Mon, Sep 22, 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 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. SEC charges 19 investment firms and one trader for breach of Rule 105[more]

    Benedicte Gravrand, Opalesque Geneva: The Securities and Exchange Commission (SEC) started a push to enhance the enforcement of Rule 105 of Regulation M last year to uncover hedge funds and private equity firms that have illegally participated in an offering of a stock after short selling it duri

  2. Fund managers, bullish on Europe, anticipate monetary policy separation of Fed and ECB[more]

    Komfie Manalo, Opalesque Asia: At least 202 fund managers with $556bn of assets under management said that while the European Central Bank (ECB) has eased its monetary policy that sent sentiments towards Europe to pick up, the Fed is expected to hike its rate in the spring of 2015. Investor

  3. Institutions - North Carolina workers call on state pension to dump up to $6bn in hedge funds, UK pension fund criticizes hedge fund fees[more]

    North Carolina workers call on state pension to dump up to $6bn in hedge funds From Forbes.com: The State Employees Association of North Carolina this afternoon called on state Treasurer Janet Cowell to withdraw all investments in hedge funds, which appear to amount to approximately $6 b

  4. 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

  5. News Briefs - Limited partners of investment managers may be subject to self-employment taxes, Just one week left until NYC's Rocktoberfest[more]

    Limited partners of investment managers may be subject to self-employment taxes On September 5, 2014, the Internal Revenue Service (“IRS”) issued Chief Counsel Advice 201436049, concluding that members of an investment manager were subject to self-employment taxes with respect to their e