Sat, Mar 7, 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 21

Saturday, May 29, 2010

Benedicte Gravrand, Opalesque London:

Last week, we heard of fund launches from Ex-Pendragon managers Julian Harvey Wood and Kaveh Sheibani who exited GLG (event driven fund); RCM (offshore version of special sits fund); Magnetar (event-driven); Cavenagh (Asian-focused macro); Steenman (FoHFs); Imperia (Asia event-driven); JT Capital (China L/S); and Sparx (Japan-focused green).

The Greenwich Composite Investable Index gained 0.20% in April, 1.62% YTD; the Parker FX Index returned 0.52%, 1.30% YTD; and the Morningstar 1000 Hedge Fund Index was up 0.7% (est.), 2.2% YTD.

Data from 79 administrators indicated that total funds under administration for the hedge fund industry had grown by more than 9% over the past six months, said HFMWeek; according to consulting firm Celent, the average AuM for the European hedge fund industry are likely to decrease as it tries to meet the EU AIFM Directive’s demands; Man Group's FuM went down 6.5% (to $39.4bn) from Q4-09; and London Diversified’s assets went from $5bn in ‘08 to $300m.

Inflows to Asia-based hedge-fund managers may reach $8bn this year, said Barclays Plc; Prana Capital, which moved its investment team to Singapore from London, plans to double the size of its global macro hedge fund as it bets on growth in Asia, said Bloomberg; and Millennium Management hired a new chairman to oversee its growing business in Asia.

John Paulson's Paulson Credit Opportunities Fund topped the list of 100 best-performing hedge funds over the past three years (123% annually), Barron's reported; managed account platforms are to experience a surge in the long term as investor's appetite returns said Moody's; Polygon allowed clients to exit its biggest hedge f......................

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. SkyBridge opens office in Palm Beach County[more]

    Where better for a southern location than South Florida? SkyBridge Capital, which is headquartered in New York, has opened an office in Palm Beach Gardens. Palm Beach Gardens is a "Signature City" in northern Palm Beach County, with a population of around 49,000.

  2. Outlook - Philippe Jordan predicts 'alternative beta' to displace hedge funds, Stan Druckenmiller says Europe, Japan stocks will outpace U.S.[more]

    Philippe Jordan predicts 'alternative beta' to displace hedge funds From Investordaily.com.au: The disappointing performance of hedge funds in recent years is a result of "too much money chasing too little alpha", argues Capital Fund Management. Speaking to InvestorDaily, CFM partner Phi

  3. Patrick McCormack to shut down hedge fund Tiger Consumer[more]

    Komfie Manalo, Opalesque Asia: Patrick McCormack is shutting down his hedge fund Tiger Consumer Management after 15 years "to spend more time with his family," reported Reuters. Tiger Consumer ended February up 4.6% (+3.9% YTD) and assets roughly $1.4bn, reported

  4. Investing - As rig count falls, hedge funds pile into long crude futures, Parus tactically shifts long/short exposure ratios, Mario Draghi outflanking Kuroda as bearish euro bets surge, Prime Capital’s 500.com bet derailed after 41% drop[more]

    As rig count falls, hedge funds pile into long crude futures From 247wallst.com: In the week ended February 27, the total number of rigs drilling for oil in the United States came in at 986, compared with 1,019 in the prior week and 1,430 a year ago. Including 281 other rigs mostly drill

  5. Outlook - 5 reasons why 2015 is looking like a breakout year for alternative investments, Hedge fund manager Dan Loeb predicts disappointment for funds seeking energy distress[more]

    5 reasons why 2015 is looking like a breakout year for alternative investments From Forbes.com: …After a strong 2014, the public markets have been off to a choppy start in 2015. This year, savvy investors may be looking for alpha elsewhere. For many institutions and high-net-worth indivi