Sat, Feb 13, 2016
A A A
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. Investing - Real estate secondaries sole 'bright spot' in 2015, As hedge funds stumble, one firm prepares to buy illiquid stakes[more]

    Real estate secondaries sole 'bright spot' in 2015 From IPE.com: The secondary market for property was the sole “bright spot” over the course of 2015, as hedge fund secondaries saw deals fall by two-thirds, according to a wide-ranging survey of the market. Setter Capital said 2015 saw th

  2. Asia - Hedge fund manager Kyle Bass estimates China's foreign reserves below critical level[more]

    From Nasdaq.com: Investor Kyle Bass stepped up his attack on China's currency, arguing in an investor letter distributed Wednesday that the second-largest economy's foreign reserves are "already below a critical level." The comments mark the latest effort by hedge funds and other investors to raise

  3. Investing - Some hedge funds want to make subprime auto loans next big short, 11 hedge funds that are “all in” on the FANG stocks, Hedge funds short London luxury homes, Cynet raises $7 million from U.S. hedge fund[more]

    Some hedge funds want to make subprime auto loans next big short From Bloomberg.com: A group of hedge funds, convinced they have found the next Big Short, are looking to bet against bonds backed by subprime auto loans. Good luck finding a bank willing to do the trade. Money manage

  4. Investing - Hedge funds see selloff in European bank stocks as buying opportunity[more]

    From WSJ.com: The massive selloff in European bank stocks and bonds is overdone and presents a “phenomenal” buying opportunity, according to some of Europe’s top hedge-fund managers. Despite a 28% slump in European bank stocks this year, including a 38% fall in Deutsche Bank AG and a 34% drop in Soc

  5. Legal - Carlyle accused of fraud by ex-employee, Hedge funds win CDS breach of contract suit against Deutsche Bank, Hedge fund asks for OK on $27.5m Goldman CDO deal, SFO examines Barclays hedge fund profits[more]

    Carlyle accused of fraud by ex-employee From AI-CIO.com: A former portfolio manager claims he was fired for blowing the whistle on “crazy” and “irresponsible” investments. Carlyle Group has been sued by a former portfolio manager for one of its hedge funds, who accused the firm of “knowi