Investors around the world have had a strong appetite for event driven, Asia and emerging markets hedge funds, moving almost USD14 billion year-to-date (YTD) into these funds while overall investor redemptions from the hedge fund industry continue, according to the just-released eVestment April 2019 Hedge Fund Asset Flows Report.
Melqart Asset Management (UK), a London-based hedge fund started by Michel Massoud, is preparing to close its fund to new money after assets rose to more than $600 million, according to a person familiar with the matter. Assets at the firm's multi-strategy event-driven fund have "grown to the extent that we anticipate closing the fund to new investments shortly," Melqart said in an investor letter seen by Bloomberg News. The Melqart Opportunities Fund has gained 18 percent this year through September, more than double the 8.1 percent return of event-driven funds on average, Eurekahedge data show.
Total hedge fund industry capital increased to a third consecutive quarterly record in the first quarter of 2017, as investors increased allocations to event driven and quantitative, trend-following systematic macro strategies. read more
Hedge funds were up 1.35 per cent in January, according to the Barclay Hedge Fund Index compiled by BarclayHedge, with all but two of Barclay’s 17 hedge fund indices gaining ground during the month. Emerging Markets got off to a fast start in 2017 with a 2.63 per cent gain, Technology was up 2.57 per cent, Healthcare and Biotechnology gained 2.22 per cent, the Event Driven Index added 2.08 per cent, and Distressed Securities were up 1.78 per cent.
Lombard Odier's asset management division has expanded its alternative investment offerings with the launch of a new event-driven convexity strategy within its 1798 hedge fund platform.read more
Hedge funds were up 0.41% during the month of November, with 2016 year-to-date returns coming in at 3.53%. Meanwhile, underlying markets as represented by the MSCI AC World Index (Local) gained 2.88% in November with its 2016 year-to-date returns at 4.88%. Roughly 56% of underlying constituent funds for the Eurekahedge Hedge Fund Index were in positive territory this month, with majority of them being long/short equities mandated. North American hedge fund managers posted the best returns among regional peers this month, with gains of 2.28% while among strategic mandates, event driven hedge funds led the tables with gains of 1.85%. We believe...
Former Citadel head of event-driven strategies Joseph Rotter has launched a new hedge fund backed by financial services giant Neuberger Berman. read more
Donald Trump's victory on November 8th was welcomed positively by markets
Hedge funds enjoyed broad-based returns last week as equity, bond and currency assets remained largely in their respective lanes as financial markets continue adapting to Donald Trump’s election win, according to the latest edition of Lxyor Asset Management’s Weekly Brief. The Lyxor Hedge Fund Index gained 0.7% for the week through November 22, with all sub-strategies except one ending the period on a positive note. Event Driven led the pack, gaining 0.9% and supported by positive returns in both Merger Arbitrage and Special Situations segments, while Global Macro and L/S Equity gained ground, up 0.8% and 0.7% respectively. Fixed Income...
Moab Capital Partners the event driven value oriented hedge fund returned 0.03% for investors during September, bringing year-to-date gains to 8.44%, outpacing the S&P 500 which returned 7.83% over the same period according to the fundâs monthly letter to investors, [âS]