Sun, Apr 26, 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 26

Saturday, July 03, 2010

Benedicte Gravrand, Opalesque London:

Last week, we heard of fund launches from Nicholas Maounis (hedge fund); Gramercy (3 EM debt strategies); Duet AM (commodities hedge fund); Anchor Point (commodities FoHFS); and Henderson (Newcits currency).

The Greenwich Composite Investable Index was down 2.18% in May, -0.69% YTD; and the Morningstar 1000 Hedge Fund Index declined 4% (est.), -1.8% YTD. Morningstar also announced asset outflows of $1.7bn in April.

Hedge fund investors pulled $11bn from hedge funds (from market-neutral, event-driven, managed futures and multi-strategy funds) in the first quarter of 2010, reversing fourth quarter assets inflows, according to Lipper; and hedge funds lost $66.87bn in May but investor inflows remain positive at $2.13bn, said HFN.

Man Group is introducing two new strategies to AHL alongside its core momentum-based, trend-following approach; it was said that four GLG employees will collect $13.5m in severance pay if they are asked to leave after the takeover by Man; it was also said that the the global macro strategy would gain from volatility and macroeconomic imbalances in 2010; a group of Lehman Brothers Holdings Inc's creditors, including Paulson & Co and Calpers, said they object to the investment bank's Chapter 11 bankruptcy plan; and hedge fund giant Farallon Capital is restructuring more than $1.5bn in debt stemming from a big bet on trailer parks. Brevan Howard’s Alan Howard moved to Geneva with three traders and six more are to follow.

As for institutions, Austria’s APK Pensionskasse is to increase absolute return investments; German technology multinational Bosch is close to achieving its 10% strategic asset allocation to alternatives for its Pensionsfonds, said IPE.com; and New York State’s pension fund allocated $200m to The Rock Creek G......................

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. U.S. does not want hedge funds to invest in offshore re-insurers for tax purposes[more]

    Komfie Manalo, Opalesque Asia: The U.S. Treasury Department on Thursday introduced a new rule aimed at limiting hedge funds’ ability to reduce their tax bills by investing in insurance companies in offshore tax havens. As a general rule, the U.S. tax laws does not allow hedge funds to use off

  2. Ruling: Hedge funds suing Argentina can have access to bond offering details[more]

    Komfie Manalo, Opalesque Asia: U.S. District Judge Thomas Griesa in Manhattan ruled yesterday that hedge funds are entitled to details of a recent bond offering by Buenos Aires, reports

  3. Fund managers express concern of overvaluation in both equity and bond markets[more]

    Komfie Manalo, Opalesque Asia: According to the BofA Merrill Lynch Fund Manager Survey, investors see growing overvaluations in both

  4. Update: Wall Street has strong feelings about Jon Corzine trying to make a comeback[more]

    From Businessinsider.com.au: Former New Jersey Governor Jon Corzine is thinking about starting his own hedge fund, according to the Wall Street Journal, and because of the way his last firm imploded, Wall Street has strong feelings about that. “Truth is the larger seeders would never give him money

  5. Opalesque Exclusive: Cybersecurity and hedge funds - A manager’s experience, Part Four[more]

    Benedicte Gravrand, Opalesque Geneva: Ruane, Cunniff and Goldfarb, Inc. used to have their own IT infrastructure. Todd Ruoff, Executive Vice President in charge of trading, operations and technology, was responsible for its maintenance. Then he started looking at outsourced providers a couple of

 

banner