Wed, Feb 22, 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 24

Saturday, June 19, 2010

Benedicte Gravrand, Opalesque London:

Last week, we heard of fund launches from Galaxy (Ucits China L/S fund); SIG and Permal (Ucits multi-advisor active trading fund); Alternative Advisors (Ucits FoFs); RocWood Capital (event driven); Ibbotson (global liquidity arbitrage); TT International (new hedge fund); Polar Capital (global healthcare); Tamalpais (credit market neutral); new firm Verno Investment Management (Russia); Libya-backed new firm FM Capital Partners (new hedge fund); GoldenTree A.M. (which is spinning off its real estate fund group and will launch two opportunity funds); StoneWater (multi-strat FoHFs); NewAlpha (hedge fund seeding vehicle for institutional investors); and Threadneedle (American absolute return Ucits).

Orkla made a "strategic decision" to close its Eur85m ($105m) Energy Fund and Carbon Fund; Stanley Ku’s Minerva Macro Fund returned most investors' money 10 months after starting; and Marshall Wace is proposing to close its GBP130m listed investment trust MW Tops Ltd and instead roll investments into an unlisted Ucits portfolio.

The HFRX Global Hedge Fund Index was confirmed down 2.62% in May, -0.26% YTD; The RBC Hedge 250 Index returned -2.42 %, 0.29% YTD; The Barclay Hedge Fund Index was down 3.09% (est.), 1.26% YTD, as equity funds lose ground as markets dropped; The Credit Suisse/Tremont Hedge Fund Index posted final returns of -2.76%, 1.48% YTD; The Barclay CTA Index was down 0.77% (est.), -0.99% YTD, as managed futures sectors showed divergence; All EDHEC indices were negative for May except for Short-Selling; And the Scotia Capital Canadian Hedge Fund Index (asset weighted) finished May down 0.86%, +3.47% YTD.

Hedge funds are set to enjoy three to five years of growth that will take assets to $3tn by 2013 as wealthy families and pension funds increase allocations, said consultancy firm Casey Quirk; investors poured $4.2bn into absolute return mutual funds in this year’......................

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. People - Kuwait wealth fund head Al Saad said to step down after 14 years[more]

    From Bloomberg.com: Kuwait Investment Authority is set to name Farouk Bastaki as managing director, replacing Bader Al Saad who ran the world's fifth-largest sovereign wealth fund for 14 years, a person familiar with the matter said. The KIA, as the fund is known, is finalizing the appointment, said

  2. Manager Profile - Eddie Lampert: a painful entanglement with Sears[more]

    From Moneyweek.com: "In the long run we are all dead." Lex in the Financial Times reached for the famous quote from John Maynard Keynes in January when, after a long and unforgiving decline, the clock finally appeared to be running out on Sears, the iconic US department store group. Yet the group's

  3. Investing - Hedge funds quit Aberdeen shorts as shares begin to recover, Hedge funds' next big short: U.S. malls, O'Connor fund owns 9.5% of Protalix Biotherapeutics, U.S. hedge fund takes position in Macau hotel The 13[more]

    Hedge funds quit Aberdeen shorts as shares begin to recover From Investmentweek.co.uk: The last two hedge funds to short Aberdeen Asset Management have removed their positions, as the fund group's shares begin to show signs of recovery after a difficult few years. According to the Financ

  4. Latin America, high yields and Asia Pacific strategies dominate hedge fund returns in January[more]

    Komfie Manalo, Opalesque Asia: Latin America (+7.04%), high yield (5.63%), and Asia-Pacific (+5.06%) strategies dominated hedge fund performance in January, data provider Hennesee Fund Research said. The bottom three strategies for the mont

  5. Investing - Hedge funds loading up on this dividend stock, The biggest hedge funds have been piling into bank stocks[more]

    Hedge funds loading up on this dividend stock From Incomeinvestors.com: Hedge funds are backing up the truck on Cameco Corp stock. Billionaire Jim Simons owns 389,000 shares. Other Wall Street titans - including Ray Dalio, Ken Griffin, and Chuck Royce - have been quietly building positio