Sun, Dec 17, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Review of hedge fund launches, closures, trends, regulatory and legal events - week 6

Monday, February 09, 2009

By Benedicte Gravrand, Opalesque London: A roundup of last week’s hedge fund launches, closures, index performance, trends, regulatory, legal and financial events pertaining to the alternative investments world.

Last week, we heard of fund launches or openings from Cavenagh (Asian macro); LGIM (global macro); Sucden (futures); IAM (trading); JWM Partners (possibly); Prentice Capital (L/S equity); Myojo (technology); KeyPoint (real estate); BlackRock (pooled alternatives); PhaseCapital (quant); Brevan Howard (credit trading); Woodbine (global macro); Big 5 (L/S equity); and FSM Capital (energy).

Japan’s Kanetsu A.M. is to close its hedge funds and shut the firm, and Spain’s BBVA is to close its fund of hedge funds business.

According to Absolute Return, assets for new funds declined 35% in 2008; and Asia Pacific Group forecasted hedge funds would face an $450bln asset decline in 2009.

The CASAM CISDM Equal Weighted Hedge Fund index returned 0.95% in Dec-08 and -19.16% YTD; and the HFRX Global Hedge Fund Index was up 1.10% (est.) in Jan-09.

Hedge fund Perry Partners apologised to investors after their first negative year in 2 decades; Lawrence A. M.’ shareholders voted for a restructuring of the flagship fund; Fortress’ shareholders lost 96% since the IPO a year ago; Absolute Ca......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Mediobanca acquires majority stakes in Swiss hedge fund[more]

    Komfie Manalo, Opalesque Asia: Listed diversified banking group Mediobanca SpA said it has acquired a majority stake in Geneva-based hedge fund firm RAM Active Investments SA (RAM AI), an active and alternative asset manager offering a range of act

  2. Launches - Ex-BlueCrest team to open over $200m hedge fund, Greg Coffey, a hedge fund star who retired at 41, is eyeing a comeback, Brevan Howard plans Greek funds as bond rally signals revival[more]

    Ex-BlueCrest team to open over $200m hedge fund From Bloomberg.com: A team of traders who left BlueCrest Capital Management earlier this year raised more than $200 million for their own hedge fund focused on Asian stocks, according to a person familiar with the matter. Ovata Capital Manag

  3. North America - Miami could attract hedge funds if SALT deductions axed[more]

    From Law360.com: For years, inertia has been Nitin Motwani's greatest foe in his attempts to lure hedge fund owners in the northeast to Miami, which he has pitched as a tropical low-tax paradise. But with the Republican tax bill proposing to eliminate deductions for state and local taxes, he's sensi

  4. Northleaf Capital Partners closes debut private credit fund on $670M[more]

    Bailey McCann, Opalesque New York: Northleaf Capital Partners has closed its debut private credit fund - Northleaf Private Credit I - on $670 million. The vehicle will invest in private credit transactions in Europe and North America, with a primary focus on lending to private equity-backed compa

  5. ...And Finally - The ongoing gun saga in the U.S.[more]

    From Newsoftheweird.com: As elder members of the First United Methodist Church in Tellico Plains, Tennessee, gathered on Nov. 16 to discuss the recent church shooting in Sutherland Springs, Texas, one of those present asked if anyone had brought a gun to church. One man spoke up and said he c