Fri, Jul 31, 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 37

Saturday, September 18, 2010

Benedicte Gravrand, Opalesque London:

Last week, we heard of launches from newly formed Little Wolf Capital (multi-strats FoHFs); CQS (distressed debt); Altegris Advisors (managed futures); Arsago Capital (Europe's first Ucits Latin America fund); Soroban (hedge fund); GAM (L/S emerging markets Ucits); Cheyne Capital (European event driven); BlueBay (emerging-market and high-yield debt funds); Clareville Capital (Ucits version of UK L/S equity strategy); James Pallotta (new fund).

Boston-based Theory Capitalclosed and wound down its small fund after less than a year, in part because of difficulty in raising new capital. Data provider HFR said hedge fund industry liquidations had returned to pre-crisis levels.

The Newedge CTA Index was up 3.49% in August, +4.76% YTD; The RBC Hedge 250 Index returned +0.17%, +0.38% YTD; The Barclay Hedge Fund Index went down 0.29% (est.) (+1.69% YTD), but the equity short bias and arbitrage strategies were profitable; and the Barclay CTA Index gained 1.48% (est.), 0.41% YTD; The Lyxor Global Hedge Fund Index returned +0.05%, +0.8% YTD; And Scotia Capital’s Canadian Hedge Fund Performance Index was up 3.71%, 5.39% YTD (asset weighted), and 2.09%, 2.94% YTD (equal weighted).

The top 10 global hedge fund managers have earned more than $153bn for investors since they were founded, a third of the 7,000-strong industry’s returns, said the FT; Renaissance Technologies will keep open two lagging funds which rebounded after all; GLG will reopen its UK Alpha Select UCITS Fund to limited new investment on 20 September; and billionaire Li Ka-Shing hired PineBridge to manage his assets after his son bought firm from AIG.

Chicago asset manager Citadel has opened a Boston office, where it is reportedly hoping to seed a new generation of hedge fund managers; also Citadel was said to consider fee cuts on two main hedge funds; and Ivaldi Capital, a new investment firm backed ......................

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: Despite bumpy June/July, CTAs hold on[more]

    Bailey McCann, Opalesque New York: To say that things have been rocky in managed futures recently is putting it mildly. In June, the industry saw its worst month on a performance basis in the past four years. Then yesterday,

  2. Investing - Hedge funds, seeing opportunity, invest in struggling hotels in Puerto Rico[more]

    From NYTimes.com: Puerto Rico’s tourism industry has fallen victim to the island’s struggling economy, hit by one misfortune after another. In March, the San Juan Beach Hotel filed for bankruptcy. This week, the Condado Plaza Hilton was forced to close its casino. But nearly two thousand miles away,

  3. Investing - Hedge fund billionaires bet on London as revival gathers pace[more]

    From Bloomberg.com: London’s fund industry is bouncing back, and U.S. billionaires Steven A. Cohen and Ken Griffin are grabbing a piece of the action. Griffin’s Citadel and Millennium Management, a hedge fund run by Israel Englander, have bulked up in London, where asset growth is outpacing the U.S.

  4. Bridgewater turns bearish on China[more]

    Komfie Manalo, Opalesque Asia: The world’s biggest hedge fund Bridgewater Associates and one of the most vocal of China’s potential is now turning its back against the world’s second largest economy as it joins a growing list of high-profile investors who are challenging China’s potentials.

  5. Opalesque Roundup: Hedge fund assets rose to 11th consecutive quarterly record level: hedge fund news, week 31[more]

    In the week ending 24 July, 2015, the total global hedge fund industry assets rose to the 11th consecutive quarterly record level in 2Q15 to $2.97tln; Eurekahedge reported that hedge funds raised $93bn in the first six months of 2015; The SS&C GlobeOp Forward Redemption Indicator for July 201

 

banner