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Alternative Market Briefing Weekly

Opalesque Roundup: Hedge fund databases report mixed results for August: hedge fund news, week 35

Saturday, September 14, 2019

In the week ending September 13th 2019, a report said that the hedge fund industry posted negative returns in August, dropping 0.78%, according to the Barclay Hedge Fund Index, versus a 1.58% dip in the S&P 500 Total Return Index. However, hedge funds remained in positive territory for the year, gaining 6.86% through August 31. The S&P Total Return Index returned 18.35% on the year through August. August's hedge fund difficulties were fueled by the usual suspects: the U.S.-China trade war, ongoing no-deal Brexit uncertainty, and recession fears, said BarclayHedge. The Wilshire Liquid Alternative Index returned -0.27% in August, underperforming the 0.38 % monthly return of the HFRX Global Hedge Fund Index.

However, also the Eurekahedge Hedge Fund Index was up 0.31% during the month compared to the MSCI ACWI stock index which ended August down 2.37%.

Macro hedge funds also surged in August while the global supply of negative-yielding bonds swelled to over $16 trillion, with gains led by both fundamental and quantitative Macro strategies.

In performance news, Pershing Square Holdings fund has returned 54.5% on its investments this year through August, fueling a 48% gain for shares of Pershing Square Holdings, which traded Friday at $19.10 in Amsterdam, the highest since January 2016.

In new launches, Paris-based buyout shop Ardian has raised $2.5 billion for its latest c......................

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