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Alternative Market Briefing

Hedge fund assets reach a record $2.13tln, but most are reducing risks – and other hedge fund news, Week 16

Monday, April 23, 2012

In the week-ending 20 April, 2012, it was reported that former Goldman proprietary desk chief George Assaly would launch an equity-focused quant hedge fund named Alcova Asset Management; Zurich based global macro hedge fund manager Rialto Capital , announced plans to launch its second product during Q3; BlackRock launched its first U.S. equity hedge fund, the BlackRock Large Cap Series Hedge Fund; Julian Robertson’s Tiger Management said they would back a new hedge fund run by Knut Kjær; Miami-based Traders Alliance launched an in-house fund of hedge funds; and Renaissance Technologies begun trading its new hedge fund on March 1 with $3.5bn in assets.

Moore Capital Management-backed Salute Capital Management, run by Lev Mikheev announced plans to liquidate after its hedge fund lost 11% last year.

The Barclay Hedge Fund Index gained in March 0.19% (+5.69% YTD); The Dow Jones Credit Suisse Hedge Fund Index finished up +0.05% (+4.40% YTD); The Barclay CTA Index was down -1.21% (-0.27% YTD); The EDHEC Convertible Arbitrage Index went up +0.63% (+5.3% YTD); The Newedge CTA Index went down -1.88% (-0.45% YTD); The RBC Hedge 250 Index returned +0.36% (+3.35% YTD); The Hedge Fund Intelligence Global Composite Index was up +0.13% (+3.33% YTD); The Parker Global Strategies Currency Managers Index dropp......................

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