Wednesday, 17 September 2014
Last updated 2 hours ago
Jan 29 2013 | 12:07pm ET
BTG Pactual's Distressed Mortgage Hedge Fund was among the best-performing hedge funds of 2012, and may well have topped all of its peers, according to HSBC Private Bank.
The $245.5 million hedge fund topped HSBC's list of the 20 best-performing hedge funds with a 46% return. By contrast, the average hedge fund saw returns in the mid-single digits for the year.
Tilden Park Capital Management's $955 million Offshore Investment Fund was second with a 41% return, Brookfield Asset Management's $473 million Real Estate Securities Fund was third with a 40% return, CQS' Directional Fund came fourth with a 36% return, and Pine River Capital Management's $3.5 billion fixed-income fund fifth with a roughly 35% return.
Pine River and BTG Pactual both had two funds in the top 20, which also featured entries from Third Point, Appaloosa Management and Marcato Capital Management. And Chenavari Investment Managers' US$360 million Toro Capital Fund made the list for the third year in a row—the only fund to do so.
HSBC also publishes a 20 worst-performing hedge funds list, and Conquest Capital Group's Macro Fund won that dubious prize with a 33% loss. RAB Capital's flagship Special Situations Fund shed 28%, and Paulson & Co.'s Advantage Plus Fund lost 21.5%. Another Paulson fund also made the bottom 20, as its flagship Advantage Fund shed 14% last year.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
There are two things currency analysts agree on: Currencies have never gone through such a period of low volatility and the dollar must lead the sector out of the current malaise.