Sun, Dec 21, 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 23

Saturday, June 12, 2010

Benedicte Gravrand, Opalesque London:

Last week, we heard of fund launches from East Coast (hedge fund with cut-rate fees); new firm Ridley Park (new fund); Samena (seeding fund); M&G (global macro Ucits hedge fund); ADM (Kazakhstan restructuring); new firm Headlands Technologies (computer-driven); Normura (UCITS III interest rate); Kilometre (Asian L/S equity); new firm Alithion (Japan L/S equity); Matrix Money (UCITS convert arb and special sits/event driven); GCI and Orix (CTA); Edoma (global equity); Boyer Allan (EMEA and Ucits version of flagship); Ferox (UCITS convertible); new firm and Archeroak (new hedge fund).

The HFRI Fund Weighted Composite Index was down 2.26% (est.) in May, +1.28% YTD, and it was said that May was the worst performance month since Nov 2008; The Hennessee Hedge Fund Index declined -2.99%, +1.57% YTD; The Barclay CTA Index returned -0.36% (est.), -0.59% YTD, the Barclay Hedge Fund Index -2.83% (est.), +1.52% YTD; The UCITS Alternative Index Global was down 1.70%, -0.11% YTD; The Credit Suisse/Tremont Hedge Fund Index went down 2.73% (est.), +1.52% YTD; The Greenwich Global Hedge Fund Index declined -2.25% as markets tumbled, 1.39% YTD; The HFN Hedge Fund Aggregate Index returned -2.51% and +1.28% YTD; The Lyxor Global Hedge Fund index was down 2.2%, up 0.7% YTD; And Eurekahedge said that Asia hedge funds’ 2010 gains were wiped out after a poor May (around -4.86%).

Barclay Hedge and TrimTabs said that hedge funds had posted a $3.5bn outflow in April and that managers expect the debt crisis to worsen; the FoHFs sector has suffered a 2% decline in total assets under administration (AuA) over the past six months, as investors increasingly opt to invest directly into the hedge fund sector, a HFMWeek AuA survey said.

In terms of performanc......................

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. Investing - Big hedge funds win again on PetSmart, Riverbed, RBS sells real estate loans to hedge fund Cerberus, Talisman energy speculation: Which hedge funds could benefit?[more]

    Big hedge funds win again on PetSmart, Riverbed From CNBC.com: Another week, another set of wins for activist investors. On Sunday, pet supply retailer PetSmart agreed to the largest leveraged buyout of the year at $8.7 billion. Hedge fund firm JANA Partners had been pushing for a sale a

  2. Outlook - Hedge fund manager who remembers 1998 rout says prepare for pain, Bond guru Bill Gross predicts U.S. economic growth to dip to 2%[more]

    Hedge fund manager who remembers 1998 rout says prepare for pain From Bloomberg.com: Stephen Jen landed in Hong Kong in early January 1997 as Morgan Stanley’s newly minted exchange-rate strategist for Asia. He was soon working around the clock when investors began targeting the region’s

  3. Investing - Hedge funds get boost from healthcare in 2014, Paulson & Co takes stake in Salix on heels of inventory issues[more]

    Hedge funds get boost from healthcare in 2014 From Valuewalk.com: The healthcare sector started the year on a turbulent note, as stocks of many major biotechnology companies were battered. However, most of the players in this sector have bounced back. The BarclayHedge Healthcare & Biotec

  4. Opalesque Exclusive: U.S. legal receivables fund launched in August[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Investing in asset-backed receivables is a strategy that has been an integral part of the alternative investment space within the overall fixed income asset c

  5. Comment - High fees and low performance hit hedge funds[more]

    From FT.com: Disenchantment over high fees and lackluster performance may finally be turning the tide against hedge funds, fresh data suggest. Despite generally weak returns since the global financial crisis, hedge funds have enjoyed positive net inflows every year since 2010. This helped assets und