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 ......................
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