Wed, May 25, 2016
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. Paul Tudor’s hedge fund trims fee amidst poor performance, keep investors[more]

    Komfie Manalo, Opalesque Asia: Paul Tudor’s $11.6bn hedge fund firm Tudor Investment Corp. announced on Monday it would slash down fees of one of its biggest fund to 2.25% of assets and 25% of profits amidst backlash arising from poor performa

  2. Ares Capital to buy American Capital in $3.4 billion deal[more]

    From PIOnline.com: Ares Management's business development company Ares Capital Corp. is buying troubled BDC American Capital for $3.43 billion, said a joint news release by the BDCs and another release by Ares Management. Ares Capital Corp.'s assets are expected to grow to about $13.2 billion when t

  3. West Virginia objects to Alpha Natural sale to hedge fund[more]

    From AP/Heraldcourier.com: West Virginia's environmental authority has filed an objection to the proposed $500 million sale of Alpha Natural Resources' assets to a hedge fund, arguing that the deal could leave the state holding hundreds of millions in reclamation liabilities. The Register-Hera

  4. Launches - Man Group and American Beacon launch new emerging debt fund, Nikko AM launches new Japan equity UCITS fund[more]

    Man Group and American Beacon launch new emerging debt fund American Beacon Advisors, an experienced provider of investment advisory services to institutional and retail markets, launched the American Beacon GLG Total Return Fund today. The Fund became effective May 20. The America

  5. Mitch Petrick leaves Carlyle as his hedge fund unit suffers losses while assets expand[more]

    Komfie Manalo, Opalesque Asia: Mitch Petrick will be leaving Carlyle Group as head of its hedge funds unit overseeing about $34bn as of March 31, after several funds under his management suffered losses while assets expanded, various media reported. Petrick joined Carlyle in 2010 and was a former