Benedicte Gravrand, Opalesque London:
Last week, we heard of fund launches from Thélème Partners (equity L/S); Solaris A.M. (equity arb); SYZ & Co (high-yield currencies); Systematic Alpha Management (managed account version of flagship strategy); and Crimson Capital (fixed-income hedge).
BlueCrest had to liquidate its Ucits fund as it could not replicate the performance of offshore parent fund; and Paribas closed its multi-asset absolute return vehicle Millennium Tracker fund due to low assets.
Some had better luck on their assets; `must-have' hedge funds from Och-Ziff, Elliott and Comac Capital pulled in almost a fifth of the money going into the $1.7tn hedge-fund industry this year, reported Bloomberg; Phibro is to reopen its main commodities hedg......................
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