Thu, Oct 23, 2014
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

Banner

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. Commodities - Oil wreaking havoc on small-cap energy stocks sliding 36%[more]

    From Bloomberg.com: Owning almost anything in the U.S. stock market has been a losing proposition since September. Owning smaller energy companies has been a catastrophe. Hercules Offshore Inc. and Resolute Energy Corp. are among 19 oil-and-gas equities in the Russell 2000 Index that lost more than

  2. Investing - Hedge funds favor equity long/short, Strategic bond managers hedge against further high yield sell-off[more]

    Hedge funds favor equity long/short From Securitieslendingtimes.com: Equity long/short strategies will generate good returns for hedge funds in the future, according to a panel at this year’s Risk Management Association Conference on Securities Lending in Naples, Florida. Panellists Sand

  3. Legal - Ex-hedge fund analyst weeps as judge hands down 5 year sentence, Former Columbus investment manager Steven P. Moore indicted on theft charges, SEBI confirms ban for Hong Kong hedge fund, SEC announces enforcement action against compliance officer[more]

    Ex-hedge fund analyst weeps as judge hands down 5 year sentence From Hereisthecity.com: An ex-hedge fund analyst was sentenced to 5 years in prison for his role in insider-trading scheme. The New York Post reports that former hedge fund analyst Matthew Teeple was sentenced Thursday to fiv

  4. Goldman in talks to acquire IndexIQ[more]

    From Bloomberg.com: Can Goldman Sachs put ETF investors on a liquid diet? Goldman is in talks to acquire IndexIQ, Reuters has reported. Index IQ is a small exchange-traded-fund firm known mostly for products that replicate hedge fund strategies, called "liquid alternative" ETFs. While IndexIQ has 11

  5. Other Voices: CALPERS dilemma should be a warning to hedge funds wanting institutional investors[more]

    From Ian Hamilton, founder of IDS Group. A quick comment on the CALPERS’ disinvestment from the hedge fund market and the jitters it is causing. Pension Funds should not be sheep and follow CALPERS’ decision as the issues that CALPERS has with hedge fund investments are in many ways unique t