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,......................
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