Wed, Apr 1, 2015
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. Other Voices: Does the hedge fund industry benefit society?[more]

    This article was authored by Don Steinbrugge, Chairman of Agecroft Partners, a US-based global consulting and third party marketing firm for hedge funds. It is no secret that the hedge fund industry is viewed negatively by a la

  2. Private credit comes into focus for investors[more]

    Bailey McCann, Opalesque New York: As investors look for a way out of the low yield/no yield environment, private credit is becoming an increasingly attractive asset class, according to a white paper from Bayshore Capital Advisors. Private credit has grown steadily since the financial crisis as

  3. Other Voices: The role of diversification in CTA portfolios[more]

    2014 brought a resurgence of managed futures strategies, or CTAs, which performed very well as a whole, outperforming all other hedge fund strategies. However, a closer look reveals that there was a wide range of performance, or return dispersion, across managers. The bottom line? Not all CTAs

  4. Neuberger Berman unit buys 20% stake in activist hedge fund Jana Partners for $2bn[more]

    Komfie Manalo, Opalesque Asia: Neuberger Berman’s unit Dyal Capital Partners bought a 20% stake in activist hedge fund firm Jana Partners worth $2bn, WSJ.com reports. The deal comes as activi

  5. Hedge fund launches fall again, $1bn funds found to outperform even smaller hedge funds[more]

    Komfie Manalo, Opalesque Asia: The number of new hedge fund launches fell again in 2014, the third consecutive year of decline, while fund liquidations saw their first drop since 2010, according to the latest HFR Market Microstructure Industry Report released by industry data provider HFR. Acc

 

banner