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In the week-ending 14 Sept 2012, data provider Hedge Fund Research disclosed that the number of hedge fund launches had declined through mid-2012 with 245 launches in 2Q, down from 304 in 1Q; Third Point Re is targeting to raise $250 for a new catastrophe hedge fund; activist investment firm Engaged Capital partnered with Grosvenor Capital to launch a new $85m hedge fund; Tradex Global Advisors announced it would launch a specialist fund of hedge funds that would invest in a variety of mortgage-related strategies; and Treesdale Partners launched a $20m emerging markets-focused global macro hedge fund.
Hong Kong-based hedge fund Pivotal Investments closed down and has started to return money to investors; and three former Highbridge Capital traders have pulled the plug on their $100m Kingsbrook Partners hedge fund operation and will return investors money.
The HFRI Fund Weighted Composite Index gained +0.8% in August (+3.49% YTD);
The IndexIQ Hedge Long/Short Beta Index was up +2.23% (+6.94% YTD);
The Greenwich Global Hedge Fund Index was up +1.03% (est.), (+3.88% YTD);
The Lyxor Hedge Fund Index gained +0.4% (+2% YTD);
The Hennessee Hedge Fund Index went up +0.97% (+3.82% YTD);
The Eurekahedge Hedge Fund Index returned +0.47% (+3% YTD);
And the SS&C GlobeOp Hedge Fund Performance Index ros...................... To view our full article Click here
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