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By Benedicte Gravrand, Opalesque London: A roundup of last week’s hedge fund launches, closures, index performance, trends, regulatory, legal and financial events pertaining the alternative investments world.
Last week, we heard of fund launches from PXP Viet Nam, Enhanced Investment Products (with seeding from Triple A), Asia Genesis, PIMCO, Threadneedle, Da Vinci, SEI, ARCH Financial, Palatine, Radcliffe, GAM, Onex Credit Partners, BlueAlpha, EJF Distressed II, and Blackstone
RAB Capital confirmed it had closed 12 underperforming hedge funds; Citi`s Corporate Special Opportunities fund, JO Hambro’s Trident European hedge fund and Go Capital A.M.’s hedge fund were also closed.
RBC Hedge 250 Index returned -5.40% in October, -18.20% YTD
Lyxor’s investable hedge fund index was down 3.81%, -10.79% YTD
HFRI Fund Weighted Composite Index went down 5.99%, -16.05% YTD
Credit Suisse/Tremont Hedge Fund Index returned -6.30%, -15.54% YTD
CS/T also reported that convertible arbitrage had been the worst performing sector, as many funds had lost 6 years of gains in 6 months.
EDHEC Indices were negative, except for CTA Global +3.92% (12% YTD) and Short Selling +11.68% (28% YTD)
Scotia Capital Canadian Hedge Fund Index returned -6.92% / -7.98% (-18.77% / -20.26% YTD)
Morningstar Hedge Fund Index returned -9.4% (-21.36% YTD), FoHFs index fell to -9.1% (-21.27% YTD)
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