Sat, May 30, 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 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. Opalesque Exclusive: New TMT hedge fund adopts the long-term approach[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Adam Parker founded Center Lake Capital LLC in New York in November 2014. Before that, he was portfolio manager at Point State Capital (the successor fund to Dr

  2. Regulatory - Hedge funds face tax as Iceland poised to end capital controls, Comment: Why alternatives need more transparency, not enforcement[more]

    Hedge funds face tax as Iceland poised to end capital controls From Bloomberg.com: Hedge funds and other investors who bought claims against Iceland’s failed banks face a tax that targets the lenders’ estates as the government prepares to unveil its plan for exiting capital controls in t

  3. Investing - Nelson Peltz’s Trian Fund Management reduces position in Legg Mason, Biotech investors up big amid bubble talk, Hedge funds increase exposure in healthcare[more]

    Nelson Peltz’s Trian Fund Management reduces position in Legg Mason From Octafinance.com: Trian Fund Management has filled a SC 13D/A form regarding Legg Mason, Inc. Per Nelson Peltz’s Trian Fund Management’s filing, the filler reported decreased stake in the company by -11.05% to 11,03

  4. All hedge fund strategies rebounded last week as market conditions normalize[more]

    Komfie Manalo, Opalesque Asia: After a difficult start this month, all hedge fund strategies ended last week in positive territory, as the Lyxor Hedge Fund Index gained 0.9% (-0.2% MTD, 3.3% YTD). According to Lyxor AM’s latest Weekly Briefing, in t

  5. Billionaire hedge fund investor Odey says April 'bloody', has cut risk[more]

    From Reuters/Yahoo.com: Billionaire hedge fund manager Crispin Odey has cut risk and leverage following a stunning 19.3 percent loss in his 3.1 billion euros (2 billion pounds) Odey European Inc fund in April, a letter to investors seen by Reuters showed. Describing the month as "bloody", Odey

 

banner