Sun, Aug 30, 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 39

Sunday, October 03, 2010

Kirsten Bischoff, Opalesque New York:

Last week, we heard of just a few fund launches from Threadneedle (emerging market macro), Pine River Capital (liquid mortgage fund), and a new commodity quant fund from Swedish firm Alfakraft Fonder, as well as UCITS funds from Man Group (European FoHFs) and Stigma Partners (global macro). Although the number of launches has dwindled recently, Conifer Securities CEO Jack McDonald offered some hope for future growth, reporting to Bloomberg this week that his firm was seeing an uptick in the number of startup hedge funds launching.

Asia was the site of multiple closures including Marble Bar’s Asia fund (after it dropped from $530m to $100m in assets), and Hong Kong-based DragonBack Capital, which has liquidated its two hedge funds in order to re-launch as a hedge fund platform.

The Greenwich Composite Investable Index reported this week its August gains of +0.29%.

Even though Casey Quirk Partner Yariv Itah predicted this week that hedge fund assets would surge 65% to $2.8bn in the next three years, assets by and large have not grown at the pace anticipated after 2009’s strong performance. What few funds that have seen allocations, have been the biggest, dividing the industry into super funds with assets well over $5bn and small funds with assets below $500m. And assets continue to funnel to the very top with AR Magazine reporting that the top third of the super hedge funds manage 71% of the assets in the “billion dollar club”. In this “club” Bridgewater Assets leads the pack with $51bn followed by JP Morgan Asset Management ($41bn), Soros Fund Management, Och Ziff Capital Management, and BlackRock.

But even large firms sometimes feel the pain. Notably absent from the AR biggest managers list was DE Shaw, ......................

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. Commodities - Commodity hedge funds lose most in three years as rout deepens, Funds bet on Shell deal as oil prices plunge[more]

    Commodity hedge funds lose most in three years as rout deepens From Bloomberg.com: Hedge funds betting on commodities lost the most in almost three years in July as the price-rout deepened. Funds lost money for a third month, according to the Newedge Commodity Trading Index, which was re

  2. Investing - Hedge funds suddenly find real money is back in Argentina's debt, Elon Musk buys more SolarCity stock following hedge fund manager short, BlackRock plans to get into rental-home financing[more]

    Hedge funds suddenly find real money is back in Argentina's debt From Bloomberg.com: The real money is back in Argentina. Before the country’s default in July 2014 (its second in 13 years), most long-term investors abandoned its bond market. As they rushed out, Argentina became a favorit

  3. Activist News - Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping, Meet Europe's best activist investor[more]

    Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping From Businessinsider.com: Carl Icahn has picked his next target: Freeport-McMoRan. Icahn and a group of other investors have snapped up an 8.46% stake in mining company Freeport-McMoRan, according to a j

  4. North America - Hedge fund manager Ray Dalio’s challenge to the Fed[more]

    From Newyorker.com: For some reason, Janet Yellen, the chair of the Federal Reserve, decided to skip this year’s annual Fed conference in Jackson Hole, where monetary policymakers from the United States and abroad get together with some prominent academics to discuss the big issues of the moment. Th

  5. JTC acquires Kleinwort Benson’s fund administration business[more]

    Bailey McCann, Opalesque New York: JTC has completed the acquisition of Kleinwort Benson’s fund administration business, boosting assets under administration (AuA) to $56 billion. Kleinwort Benson is based in the Channel Islands, South Africa. The transaction, which relates to the whole of K

 

banner