Mon, Nov 30, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing Weekly

Review of hedge fund launches, closures, trends, regulatory and legal events - week 19

Sunday, May 16, 2010

Benedicte Gravrand, Opalesque London:

Last week, we heard of fund launches from QCM (UCITS managed futures); EquityStar (equity L/S); new HF firm Edoma Capital; new HF firm Cayuga Capital; Legg Mason and Western (Ucits L/S credit); and Oracle Capital (structured credit).

The Greenwich Global Hedge Fund Index went up 1.1% (est.) in April, 3.7% YTD; The Credit Suisse/Tremont Hedge Fund Index posted 1.49% (est.), 4.63% YTD; The Hennessee Hedge Fund Index was up 1.30%, 4.61% YTD; The HFN Hedge Fund Aggregate Index returned 1.55%, 4.35% YTD; The HFRI Fund Weighted Composite Index went up 1.29% (est.), 3.79% YTD; And the Lyxor Global Hedge Fund index was up 0.9%, lifting YTD gains to 3.0%.

Global hedge funds took in $7.6bn of new assets in March, less than half the previous month's inflow, TrimTabs data showed; latest data from TrimTabs and BarclayHedge also reported that event-driven funds had posted the biggest inflows in March, and Q1 returns of 4.7%; Europe's 1000 alternative UCITS funds captured $200bn from investors worldwide, said think tank Strategic Insight; John Paulson closed his flagship funds to new investors, having nearly $20bn in client assets; Clarium Capital’s assets dipped to just $976m for the first time in years as the hedge fund continues to rack up losses; and Japan’ Sparx returned to profit with AuM of Y686bn after selling its Cosmo stake and cutting costs.

London-based hedge fund Odey Asset Management formed a joint-venture with Geneva's Bruellan Wealth Management to target private clients in Switzerland; Swiss firm Reyl’s asset management arm launched a hedge-fund seeding business; US HF Millennium Management formed a board to advise hedge funds on regulatory matters; Bramdean' shareholders are to consider major change proposals on June 3d; and ......................

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. Other Voices: Hedge fund marketing and the selling cycle[more]

    By Bruce Frumerman. How long is the selling cycle now? That’s a question my financial communications and sales marketing consulting firm has been asked on a regular basis by hedge fund firm owners and sales people, ever since we opened the doors to our firm in 1987 pre-crash. Wa

  2. People - Solus Alternative Asset Management adds chief strategist from BTIG[more]

    From Daniel Greenhaus joined hedge fund manager Solus Alternative Asset Management as managing director and chief strategist. He will work closely with Chris Bondy, Solus’ chief economist, managing director and executive vice president, said Chris Pucillo, CEO and chief investmen

  3. Commodities - Stung by oil, distressed-debt traders see worst losses since '08[more]

    From It’s mid-November, but for investors who trade in the debt of distressed companies, the year’s already done -- and they lost. Hedge funds that specialize in the debt are grappling with their worst declines in seven years. Funds managed by Knighthead Capital Management, Candlewood

  4. Opalesque Roundtable: Seeding deal terms can be onerous for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Executives from fund of funds firms, family offices, a placement agent, a private equity firm, and an accounting firm gathered in Connecticut last month for the

  5. Opalesque Roundtable: Family offices flock to co-investment[more]

    Bailey McCann, Opalesque New York: Co-investments have been a hot topic for pension funds in recent years, as they try to move away from high fees and improve transparency. But now, family offices are more readily getting into the mix and establishing in-house deal teams, according to the delega