Mon, Apr 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 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

Banner
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. …And Finally – Flight attendant has passengers rolling in aisle[more]

    From Orange.co.uk: A video of a US flight attendant turning her safety talk into a comedy routine is proving a huge hit online. More than five million people have watched the clip of Marty Cobb which has her passengers rolling with laughter on a Southwest Airlines flight to Salt Lake City.

  2. Opalesque Exclusive: Classic Auto Funds Limited (CAF) launches several car investing funds[more]

    Bailey McCann, Opalesque New York: A new trend in alternative alternatives is emerging - car appreciation funds. Classic Auto Funds Limited (CAF) is the first to market with several funds that make super elite luxury cars into real asset investments. As a result of growing overseas demand couple

  3. Opalesque Exclusive: Hedge fund replicators evolve[more]

    Bailey McCann, Opalesque New York: Hedge fund replicators as a group of products tend to get a bad rap from hedge fund managers who suggest that the best a replicator can offer is dynamic beta capture. A

  4. SEC allows investment funds to use social media[more]

    Bailey McCann, Opalesque New York: The Securities and Exchange Commission (SEC) has released new guidance letting investment funds and advisors use social media to promote client reviews. The guidance seeks to assist investment managers in developing compliance policies and procedures reasonably

  5. University of Michigan allocates $242m to six managers[more]

    From PIonline.com: University of Michigan, Ann Arbor, invested or committed a total of $242 million to one traditional equity manager and five alternative investment funds from its $9 billion endowment. University regents approved the hire of Mittleman Investment Management to run $35 million in act