Sun, Mar 29, 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 20

Saturday, May 22, 2010

Benedicte Gravrand, Opalesque London:

Last week, we heard of fund launches from Dreyfus / Newton (world allocation fund with emphasis on absolute return); Matrix (pan-Asian L/S UCITS); E Fund Management (China); Man (portfolio combining L/S equity with AHL); Sabre (UCITS III version of arbitrage fund); T&D (Japanese L/S); Navellier Hedge (FoFs); QQP (L/S equity SIF); new firm Warwick Capital Partners (European distressed and special sits); Carina Capital (global macro). Swedish hedge fund WR Norden had to close down.

The RBC Hedge 250 Index returned 0.90% (est.) in April, 2.81% YTD; The Barclay Hedge Fund Index was up 1.31%, 4.58% YTD; The Credit Suisse/Tremont Hedge Fund Index confirmed return of 1.24%, 4.37% YTD; All Edhec indices were positive in April except for Short-Selling (-8.5% YTD), Distressed Securities was the best performer (2.49%, 8.3% YTD); The Scotia Capital Index (Asset Weighted) went up 1.02%, 4.37% YTD; The Barclay CTA Index returned 0.37% (est.), -0.08% YTD; Emerging markets hedge funds navigated sovereign crisis gaining 4.7% through April reported HFR; And Hedgebay's hedge fund Secondary Market Index continued to fluctuate and fell for first time in 5 months.

Nara Capital reported 23% more UCITS hedge funds in Q1-10, which now 400 manage Eur70bn ($87bn) in assets; Gartmore’s assets fell 5% in April to $33bn after G. Rambourg’s internal probe; and Brevan Howard's $200m commodities fund started accepting outside investors.

The following trends were noted: managed account conversions are slowing down as hedge funds offer more transparency; as the scope of hedge fund regulation becomes clear, ......................

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