Fri, Nov 28, 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 29

Friday, July 23, 2010

Benedicte Gravrand, Opalesque London:

Last week, we heard of launches from Metolius Capital (global macro); Wegelin (CTA); Gottex (fund of UCITS hedge funds); Trivest Advisors (China); family office GWM (Ucits III hedge fund); Sprott (L/S fixed income fund); John Paulson and Barton Biggs (Traxis) are to launch Ucits-compliant versions of their main funds; Ramius (hedge fund replicator mutual fund); new firm Occitan Capital; and NewSmith (emerging markets absolute return Ucits III).

The Barclay Hedge Fund Index was down -0.96% in June (+0.13% YTD), its FoFs Index -0.74% (-1.34% YTD); and the Barclay CTA Index gained 0.24% (-1.04% YTD), with currency and agricultural traders leading the pack.

Hedge funds experienced net assets inflows of $9.5bn in Q2 as consolidation in top firms continued, and total hedge fund industry capital ended Q2 at $1.65tn, down from $1.67tn in Q1, according to data provider HFR; according to Nara Capital SA, the number of UCITS III hedge funds continued to grow during Q2 2010 (500 single manager funds and 40 FoHFs) and in term of AUM, Q2 saw a rise of Eur13bn for single manager funds and Eur0.8bn for FoHFs or respectively 19% and 50%.

BlackRock reported Q2 diluted EPS of $2.21 and AuM of $3.151tn (down 6% from Q1); Polar Capital (which ran nearly $4bn in late 2007) said its AuM rose 2.5% in Q2 to $2.6bn; and GLG Partners reported net inflows of $1.5bn for Q2 and $2.5bn for H1.

Julian Robertson is considering reopening Tiger Management and creating a ‘seeding’ fund of hedge funds; Skybridge Capital, which acquired three hedge fund businesses from Citigroup in April, said it plans to consolidate its hedge fund seeding operations and list it on the New York ......................

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. Unlucky Paulson & Co. rebrands $1.6bn Recovery Fund after 13% drop[more]

    From Businessweek.com: A maturing U.S. economic recovery is prompting Paulson & Co. to change course. The $19 billion hedge fund firm, led by billionaire John Paulson, told investors on a conference call this month that the Paulson Recovery Fund will be renamed Paulson Special Situations Fund on Jan

  2. Opalesque Roundtable: Islamic Finance races ahead with Sukuk, the first managed account platform, and foreign demand[more]

    Komfie Manalo, Opalesque Asia: A number of developments took place within Islamic finance in the past years, including the launch of a Islamic managed account platform and the further growth of the sukuk space that saw this instrument evolve from being a type of an ABS security that was rarely

  3. CTAs , event-driven strategies lead hedge funds recovery in mid-November[more]

    Komfie Manalo, Opalesque Asia: November’s performance proves to be in sharp contrast to the previous month, with equities further consolidating their upswing last week, according to the latest Lyxor Asset Management’s Weekly Brief. CTA funds als

  4. Fund Profile - A complex hedge fund strategy works for United Technologies[more]

    From Institutionalinvestor.com: Reports that portable alpha is dead have been greatly exaggerated, as Mark Twain might have phrased it. Another Connecticut Yankee, giant United Technologies Corp., is gearing up to grow its successful, nearly decade-long portable-alpha program. The UTC strategy took

  5. Opalesque Exclusive: The unintended consequences of Basel III[more]

    Benedicte Gravrand, Opalesque Geneva: Bijesh Amin, co-founder and managing director of Indus Valley Partners (IVP), a technology solutions and services firm focused on the alternative asset management industry, has recently observed