Latest News
Hedge funds investing in the emerging markets of Russia, Latin America, emerging Asia and the Middle East have produced the strongest year-to-date gains across the hedge fund industry, according to the latest data from Hedge Fund Research.
The HFRI Emerging Markets (Total) Index has gained 9.3 per cent through October, outpacing the 6.8 per cent gain of the broad-based HFRI Fund Weighted Composite Index.
Despite the gains, investors remained cautious on new allocations to emerging markets hedge funds, allocating only USD10m of net new capital to emerging markets funds in 3Q10.
In comparison, investors allocated over USD19bn of new capital
Geneva-based Palaedino Asset Management, the fund manager arm of the Palaedino Group and Alix Capital (a Palaedino Group offshoot) who calculate and manage the UCITS Alternative
The Credit Suisse Liquid Alternative Beta Index finished down 1.29 per cent in November as managers struggled to find profitable positions amid falling equity markets.
The Long/Short Liquid Index fell 1.14 per cent, the Global Macro Liquid Index fell 1.35 per cent, the Event Driven Liquid Index dropped 1.31 per cent and the Merger Arbitrage Liquid Index was down 2.42 per cent.
Despite the negative monthly performance, four out of the five liquid indices remain in positive territory for the year, with the Event Driven Liquid Index leading returns at 9.79 per cent year-to-date.
The Global Macro Liquid Index is down 1.19 per cent year-to-date.
Former head of securitized products at Deutsche Bank AG, Gregory Park, is to launch a hedge fund in Hong Kong to tap into the region’s burgeoning consumer-driven demand.