Wed, Oct 26, 2016
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. North America - Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation, Billionaire hedge fund titans Dinan, Lasry on election, markets and best investment ideas[more]

    Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation From Kyle Bass, founder of Hayman Capital Management, on Wednesday warned that the U.S. is headed toward so-called stagflation. Stagflation is typically described as persistently high inflation and hi

  2. David Einhorn speaks on passive investing, Mylan, his cheapest stock, the Fed[more]

    From Greenlight Capital hedge fund manager David Einhorn (Trades, Portfolio) joined nine other famed investors on Tuesday to talk about stocks at the annual Great Investors’ Best Ideas Investment Symposium in Dallas. Presenters at the annual conference typically pitch one or severa

  3. Investing - Fund set up to buy illiquid hedge fund stakes finds plenty of opportunities, Lansdowne's Roden says likes animal genetics company Genus[more]

    Fund set up to buy illiquid hedge fund stakes finds plenty of opportunities From As ValueWalk reported back in February, earlier this year Andrew Lawrence set out to raise $250 million to $500 million for a fund that will buy stakes in hedge funds that have suspended redem

  4. Other Voices: Follow the advice of investment consultants - I think not[more]

    Mark Rzepczynski, Founding Partner, Chief Investment Officer AMPHI Research and Trading, writes on Harvest Exchange: Investment consultants are a force to the reckoned with in the pension world. They advise and drive many pension decisions around the globe. Consultants literally control trillion

  5. Opalesque Roundtable: Style drift, poor communications and credibility fatigue are biggest red flags for hedge funds investors[more]

    Komfie Manalo, Opalesque Asia: Style drift, poor communications and credibility fatigue are the biggest red flags for hedge funds investors, said participants of the latest 2016 Opalesque Investor Roundtable, sponso