Thu, Jul 31, 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 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 Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm

  2. Hedge fund manager Winton Capital making headway with long-only strategy[more]

    From PIonline.com: North American investors are helping Winton Capital Management Ltd. make progress — albeit slowly — toward its founder's goal of becoming a $100 billion company. The firm's ticket to quadrupling its assets under management is unlikely to be one of its scientifically designed manag

  3. Opalesque Radio: Now is a good time to buy protection cheaply in the options market[more]

    Benedicte Gravrand, Opalesque Geneva: Investors are showing an increased interest in risk parity funds and strategies, Opalesque reported last year. Risk parity strategies have the

  4. The Big Picture: Charlemagne Capital smoothes risk out of frontier market investing with portfolio approach[more]

    Benedicte Gravrand, Opalesque Geneva: Opalesque recently talked to one of the portfolio managers of the Oaks funds, which are emerging and frontier market hedge funds focusing on equity long/short with a directional approach. They are run by

  5. Winton’s low-cost equities fund tops $1bn for first time[more]

    From FT.com: Winton, the London-based hedge fund, has increased the assets in its low-cost equities fund to more than $1bn for the first time in a sign that traditional stock managers may come under increasing pressure from computer-driven rivals. Winton, which manages about $25bn in total ass