Wed, Jul 29, 2015
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 25

Saturday, June 26, 2010

Benedicte Gravrand, Opalesque London:

Last week, we heard of fund launches from Winton (UCITS version of flagship Diversified Program); RWC Partners (UCITS III pan-European long/short equity); new firm Soroban Capital; Fortitude (retail version of flagship); AMCL (special opps); Astenbeck (commodities); Blackcube (first hedge fund); Hylas Capital (event driven); Redwood (euro-zone crisis); RSR Capital (Asia arbitrage); and IBK Securities and Financial Risk Management (FoHFs).

Credit Suisse and Dow Jones Indexes signed an agreement which covers the calculation, licensing, branding and marketing of the hedge fund indexes formerly known as the Credit Suisse/Tremont Hedge Fund Indexes; and Eurekahedge launched a Ucits hedge fund database and index.

Event-driven funds are back in favour with net asset inflows ($5.6bn in Q1) for the first time since 2007, according to data provider HFR; macro hedge funds pulled in $2.5bn through April, according to data provider BarclayHedge; UCITS fund’s inflows totalled Eur49b in Q1-10, said the European Fund and Asset Management Association; high-net worth individuals increased their allocations to hedge funds to by 3% in 2009, found the latest World Wealth Report by Merrill Lynch and Capgemini Consulting (which also said that Asian millionaires had grown to match the HNW population in Europe); and global AuM rose 12.3% in 2009 to $49tn as fiscal and monetary stimulus triggered a stock market surge, but Europe's sovereign debt crisis is clouding the outlook for money managers in 2010, said consultancy firm Cerulli.

Credit Suisse/Tremont said May’s negative hedge fund performance had been impacted by a rise of volatility a......................

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. Bridgewater turns bearish on China[more]

    Komfie Manalo, Opalesque Asia: The world’s biggest hedge fund Bridgewater Associates and one of the most vocal of China’s potential is now turning its back against the world’s second largest economy as it joins a growing list of high-profile investors who are challenging China’s potentials.

  2. Launches - Ex-Brevan Howard star Rokos builds team for new fund, Former Och-Ziff manager’s firm starts health care hedge fund, Industry veterans launch commodity investment firm Aron Capital Management, Nikko Asset Management launches two UCITS funds, Capital Group plans to debut Asian investor targeted fund[more]

    Ex-Brevan Howard star Rokos builds team for new fund From WSJ.com: Chris Rokos, a former star trader at Brevan Howard Asset Management LLP, has hired an economist from Nomura to join the team he’s assembling for his much anticipated hedge fund launch. Mr. Rokos, whose firm is due to b

  3. Institutions - Pension fund dismisses Texas consultant, Rhode Island pension fund gets 2.2% investment return, far below assumed rate of 7.5%, New Jersey pension investments see a drop-off in returns[more]

    Pension fund dismisses Texas consultant From Sandiegouniontribute.com: The county retirement board on Thursday terminated the Texas consultant who was given the reins of the $10 billion pension fund, and whose investment picks left many employees and retirees feeling taken for a ride.

  4. SWFs - Sovereign wealth funds paid around $14 billion in fees[more]

    From SWFinstitute.org: When it comes to the financial sector, asset management is one of the most profitable industries in the world. The Boston Consulting Group put out a 2014 figure saying there is US$ 74 trillion worth of professionally-managed assets. One of the fastest growing institutional inv

  5. Investing - Carlyle teams with TCW in push for ordinary investors[more]

    From Bloomberg.com: Carlyle Group LP isn’t backing down from its goal of offering alternative strategies to the masses, despite early setbacks. The Washington-based firm is teaming up with TCW Group, which is majority owned by Carlyle funds, to offer three vehicles that give ordinary investors acces

 

banner