Wed, Jul 1, 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 33

Saturday, August 21, 2010

Benedicte Gravrand, Opalesque London:

Last week, we heard of fund launches from Voras Capital (global macro + credit opps); Morgan Stanley / P. Schoenfeld (event driven Ucits); Jabre Capital and Carne Global (first in a series of UCITS funds); Anchor Capital (Long/Short); Strategic Investments Group (Ucits fund investing in alternative strategies); and Legg Mason (global macro Ucits).

This month alone, we also heard of UCITS hedge fund launches from Morgan Stanley, Reech Aim and GWM. In July, Martin Currie, NewSmith, John Paulson, Barton Biggs, Gottex, Northern Trust, Henderson, Neuberger Berman, Natixis, all reportedly went down the UCITS road. And the number of UCITS III hedge funds continued to grow during Q2-2010 to almost 500 single manager funds and more than 40 FoHFs, an increase of 19% and 40% respectively. But UCITS are 'not a magic potion that makes the fund in question incapable of failure', said Ogier.

Eddington Capital Management is to close down after redemptions caused assets to fall to a level that was "unsustainable," reported The Telegraph; investors in Marshall Wace's £200m ($311m) listed investment fund MW Tops fund may have voted for its winding up, said the FT; and hedge-fund icon Stanley Druckenmiller is shutting his firm Duquesne Capital, ending a 30-year career after amassing one of the best long-term trading records in the industry and generating $1bn for George Soros by forcing a devaluation of the British pound, said Bloomberg; other portfolio managers at the firm are planning to start their own hedge fund firm.

The RBC Hedge 250 Index returned 0.90% in July, 0.25% YTD; The HFRX Global Hedge......................

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 systematic strategy managed alongside research firm outperforms S&P500[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging CTA manager explains how he runs his strategy, which is based on an index produced by a research firm. Peter Turk is head of

  2. Larry Robbins' hedge fund Glenview buys 1m Tenet Healthcare shares[more]

    Komfie Manalo, Opalesque Asia: Glenview Capital Management said it bought an additional 979,482 shares at Tenet Healthcare Corp valued at $53.80 million, raising its stakes in the healthcare services company to 15.16%, reported

  3. Hedge funds panic over Greece[more]

    Komfie Manalo, Opalesque Asia: Some investors are in panic mode as Greek Prime Minister Alexis Tsipras announced Sunday night that the banks and the stock market would be closed Monday, said

  4. Alternative investment industry could grow to $13.6tln in five years[more]

    Komfie Manalo, Opalesque Asia: Leading auditing and advisory group PwC said that the global alternative investment industry, which includes hedge funds, private equity and real assets, is set to increase to $13.6tln within the next five years. "Be

  5. Qbasis gets $200m-plus investment in 'black swan' hedge fund[more]

    From Reuters.com: A hedge fund that more than doubled clients' money during the 2008 financial crisis has attracted more than $200 million from an investor aiming to cash in on fresh ructions in global markets. Qbasis Invest has secured the investment from Britain's Omada Capital, Florian Wagner, wh

 

banner