Sat, Jun 24, 2017
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 42

Saturday, October 23, 2010

Kirsten Bischoff, Opalesque New York:

Last week, we heard of fund launches from Avenue Capital (high yield debt), Sparx (Asian l/s equity), Riskowitz Capital (South Africa) and a private equity version of a distressed/private debt and equity hedge fund already run in hedge fund structure by Victory Park Capital. We also learned ex-Goldman Sachs/Merrill Lynch absolute return specialist David Staton is launching Zedd Capital (l/s European equities) with managed accounts, and niche investors Elite Advisors will launch Precious Time, which will invest in rare vintage watches.

On the UCITS front, we learned of new UCITS funds from Barcap (hedge fund replicator), Estlander & Partners (combining two managed futures strategies), and Amundi (l/s equity).

Index performance for September was reported as follows:

HFRX Global Hedge Fund Index up 1.72% (est.) in September (1.90% YTD)


Update: Dow Jones Credit Suisse Hedge Fund Index confirmed to finish up 3.43% in September (5.98% YTD)

Scotia Capital Canadian Hedge Fund Performance Index up 3.58% in September, 9.16% YTD (asset weighted) and 2.99%, 6.02% YTD (equal weighted)


Lyxor Global Hedge Fund index up 2% in September (2.8% YTD)


Edhec Indices: All but one strategy registered solid returns in September, convertible Arbitrage up 1.93% (+8.5% YTD)


 Lyster Watson Alpha Indices show large September gains for Asia (+5.60%) and emerging markets (+5.60%) hedge funds


RBC Hedge 250 Index up 2.2% (est.) in September (+2.54% YTD)

Barclay CTA Index +1.90% in September (+2.45% YTD), Ag traders up 7.33% YTD


UCITS hedge funds up 1.09% in Q3, AUM up to Eur 1.9bn


We heard Pierre Henri Flamand, who previously ran Goldman Sachs’ Principal Strategies group, has raised over $1bn in assets for the launch ......................

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. Legal - Bond market concerns could scuttle Paulson's Fannie-Freddie plan[more]

    From Bloomberg.com: A hedge fund proposal for freeing Fannie Mae and Freddie Mac from U.S. control is poised to face stiff opposition from investors who say it risks wrecking the mortgage-bond market. The Moelis & Co. blueprint, which firms including Paulson & Co. and Blackstone Group LP sponsored,

  2. Other Voices: Are your pricing policies and procedures for less liquid instruments adequate?[more]

    Komfie Manalo, Opalesque Asia: The unrelated position mismarking incidents that quickly precipitated the closures of both Visium Asset Management and Marinus Capital have been recent focal points for market participants, but regulatory scrutiny of valuation choices for less liquid instruments is

  3. FinTech - AI hedge fund Numerai now live on Ethereum, Cryptocurrency hedge funds generate huge returns as bitcoin surges[more]

    AI hedge fund Numerai now live on Ethereum From Cryptoninjas.net: Back in February, Numerai announced numeraire (NMR), a cryptographic token to incentivize a new kind of hedge fund built by a network of data scientists. Earlier today, the Numeraire smart contract was officially deployed

  4. Investing - Advisors slash hedge fund positions, Theravance Biopharma is a top pick of investment guru Seth Klarman, As asset management industry grows a search for new revenue streams[more]

    Advisors slash hedge fund positions From Barrons.com: Financial advisors have cut wealthy clients' exposure to hedge funds by up to one third over the past 12 months, The Financial Times reports. Advisor firms in the FT's annual top-300 ranking have reduced their hedge fund allocation to

  5. Barclay Hedge Fund index gains 0.50% in May, 4.13% YTD[more]

    Hedge funds gained 0.50% in May according to the Barclay Hedge Fund Index compiled by BarclayHedge. The Index is up 4.13% in 2017. The Barclay Hedge Fund Index has now been profitable for seven months in a row, with a cumulative gain of 6.10%. The Barclay Technology Index has gained 12.27% in the fi