Sat, Nov 18, 2017
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. Middle East - Saudi-Iran war would create this domino effect of global disaster, Saudi billionaires said to move funds from region to escape asset freeze[more]

    Saudi-Iran war would create this domino effect of global disaster From CNBC.com: Events appear to be spinning out of control in the Middle East, and the threat a Saudi-Iranian war is looking increasingly credible. Make no mistake, an out and out conflict between the two nations would be

  2. Paradise Papers - Robert Mercer's effort to avoid taxes appears in Paradise Papers, Tycoon made $41m from 'people's fund', Oxford and Cambridge 'investing millions of pounds offshore', Paradise Papers reveal[more]

    Robert Mercer's effort to avoid taxes appears in Paradise Papers From Therealnews.com: The Guardian has reported that conservative billionaire and Trump backer Robert Mercer "appears as a director of eight Bermuda companies in the Paradise Papers," the trove of documents reviewed by the

  3. Wall Street hedge fund veteran hits highs with copycat tactics[more]

    From FNLondon.com: A Wall Street veteran who has made big returns for wealthy clients by piggybacking on the strategies of well-known hedge funds is taking his novel approach to stock-picking to institutional clients. Dixon Boardman, chief executive of $2.5bn fund of hedge funds Optima Fund Ma

  4. Launches - Eaton Vance, Oaktree to launch diversified credit NextShares fund, FIM launches Nordic AI-powered fund[more]

    Eaton Vance, Oaktree to launch diversified credit NextShares fund Eaton Vance Management, a subsidiary of Eaton Vance Corp., announced the expected mid-November launch of Eaton Vance Oaktree Diversified Credit NextShares, a new Eaton Vance-sponsored exchange-traded managed fund. Eaton Va

  5. Outlook - Gundlach's stock market warning comes true[more]

    From Bloomberg.com: Jeffrey Gundlach has been warning something's got to give. Based on the past two days, looks like we have our answer. Stocks fell around the world a second day and high-yield bonds headed for a fourth straight loss, resuming a historic correlation that the hedge fund manager on W