Sun, Mar 26, 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 22

Saturday, June 05, 2010

Benedicte Gravrand, Opalesque London:

Last week, we heard of fund launches from Iveagh and 47 Degrees North (Newcits FoFs); Prudential (market neutral); Deutsche Bank (15 alternative mutual funds); JT (China); Congrong (healthcare); Bank of Beijing and Huili A.M. (China); FMG (Iraq); Woori and Fullerton (Asia-focused FoHFs); Mondis (global macro); Harcourt (UCITS fund focusing on CTAs and global macro); Prestige (multi-strat); Paris (multi-strat); Evolution (L/S equity); AlphaClone (equities strategy managed account platform); Iron Harbor (global macro); and Zorica ( multi-strat FoHFs).

Rampart closed down its 9-month old energy hedge fund after raising insufficient capital; Energy Capital is to close its MMT Energy Fund after returns went down; Plenum closed down its Power hedge fund as clients moved money into its riskier Power Surge fund; and Seasons Capital wound down three hedge funds due to a challenging stock picking environment.

The Credit Suisse Liquid Alternative Beta Index went down 2.64% in May (+0.27% YTD); and the HFRX Global Hedge Fund Index was down 2.64% (est.) (-0.26% YTD).

Big beta managers and firms offering high-alpha strategies should be among the more resilient assets gatherers this year said Pensions & Investments, whose annual money manager survey showed that the 500 largest money managers’ worldwide institutional assets experienced a 19% increase in 2009, to $25.5tn; and that hedge fund allocations from U.S. pension funds rose to $84bn over 8 years. TrimTabs reported that hedge fund clients withdrew $3.5bn in April and that assets are at $1.65tln globally.

Each of Barron’s top 100 hedge funds posted average annual returns of 10% or better for the past three years; hedge funds lost an average of 2.7% through May 27 as the sovereign debt crisis in Europe triggered declines in stocks, the euro and commodities, and the gap in yields between U.S. short-term and long-term debt narrowed,......................

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. Hedge fund liquidations in 2016 surpass 2009 levels, new launches decline[more]

    Benedicte Gravrand, Opalesque Geneva: Even as the hedge fund industry's total assets exceeded the $3tln milestone last year, hedge fund liquidations increased. So much so that 2016 had the highest number of liquidations since 2008, claims the latest HFR Market Microstructure Report, re

  2. Hedge funds find no joy in macro as returns lag Trump rally[more]

    From Gulfnews.com: In 2017, macro hedge funds were expected to shine. So far? Not so much. It's been a far from impressive first two months for funds that trade around macroeconomic events. Discretionary funds rose just 0.3 per cent through February, according to Hedge Fund Research Inc., while the

  3. Strategies - Billionaire investor Marc Lasry shares how he's playing markets right now, Classic models are failing FX hedge funds desperate for return[more]

    Billionaire investor Marc Lasry shares how he's playing markets right now From CNBC.com: Buy on the prospect of deregulation. Sell on the enactment of deregulation. That's the strategy that billionaire investor Marc Lasry is implementing, according to an interview with CNBC in Las Vegas

  4. Opalesque Exclusive: Aberdeen makes the case for the lower mid-market[more]

    Bailey McCann, Opalesque New York: Aberdeen Asset Management has released a new paper focused on lower mid-market private equity. According to the paper, this segment of the private equity market is gaining popularity with private equity investors that are looking for multiple expansion and less

  5. Hedge funds await outcome of French elections, feel pinch on lower oil prices & weak dollar[more]

    Komfie Manalo, Opalesque Asia: Hedge funds felt the pinch of lower oil prices and weak U.S. dollar as the Lyxor Hedge Fund Index was marginally down as of the week ending 14 March, Lyxor Asset Management said in its Weekly Briefing. The Lyxor He