Sun, Mar 26, 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. Hedge fund liquidations in 2016 surpass 2009 levels, new launches decline[more]

    Benedicte Gravrand, Opalesque Geneva: Even as the hedge fund industry's total assets exceeded the $3tln milestone last year, hedge fund liquidations increased. So much so that 2016 had the highest number of liquidations since 2008, claims the latest HFR Market Microstructure Report, re

  2. Hedge funds find no joy in macro as returns lag Trump rally[more]

    From Gulfnews.com: In 2017, macro hedge funds were expected to shine. So far? Not so much. It's been a far from impressive first two months for funds that trade around macroeconomic events. Discretionary funds rose just 0.3 per cent through February, according to Hedge Fund Research Inc., while the

  3. Strategies - Billionaire investor Marc Lasry shares how he's playing markets right now, Classic models are failing FX hedge funds desperate for return[more]

    Billionaire investor Marc Lasry shares how he's playing markets right now From CNBC.com: Buy on the prospect of deregulation. Sell on the enactment of deregulation. That's the strategy that billionaire investor Marc Lasry is implementing, according to an interview with CNBC in Las Vegas

  4. Opalesque Exclusive: Aberdeen makes the case for the lower mid-market[more]

    Bailey McCann, Opalesque New York: Aberdeen Asset Management has released a new paper focused on lower mid-market private equity. According to the paper, this segment of the private equity market is gaining popularity with private equity investors that are looking for multiple expansion and less

  5. Hedge funds await outcome of French elections, feel pinch on lower oil prices & weak dollar[more]

    Komfie Manalo, Opalesque Asia: Hedge funds felt the pinch of lower oil prices and weak U.S. dollar as the Lyxor Hedge Fund Index was marginally down as of the week ending 14 March, Lyxor Asset Management said in its Weekly Briefing. The Lyxor He