Tue, Sep 16, 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

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. Investing - Big hedge funds show interest in Alibaba, Maglan joins other hedge funds in rush to Argentinian assets[more]

    Big hedge funds show interest in Alibaba From Hereisthecity.com: …Three other major hedge fund investors who have shown interest in the IPO are Dan Loeb of Third Point, David Tepper of Appaloosa Management and Dan Benton of Andor Capital Management. All three were among the roughly 800 p

  2. Investors looking at other sources for hedge fund-like returns[more]

    Komfie Manalo, Opalesque Asia: Investors who are always on the lookout for higher gains are looking at alternative sources of income, particularly exchange-traded fund industry that generates hedge fund-like returns, according to

  3. SEC charges Minnesota hedge fund manager with fraud[more]

    Bailey McCann, Opalesque New York: The SEC has brought charges against Minneapolis-based hedge fund manager, Steven R. Markusen for bilking investors out of fees and portfolio pumping. According to the complaint, the management fees earned by Archer Advisors LLC were shrinking due to the funds’ w

  4. …And Finally – Immature[more]

    From Newsoftheweird.com: Princeton University professor John Mulvey, 67 (who teaches financial engineering applications), was charged in July with stealing 21 yard signs around the town of Princeton -- signs for a computer repair business owned by a man with whom he was feuding. Nathan McCoy,

  5. Investors move capital out of Scotland ahead of referendum[more]

    Benedicte Gravrand, Opalesque Geneva: Ahead of Scotland’s independence referendum on September 18, asset managers, investors and pension savers are moving billions of pounds out of the country,