Fri, Feb 12, 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 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. Credit Suisse cherry picks hedge fund ideas[more]

    From FT.com: Credit Suisse Asset Management plans to cherry pick profitable concepts from hedge funds with the launch in Europe of a “best ideas” strategy. The investment arm of the Swiss bank said the strategy will separate it from other funds blighted by “overcrowding problems”. It comes at a time

  2. Investing - Hedge funds bet on risks in U.S. blue-chip debt, Hedge funds bets against bank credit risk paying off, Tiger Global still likes Internet names, gets pointers from Jeter[more]

    Hedge funds bet on risks in U.S. blue-chip debt From WSJ.com: Hedge funds are betting the next bond sector to crack will be the $4.5 trillion market for the safest U.S. corporate debt. New York’s Perry Capital has placed a $1 billion wager against investment-grade bonds issued by 10 comp

  3. Short Selling - Hedge fund manager Kyle Bass is shorting real estate—again, Top US hedge fund has €80m short position in Paddy Power Betfair[more]

    Hedge fund manager Kyle Bass is shorting real estate—again From Fortune.com: He also predicted the mortgage crisis in 2008. Hedge fund manager Kyle Bass, who runs Dallas-based Hayman Capital, tanked the stock of a little-known real estate financier Friday by revealing that he is shorting

  4. 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

  5. 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