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The HFRI Fund Weighted Composite Index declined by 0.71 per cent in January after posting a gain of 20 per cent in 2009.
Performance was mixed across main hedge fund strategies with gains in relative value arbitrage and event driven partially offsetting losses in equity hedge and macro strategies.
The HFRI Equity Hedge Index fell 0.85 per cent. Losses in equity hedge were concentrated in funds focusing on emerging markets, energy/basic materials and technology sectors. Both equity market neutral and short-bias funds posted gains.
The HFRI Event Driven Index rose by 0.85 per cent. Gains in event driven were
Dutch hedge funds gained an average of 11 per cent in 2009, as measured by the Finles/IEX Dutch hedge fund index.
The best performing funds in 2009 were HIQ Invest Market Neutral Fund (43.1 per cent), Antarus Europe Fund (39.9 per cent) and IdB Real Estate Fund (37 per cent).
The best performing funds in December were Antaurus Europe Fund, Fonds Bloemendaal and Aster-X Panorama.
The VOC Commodity Alpha Fund, managed by Christiaen van Lanschot, has been an index constituent since 1 February. The fund uses a market neutral systematic commodity long short strategy.
The Finles/IEX Dutch hedge fund index
Ziegler has appointed Tom Paprocki as chief executive officer following the retirement of John Mulherin.
Paprocki (pictured), a member of Ziegler’s board of directors, has served in a senior executive role of the firm for a decade, the past five years as president.
He has had responsibility for the firm’s investment banking, capital markets, and wealth management business lines.
Paprocki says: "I am honoured to lead Ziegler as we greet a new decade; John leaves an important legacy – turning around a great firm serving great clients."
Geoffrey B. Shields, Ziegler’s board chairman, says: "John Mulherin has been instrumental in
The threat of increased regulation in the US financial services sector kept widening pressure firmly on US corporate credit default swap markets throughout the end of January, according to a report by GFI Group.
While initial moves at the start of the year were tighter, more challenging political rhetoric, combined with greater concerns that the People’s Bank of China might start to tighten monetary policy sooner than had been anticipated, encouraged more creditors to buy protection.
GFI says this is perhaps understandable following the solid credit rally through the latter half of 2009. Banks and brokers saw the most significant
A leading natural gas group has announced that it is to grow its production volumes at the maximum of its existing target range, which could interest hedge fund managers investing in this sector.
Rogge Capital Management has appointed Henrik Strabo as a portfolio manager and director of global emerging markets.
Founded in 2000, Rogge Capital is an equity hedge fund manager based in Austin, Texas, with over USD200m in assets under management.
Strabo brings nearly two decades of investment experience as an analyst, portfolio manager, and chief investment officer. Most recently, he was the chief investment officer at Clay Finlay, the global equity boutique, from 2006 to 2009.
From 1993 to 2005, he held a number of positions at American Century Investments including chief investment officer, international equities, overseeing a broad range of
Fitch Ratings says the hedge fund industry performed well in quarter four 2009 and experienced a return of net new money inflows.
The broad HFRI composite index was up 2.7 per cent in the quarter and 20 per cent over 2009.
Overall, 2009 saw the best hedge fund performance for a decade, according to Fitch’s "Fund of Hedge Funds Quarterly – Q1 2010" newsletter.
The hedge fund industry is experiencing fundamental changes to its business model and in its relationship with investors.
"The development in 2009 of Ucits-compliant hedge funds, designed as a vehicle to provide both institutional and retail
Hedge funds have been increasingly looking to the UK when investing in real estate, an expert has claimed.
Aksia, a provider of hedge fund research and advisory services, has appointed Bruce Ruehl and Jaeson Dubrovay as partners in the Americas advisory team.
Ruehl is highly regarded in the alternatives industry and has 26 years of financial markets experience.
His last 16 years were focused on hedge fund research, hedge fund portfolios and the management of institutional client relationships.
In 2001, Ruehl founded the boutique fund of hedge fund business, Gleacher Fund Advisors, in a joint venture with Gleacher Partners. As chairman and chief investment officer, he built the business to a peak of USD800m, with a majority of
The recent tightening of China’s economic policy could present a good opportunity for hedge funds, it has been claimed.
