Mon, Apr 21, 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 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

Banner
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: Classic Auto Funds Limited (CAF) launches several car investing funds[more]

    Bailey McCann, Opalesque New York: A new trend in alternative alternatives is emerging - car appreciation funds. Classic Auto Funds Limited (CAF) is the first to market with several funds that make super elite luxury cars into real asset investments. As a result of growing overseas demand couple

  2. Investing – Big hedge funds bought Puerto Rico's junk bonds, Fidelity explores new trading venue amid flash trade concerns, Crisis-era Greek bonds reward early buyers with big effective returns, Cargill unit discloses stake in Freddie preferred[more]

    Big hedge funds bought Puerto Rico's junk bonds From Reuters.com: Several large hedge funds doubled down on Puerto Rico in last month's giant bond sale despite the U.S. territory's financial struggles, the Wall Street Journal reported, citing confidential documents reviewed by the newspa

  3. Opalesque Exclusive: Hedge fund replicators evolve[more]

    Bailey McCann, Opalesque New York: Hedge fund replicators as a group of products tend to get a bad rap from hedge fund managers who suggest that the best a replicator can offer is dynamic beta capture. A

  4. Opalesque Exclusive: Pensions, endowments, family offices reconsider life settlement investments[more]

    Bailey McCann, Opalesque New York: Hedge funds were once the largest investors in the life settlement industry, now the industry is seeing more interest from pensions, endowments and family offices directly. Life settlements have always been considered a niche part of the investing landscape, an

  5. SEC allows investment funds to use social media[more]

    Bailey McCann, Opalesque New York: The Securities and Exchange Commission (SEC) has released new guidance letting investment funds and advisors use social media to promote client reviews. The guidance seeks to assist investment managers in developing compliance policies and procedures reasonably