Sat, Mar 28, 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 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. Other Voices: Does the hedge fund industry benefit society?[more]

    This article was authored by Don Steinbrugge, Chairman of Agecroft Partners, a US-based global consulting and third party marketing firm for hedge funds. It is no secret that the hedge fund industry is viewed negatively by a la

  2. Private credit comes into focus for investors[more]

    Bailey McCann, Opalesque New York: As investors look for a way out of the low yield/no yield environment, private credit is becoming an increasingly attractive asset class, according to a white paper from Bayshore Capital Advisors. Private credit has grown steadily since the financial crisis as

  3. M&A - Hedge funds no longer attractive targets for banks, reinsurers, Blackstone buys stake in Christopher Pucillo’s Solus event-driven hedge fund[more]

    Hedge funds no longer attractive targets for banks, reinsurers From Institutionalinvestor.com: Swiss RE, the world’s second-largest reinsurer, is looking to sell its 15 percent stake in Jersey, Channel Islands–based hedge fund firm Brevan Howard Asset Management. Morgan Stanley reported

  4. Opalesque Radio: Threadneedle expects continuing equity volatility this year[more]

    Benedicte Gravrand, Opalesque Geneva: Investors should expect more volatility, which is signaling a "slow moving" top to the market, KKM Financial’s founder and CEO Jeff Kilburg told CNBC on Monday. And this volatility is going

  5. Hedge funds show strong performance of 2.52% so far in 2015[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry got off to a strong start in 2015 "completely unmindful" of the poor performance last year, according to data provider Preqin. According to Preqin, following a year which saw the average he

 

banner