Tue, Jun 27, 2017
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. Legal - Bond market concerns could scuttle Paulson's Fannie-Freddie plan[more]

    From Bloomberg.com: A hedge fund proposal for freeing Fannie Mae and Freddie Mac from U.S. control is poised to face stiff opposition from investors who say it risks wrecking the mortgage-bond market. The Moelis & Co. blueprint, which firms including Paulson & Co. and Blackstone Group LP sponsored,

  2. Other Voices: Are your pricing policies and procedures for less liquid instruments adequate?[more]

    Komfie Manalo, Opalesque Asia: The unrelated position mismarking incidents that quickly precipitated the closures of both Visium Asset Management and Marinus Capital have been recent focal points for market participants, but regulatory scrutiny of valuation choices for less liquid instruments is

  3. FinTech - AI hedge fund Numerai now live on Ethereum, Cryptocurrency hedge funds generate huge returns as bitcoin surges[more]

    AI hedge fund Numerai now live on Ethereum From Cryptoninjas.net: Back in February, Numerai announced numeraire (NMR), a cryptographic token to incentivize a new kind of hedge fund built by a network of data scientists. Earlier today, the Numeraire smart contract was officially deployed

  4. Investing - Advisors slash hedge fund positions, Theravance Biopharma is a top pick of investment guru Seth Klarman, As asset management industry grows a search for new revenue streams[more]

    Advisors slash hedge fund positions From Barrons.com: Financial advisors have cut wealthy clients' exposure to hedge funds by up to one third over the past 12 months, The Financial Times reports. Advisor firms in the FT's annual top-300 ranking have reduced their hedge fund allocation to

  5. Investing - U.S. hedge fund in anonymous bet against Tesco shares, Hedge funds made repeated attempts to invest in Veneto banks, Steve Cohen's Point72 takes stake in struggling electronics retailer Conn's, Hedge fund Excalibur bets Riksbank will tighten by end of year[more]

    U.S. hedge fund in anonymous bet against Tesco shares From FT.com: A $20bn New York hedge fund is using an offshore shell company to anonymously bet against the shares of the UK supermarket Tesco, raising fresh questions over the efficacy of European short selling disclosure rules.