achieve gains of 10% or more in 2012, according to the GAIM USA Survey of Emerging Hedge Fund Managers. The survey of 90 emerging managers (defined as having USD250 million or less in assets under management) found that 61% of the managers expect their portfolios to earn more than 10%, net of fees, while 31% of them expect to earn 15% or more. »

BlackRock has made its family of money market funds available to Euroclear Bank’s clients, enabling them to re-invest cash received as collateral in triparty transactions managed by Euroclear Bank. Re-investing cash collateral is a frequent challenge in this type of transaction. »

Kodak Retirement Income Plan (KRIP) is the seed investor for AlphaEngine Global Investment’s SMART Alpha investment program, an absolute return strategy that focuses on generating strong absolute returns, especially during periods when equity beta and typical absolute return strategies struggle to perform (eg, 2008 and 2011) and when typical corporate pension liabilities rise. »