Fri, Nov 27, 2015
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 30

Saturday, July 31, 2010

Benedicte Gravrand, Opalesque London:

Last week, we heard of launches from Glazer Capital (M&A); new firm H2O Asset Management; Martin Currie (3 Ucits absolute alpha funds); Superfund (Japan); the Economic Time Bond Fund (fixed income L/S); KingFisher (global macro); and John Liu (quant China).

The Morningstar 1000 Hedge Fund Index fell 3.6% in Q2, down 2.2% YTD; and the Greenwich Composite Investable Index was down 0.85% in June, -1.50% YTD.

According to the latest AsiaHedge New Funds Survey, there were 53 new Asia-Pacific hedge funds raising a combined $2.13bn in assets in H1-2010; some FoHFs are still denying clients access to big chunks of their cash almost two years after the nadir of the credit crisis, said S&P Fund Services; last year, institutions for the first time accounted for an absolute majority of hedge fund AuM, AIMA told the FT; FoHFs house and bank UBP recorded net earnings of CHF103m in H1-10 and its AuM stabilized at CHF71.9bn; and the Osmium Special Situations Fund will close to new investors once it reaches $500m.

Seeder FRM Capital Advisors will invest in New York-based Varna Capital’s first hedge fund; Singapore's Target Asset Management will wind down its $2bn hedge fund as founder Teng Ngiek Lian plans to retire; Propel Capital is to resurrect a fund IPO and give Canadian holders indirect access to J. Paulson’s trading strategies; Polygon is seeking to reinvent itself two years after winding down its flagship fund; hedge fund operator RAB Capital slashed its dividend to conserve cash; Hedgebay said the secondary market had rebounded from May’s low and ‘near-par’ trading saw its index rise 8%; eight people left AHL, Man Group’s flagship computer-driven hedge fund responsible for three quarters of its profits, Financial News reported; and a ......................

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: Hedge fund marketing and the selling cycle[more]

    By Bruce Frumerman. How long is the selling cycle now? That’s a question my financial communications and sales marketing consulting firm has been asked on a regular basis by hedge fund firm owners and sales people, ever since we opened the doors to our firm in 1987 pre-crash. Wa

  2. People - Solus Alternative Asset Management adds chief strategist from BTIG[more]

    From Daniel Greenhaus joined hedge fund manager Solus Alternative Asset Management as managing director and chief strategist. He will work closely with Chris Bondy, Solus’ chief economist, managing director and executive vice president, said Chris Pucillo, CEO and chief investmen

  3. Opalesque Roundtable: Seeding deal terms can be onerous for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Executives from fund of funds firms, family offices, a placement agent, a private equity firm, and an accounting firm gathered in Connecticut last month for the

  4. Opalesque Roundtable: Family offices flock to co-investment[more]

    Bailey McCann, Opalesque New York: Co-investments have been a hot topic for pension funds in recent years, as they try to move away from high fees and improve transparency. But now, family offices are more readily getting into the mix and establishing in-house deal teams, according to the delega

  5. More institutional investors invest in CTAs compared to last year despite dissatisfaction with performance[more]

    Benedicte Gravrand, Opalesque Geneva: "Despite a strong start to 2015 for CTAs in Q1, commodity market conditions have made return generation difficult for fund managers over much of the rest of the year to date," says Preqin’s November