Tue, Oct 25, 2016
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 27

Saturday, July 10, 2010

Komfie Manalo, Opalesque Asia:

Last week, we heard of fund launches from C12 Capital Management (new fund); Shengbei Guo’s GSB Podium Advisors (GSB Statistical Arbitrage Fund statistical arbitrage); new firm Chartwell Trading (event-driven); Natixis (Ucits III): Oakley Alternative Investment Management (FoHF); Fondaco SGR SpA (L/S Equity and absolute return); Skandia Investment Group (SIG) re-launched Skandia Ethical Fund; Credit Suisse Group AG to spin-off two credit hedge funds; and Neuberger Berman (Ucits global thematic).


VR Capital Group Ltd. closed two funds valued at $654m because of poor performance.


Hennessee’s indices declined in June. The Hennessee Hedge Fund Index fell -1.35% in June (+0.20% YTD) HFRI Fund Weighted Composite Index, declined -0.18% in June, -0.18 YTD Lyxor Global Hedge Fund Index returned-0.59% in June, +0.09% YTD HFRX Global Hedge Fund Index declined by -0.94% (est.) in June, -1.20% YTD Ucitsindex.com: UCITS HFS Index dropped -0.15% in June, up 1.89% YTD Nara Capital's UCITS Alternative Index Global fell -0.69% in June, -0.80% YTD Credit Suisse Liquid Alternative Beta (LAB) Index returned -0.4% in June, 0.12% YTD.


International financial services firm Rothstein Kass said that majority of hedge fund firms believe 2010 would be a “trying year” for assets building but remain optimistic; June was relatively flat for the hedge fund industry. Hedge Fund Research Inc said that the $2ln hedge fund industry lost 0.94% in June but most hedge funds dodged big losses; the HFN said hedge funds lost 0.51% in June (+0.40% YTD) as investors withdrew $2.45bn;


In terms of performance, Man Group's assets declined 2.3% with FuM now at $38.5bn; John Paulson lost 6.9% in June in his Advantage Plus hedge fund which brought his first-half decline to 8.8%, but he remains bullish despite losses; Och-Ziff Capital Management LLC assets los......................

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. M&A - U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga, Hedge fund Parvus shows hand, toppling William Hill merger deal[more]

    U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga From Thisismoney.co.uk: The fierce battle to buy Britain's biggest private equity group has come to an unexpected conclusion, with the original bidder walking away with the prize. SVG Capital has agreed

  2. Marc Lasry: Energy is still a phenomenal opportunity[more]

    From CNBC.com: Distressed debt specialist Marc Lasry said energy debt is still a "phenomenal opportunity" because investors can get "massively overpaid" for the risk they take on. There are "huge opportunities" in the energy sector especially in restructurings, the Avenue Capital Group CEO said Tues

  3. Opalesque Exclusive: Ex-SAC manager re-emerges with market neutral hedge fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: A manager re-emerged from the SAC battleground last year to launch his own hedge fund under the umbrella of New York-based investment firm Endicott Group.

  4. North America - Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation, Billionaire hedge fund titans Dinan, Lasry on election, markets and best investment ideas[more]

    Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation From Marketwatch.com: Kyle Bass, founder of Hayman Capital Management, on Wednesday warned that the U.S. is headed toward so-called stagflation. Stagflation is typically described as persistently high inflation and hi

  5. David Einhorn speaks on passive investing, Mylan, his cheapest stock, the Fed[more]

    From Forbes.com: Greenlight Capital hedge fund manager David Einhorn (Trades, Portfolio) joined nine other famed investors on Tuesday to talk about stocks at the annual Great Investors’ Best Ideas Investment Symposium in Dallas. Presenters at the annual conference typically pitch one or severa