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Tue01162018

Last updateSat, 29 Jul 2017 12am

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Hedge Funds Trail Stock Rally 3Q 2012

The September increase brought hedge funds’ gains this year to 3.6%, compared with an advance of 13% for equities worldwide, including dividends.  The main Bloomberg hedge fund index is weighted by market capitalization and tracks 2,698 funds, 1,182 of which have reported returns for September. The index is down 9 percent from its July 2007 peak.

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Asian Hedge Funds Underperformed the West

Asian hedge funds managed $125.4 billion as of 2012-08-31, compared with $358.8 billion in Europe and $1.2 trillion in North America, according to Eurekahedge, a Singapore-based data provider. According to Hedge Fund Research Inc, investors have withdrawn $447 million this year from Asian hedge funds, while 73 of them have closed in 2012. Seventy-seven percent of the funds in the region are equity-related, versus 46 percent globally.

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GAM Trading II Inc Fund

Global Asset Management (GAM), manages US$51.4 billion globally, is among the oldest and most established alternative fund investment houses in the world. Add a comment

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Henderson Horizon China Fund

Henderson Horizon China Fund, a greater China fund that is UCITS III approved fund.  In other words, it is a mutual fund that can long and short - the fund can have up to 200% exposure in the market with 150 long and 50 short.  The fund adopts highly concentrated portfolio with average position size of 4-5%.  Due to its ability to long and short and concentrated portfolio, it exhibits high tracking error.

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Legg Mason Permal Absolute Return Fund

Permal is one of the oldest with over 35 years of experience) and largest alternative asset management firms. It is one of the top players with approximately $20 billion under management.

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