Wed, Feb 22, 2017
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 34

Saturday, August 28, 2010

Benedicte Gravrand, Opalesque London:

Last week, we heard of fund launches from new firm AlphaNex Capital (systematic hedge fund); Universal-Investment and York A.M. (global merger arbitrage absolute return Ucits fund); Bridgewater (more liquid version of hedge fund); Ayaltis (distressed credit FoHFs); Key A.M. (Newcits); and eStats (high frequency futures trading).

Paolo Pellegrini, CEO of New York-based PSQR Capital, announced he would close down and redeem money to investors on September 30 after his fund fell 11% this year, despite gaining more than 60% in 2009.

The Morningstar 1000 Hedge Fund Index rose +2.7% in July (0.4%YTD), as funds saw outflows of $1.6bn in the first half of year.

Not much news this week, but a lot of digging in the past instead: Jon Wood, founder of the SRM Global hedge fund was revealed to have been the second most generous Tory donor during the recent UK election; listed fund Brevan Howard reported revenues of more than $1bn for the first time and it was made known that partners at the firm had shared a GBP86m bonus during the financial crisis; and at last, Forbes reported that Yorkville Advisors had handed over key documents to SEC in 2009 to aid a probe.

The Merrion High Alpha hedge fund opened to outside investors; Moody Aldrich Partners and Wilshire Associates teamed up to launch a hedge fund seeding platform; fund manager Jupiter was in the black in H1 with GBP14.6m profit, but suffered outflows from hedge funds; Hedgebay reported that illiquid trading had dominated as the secondary market awaited the retu......................

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. People - Kuwait wealth fund head Al Saad said to step down after 14 years[more]

    From Bloomberg.com: Kuwait Investment Authority is set to name Farouk Bastaki as managing director, replacing Bader Al Saad who ran the world's fifth-largest sovereign wealth fund for 14 years, a person familiar with the matter said. The KIA, as the fund is known, is finalizing the appointment, said

  2. Manager Profile - Eddie Lampert: a painful entanglement with Sears[more]

    From Moneyweek.com: "In the long run we are all dead." Lex in the Financial Times reached for the famous quote from John Maynard Keynes in January when, after a long and unforgiving decline, the clock finally appeared to be running out on Sears, the iconic US department store group. Yet the group's

  3. Investing - Hedge funds quit Aberdeen shorts as shares begin to recover, Hedge funds' next big short: U.S. malls, O'Connor fund owns 9.5% of Protalix Biotherapeutics, U.S. hedge fund takes position in Macau hotel The 13[more]

    Hedge funds quit Aberdeen shorts as shares begin to recover From Investmentweek.co.uk: The last two hedge funds to short Aberdeen Asset Management have removed their positions, as the fund group's shares begin to show signs of recovery after a difficult few years. According to the Financ

  4. Latin America, high yields and Asia Pacific strategies dominate hedge fund returns in January[more]

    Komfie Manalo, Opalesque Asia: Latin America (+7.04%), high yield (5.63%), and Asia-Pacific (+5.06%) strategies dominated hedge fund performance in January, data provider Hennesee Fund Research said. The bottom three strategies for the mont

  5. Investing - Hedge funds loading up on this dividend stock, The biggest hedge funds have been piling into bank stocks[more]

    Hedge funds loading up on this dividend stock From Incomeinvestors.com: Hedge funds are backing up the truck on Cameco Corp stock. Billionaire Jim Simons owns 389,000 shares. Other Wall Street titans - including Ray Dalio, Ken Griffin, and Chuck Royce - have been quietly building positio