Tue, May 22, 2018
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 43

Saturday, October 30, 2010

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 hedge fund to new money due to investor interest, said MarketWatch; F&C assets rose 14% (to $172bn) in Q3 on markets and the purchase of Thames River; but London-based FIM, facing legal action from investors who lost money in Bernard Madoff's $65bn fraud, has seen its assets slump after clients exited.

During 3Q-2010, all hedge fund managers in the Dow Jones Credit Suisse Hedge Fund Index rose above previous high water marks, and fully recouped the losses of the global financial crisis; global macro dominated hedge fund returns and asset raising, while strong performing convertible arbitrage continued to see outflows; but Greenwich Associates said around half of all managers had said that one or more of their hedge funds remain below ‘high-water’ marks.

Hedge fund seeder FRM Capital Advisors issued $50m seed capital for San Francisco-based start-up Sensato Capital; Man Group is to let go of 10% of its employees; Louis Dreyfus Highbridge Energy LLC is moving from Wilton to Stamford; and Stark Investments is the latest hedge fund manager to hir......................

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. News Briefs - Warren Buffett: Target date funds aren't the way to go, Cambridge Analytica could be reborn under a different name[more]

    Warren Buffett: Target date funds aren't the way to go Planning for retirement can be complicated and stressful. This is why target date funds - funds that are managed based on when you expect to retire - are so attractive. Over time, the balance of stocks, bonds and cash evolve automati

  2. Investing - Hedge funds hike Smurfit Kappa positions amid takeover deal hopes, Hedge fund IBV Capital digs deep to unlock long-term value in a competitive market, Eisman of 'The Big Short' fame recommends shorting Deutsche Bank[more]

    Hedge funds hike Smurfit Kappa positions amid takeover deal hopes From Irishtimes.com: Two US hedge funds, Davidson Kempner and York Capital, have accumulated a combined 4.74 per cent interest in cardboard box maker Smurfit Kappa using financial derivatives. It comes as many investors cl

  3. Foundations of hedge fund managers gave big to controversial donor-advised funds[more]

    In the world of philanthropy and tax-deductible charitable giving, the explosion of donor-advised funds has touched off intense debate. Now, there is evidence that the DAF boom is being further fuelled by hedge fund foundation money. Four of the top five foundations that gave the most to large do

  4. Study: For hedge funds, smaller is better[more]

    From Institutionalinvestor.com: The smaller the hedge fund is, the better its performance is likely to be, according to a new study. The study - "Size, Age, and the Performance Life Cycle of Hedge Funds," released April 26 - sought to determine whether a hedge fund's size and age had any effect on i

  5. Hedge fund returns rose in April for first gain since January[more]

    From Bloomberg.com: Bloomberg Hedge Fund Database shows returns flat this year - Currency strategies had the biggest monthly gain at 13% Hedge fund returns increased 0.78 percent in April, reversing two consecutive monthly declines. The swing of 134 basis points was driven by gains in all seven