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HEDGE FUND INDUSTRY GLOBAL NEWS ROUND-UP • RESEARCH • ABSOLUTE UCITS • DATA
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November 2 & 3, 2010, The New York Athletic Club, New York
The AR Symposium is a major hedge fund event which attracts the industry’s elite from
around the globe. Offering incisive and topical content, the Symposium will address the
overall outlook for the hedge fund industry and the financial markets, as well as the
challenges and risks across a range of specific strategies.
• Reputation for being the leading event in the U.S. with unrivaled speakers
• Informed debate with the most senior level hedge fund managers and investors
250
Convertible and Equity Arbitrage Convertible funds were up 1.09%
200 bringing the year to date to 6.56%. Funds that performed well found the
surge in the equity markets led to outrights being better buyers, while
150 investors anticipated new issuance. Year-to-date performance is down
compared to the same time last year, when funds were up 41%, according
100 to the Absolute Return Convertible & Equity Arbitrage Index; managers
thus remain cautious on convertibles, but are adding opportunistically.
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S&P 500
Commodities/CTAs Commodity-based funds and CTAs returned
MSCI World 2.82% and 2.21% for the month respectively. Following the Japanese
Absolute Return Composite Index Government’s intervention in the yen, many portfolios saw a reduction
in their long yen exposure to the US dollar to combat the increase in
Absolute Return Global Equity
currency volatility. In the commodities market, gains were made from
Absolute Return U.S. Equity long positions in gold and silver as the continued weakness of the US
dollar led investors to seek a safe haven in the precious metals market.
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90
Australian Long/Short Equity Sentiment towards equity markets
60 improved, as better US housing and manufacturing data and stabilising
signs in China contributed to a positive outlook. Domestically, the
30 federal election was finalised and economic data remained strong. The
Australian All Ordinaries was up 4.46% in September and Australian
0 equity funds were closely in line with the market (up 4.21%).
Outperforming sectors included materials and industrials, but
-30 defensive sectors including REITS and healthcare underperformed.
-60
Japanese Long/Short Equity September followed a similar trend to
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-20 Mandates
Funds of funds and single-manager hedge-fund mandates seem to be
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on par with one another this month as the size of individual FoHF
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Absolute
UCITS
Everything you need to know
about UCITS hedge funds
A one-stop shop for news, data and analysis, this online service will offer:
-50
Industry news
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• Assets under management for UCITS that use hedge fund strategies
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have almost reached the $50 billion milestone. There are a total of 296
EuroHedge UCITS European Equity Index (Median)
EuroHedge European Equity EUR Index (Median) funds that have $49.2 billion AUM, according the latest research by the
HedgeFund Intelligence Global Index – UCITS HedgeFund Intelligence data team. They consist of 254 single-manager
HedgeFund Intelligence Global Index - Composite
hedge funds with combined assets of $46.1 billion, plus 42 funds of
MSCI Europe - Net
funds with $3.1 billion assets.
faster Bigger
With over 13,000 funds listed in the database, HedgeFund Intelligence provides
the most complete source of hedge funds, and funds of funds than any data
provider*. With three specialist regional products (Asia-Pacific, Europe and the
Americas) a global fund of hedge funds and a new UCITS Absolute Return
database, the HedgeFund Intelligence database will meet your needs.
clearer
Faster
Updated weekly with (practically) all data available within four weeks of month
end, the extensive research and editorial team ensure rapid inclusion of new
funds and updates on key data points.
Clearer
The database provides dedicated, clear and detailed information on hedge funds,
trusted
UCITS Absolute Return funds and funds of funds (without unnecessary multiple share
classes). Links to news and analysis provide additional information on funds and over
70 non-investable indices are available to benchmark performance.
Trusted
With an experienced and dedicated specialist team gathering and verifying the data
to ensure accuracy, this database is used by many of the industry’s leading firms.
simple
Simple
A user-friendly interface allows effortless sorting by multiple criteria including
fund name, management company, performance, strategy, asset size and date of
inception. Compatible with Pertrac and fully downloadable into Microsoft Excel,
Access and other various third-party platforms.
*Comparative information taken from public sources.
To find out how we can tailor this powerful research tool to fit your requirements or
for a demonstration, please email sales@hedgefundintelligence.com or contact:
James Barfield +44 20 7779 7336 / jbarfield@hedgefundintelligence.com
Ian Sanderson +44 20 7779 7339 / isanderson@hedgefundintelligence.com
Absolute
UCITS
DISTRIBUTION OF PERFORMANCE
%
Hedge funds had one of their strongest months during Positive Negative
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September posting an estimated gain of 2.20% for the
month, the strongest gain since May 2009. While 83% 80
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GlobalBriefing: Data
If you have a fund which you wish to be included please contact the following:
Europe Americas Asia-Pacific Fund of Hedge Funds UCITS
Samantha Munday Amal Robleh Wing-Yung Lok Meera Mehta Amy Kirbyshire
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For more information on the database and subscriptions please contact Ian Sanderson on + 44 (0) 207 779 7339 or James Barfield on + 44 (0) 207 779 7336
AR Symposium workshops to Lombard Odier taps Bataillon Hong Kong’s DragonBack Plan sponsors monitor
feature Utah pension exec to run l/s European equity morphs into fund platform funding status, Mercer says
The full schedule for workshop Lombard Odier Investment Hong Kong-based DragonBack Current markets present
sessions at the forthcoming AR Managers, the institutional Capital is transitioning to a challenges to trustees, but
Symposium, to be held at the New asset management arm of the platform provider for hedge it seems most are focused
York Athletic Club on November 200-year-old Swiss private bank fund managers in Asia and on funding issues and
2-3, has now been finalized — Lombard Odier Darier Hentsch overseas following the recent ‘de-risking’ of their portfolio,
adding a range of important & Cie, has made a significant closure of its two strategies according to a recent survey
topics and speakers from many addition to its hedge fund and the departure of its released by Mercer.
more major firms to the program. operation with the hire of investment team, led by
experienced long/short equity co-founder Matthew Barnett. ABN Amro teams up with
Everest Capital partners with manager Marc Bataillon and his Lyxor for hedge funds
RiceHadley Group team from Selectium Europe. LaCrosse buys BoAML’s global ABN Amro Private Banking
Everest Capital, a $2 billion global fund admin business and Lyxor Asset Management
macro hedge fund in Miami, has GLG starts UCITS version of LaCrosse Global Fund Services have entered into a partner-
formed a strategic partnership Atlas Macro fund has finalised its acquisition of ship for hedge fund solutions,
with the RiceHadley Group, the GLG Partners is launching a Bank of America Merrill enabling ABN Amro’s private
consulting firm founded by UCITS-compliant version of its Lynch’s $6 billion global fund bank to offer its clients access
former U.S. Secretary of State high-performing GLG Atlas administration business – the to a wide selection of Lyxor’s
Condoleezza Rice and former U.S. Macro Fund, managed by latest spin-off deal of its kind managed account-based
National Security Advisor portfolio manager Driss Ben- from a multibillion-dollar hedge fund products.
Stephen Hadley, according to a Brahim and chief investment financial institution.
letter the firm sent to investors. strategist, Jamil Baz. Albourne grows team
Marble Bar rethinks Asia exponentially
September rally pushes all Polar recruits AXA strategy post closure of fund Albourne Partners, whose
strategies into the black Framlington global EM team London-based Marble Bar clients have now placed more
With almost a quarter of Polar Capital has announced Asset Management, the than $200 billion among 1,500
September’s performance in so far, the formation of a global EM long/short-focused firm, hedge funds, has dramatically
it appears that hedge funds in the franchise with the hiring of is said to be examining grown its team and anticipates
U.S. are posting positive returns, an experienced three-strong the way forward for its another 10 hires before year end
with the AR Composite Index up team from AXA Framlington Singapore office after the in line with its commitment to
an estimated 3.33%, compared to comprising William Calvert, closure in June of its MBAM track client growth with the
August’s gain of 0.42%. Ming Kemp and Neil Denman. Pan-Asian Fund. firm’s colleague growth.
Compiled by head of research & data Group publisher John Willis Customer Services
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