Fri, Jul 31, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Former mega hedge fund Stark Investments liquidates while fund closures globally decrease: hedge fund news, Week 16

Monday, April 22, 2013

amb
Torben Kaaber
In the week ending April 21, 2013, Stark Investments announced it would close down its operations after assets fell by 85% from $14bn to $2.1bn; a report by HedgeFund Intelligence suggested that the rate of closures in the global hedge fund industry went down for the fourth year in a row, with 302 fund shutdowns in 2012 (HFI also reported that hedge funds assets topped $2.2tln in 2012 on the back of solid average performance across the industry and new inflows from investors worldwide); the SS&C GlobeOp Forward Redemption Indicator for April 2013 measured 2.95%, down from 4.33% in March; data from eVestment showed that hedge funds flow turned negative in March amounting to $12.4bn, but flows for the quarter were still positive $7.6bn and total industry AUM reached $2.664tn; and Tower Fund Services commented many investment funds are struggling to raise capital as only 5% of them attract 80%to 90% of all capital flows.

Resonance Asset Management, an alternative asset management firm founded by industry veteran Nick Wood, raised £35m in assets and will launch its inaugural wind energy income fund; and former GLG portfolio manager Berger set up B1 Capital and is preparing the launch of a new......................

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. Opalesque Exclusive: Despite bumpy June/July, CTAs hold on[more]

    Bailey McCann, Opalesque New York: To say that things have been rocky in managed futures recently is putting it mildly. In June, the industry saw its worst month on a performance basis in the past four years. Then yesterday,

  2. Investing - Hedge funds, seeing opportunity, invest in struggling hotels in Puerto Rico[more]

    From NYTimes.com: Puerto Rico’s tourism industry has fallen victim to the island’s struggling economy, hit by one misfortune after another. In March, the San Juan Beach Hotel filed for bankruptcy. This week, the Condado Plaza Hilton was forced to close its casino. But nearly two thousand miles away,

  3. Investing - Hedge fund billionaires bet on London as revival gathers pace[more]

    From Bloomberg.com: London’s fund industry is bouncing back, and U.S. billionaires Steven A. Cohen and Ken Griffin are grabbing a piece of the action. Griffin’s Citadel and Millennium Management, a hedge fund run by Israel Englander, have bulked up in London, where asset growth is outpacing the U.S.

  4. Bridgewater turns bearish on China[more]

    Komfie Manalo, Opalesque Asia: The world’s biggest hedge fund Bridgewater Associates and one of the most vocal of China’s potential is now turning its back against the world’s second largest economy as it joins a growing list of high-profile investors who are challenging China’s potentials.

  5. Opalesque Roundup: Hedge fund assets rose to 11th consecutive quarterly record level: hedge fund news, week 31[more]

    In the week ending 24 July, 2015, the total global hedge fund industry assets rose to the 11th consecutive quarterly record level in 2Q15 to $2.97tln; Eurekahedge reported that hedge funds raised $93bn in the first six months of 2015; The SS&C GlobeOp Forward Redemption Indicator for July 201

 

banner