Sat, Aug 19, 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 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. Opalesque Exclusive: Albright Capital puts a value lens on emerging markets[more]

    Bailey McCann, Opalesque New York: Over the past decade, investors have steadily increased investments in emerging markets private funds. Allocations to the cohort have increased from $93 billion in December 2006 to $564 billion in September 2016, according to data from research firm Preqin. Howe

  2. FinTech - Danger: Crowdfunding on the wrong platform could force you to go public[more]

    From LinkedIn.com: Some equity crowdfunding platforms are putting startups at serious risk. Working with a platform that doesn't structure your deal appropriately could jeopardize your ability to raise future capital or worse, force you to become a public reporting company. The emergence of eq

  3. David Tepper says we're 'nowhere near an overheated' stock market[more]

    From Marketwatch.com: Billionaire David Tepper thinks comparing this current stock-market environment with the overheated markets of 1999 is "ridiculous." The hedge-fund manager, who runs Appaloosa Management, told CNBC in a phone interview on Tuesday that the market's record run, notwithstanding la

  4. Opalesque Exclusive: Altegris and Artivest partner on distribution for alternative funds suite[more]

    Bailey McCann, Opalesque New York: California-based investment firm Altegris has partnered with New York-based alternative investments platform Artivest on distribution for $1 billion in alternative funds. The partnership also launches Artivest's capabilities to offer alternative solutions to acc

  5. Investing - Buffett's Berkshire Hathaway will not increase its Oncor offer, Travel-tilting hedge funds are investing in airlines and online travel agencies[more]

    Buffett's Berkshire Hathaway will not increase its Oncor offer From Reuters.com: The energy unit of Warren Buffett's Berkshire Hathaway Inc said on Wednesday it will "stand firm" on its $9 billion offer to acquire 80 percent of Oncor Electric Delivery Company LLC and will not increase it