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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 to the alternative investments world.
Last week, we heard of fund launches from Goldman Sachs (UCITS L/S US equities); Natural Capital (green); RWC Partners (US L/S funds); Bookbinder Capital (green); Magister Ludi Capital (global macro); TrueBeta (rules-driven); ADM; ACG (Japan market neutral); and probably SRM Global. Polygon closed its Global Opportunities fund and is raising money for two new hedge funds.
Amber Capital Investment Management got back its assets from Lehman Brothers’ prime-brokerage unit and plans to return about $600m, or 60% of its hedge funds’s NAV to investors; UK hedge fund Lansdowne Partners stopped accepting investments in its flagship fund; RAB Capital reported H1 loss of $4.5m with AUM down $600m and said clients are returning to some hedge funds; Martin Currie Investment attained conformity with the Hedge Fund Standards Board's (HFSB) best practices for hedge fund managers; and Nicola Horlick is rumoured to be seeking to regain influence at Bramdean Alternatives.
The following trends were noted: ...................... To view our full article Click here
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