Sun, May 29, 2016
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. Americas - Australian banks sending U.S. hedge funds broke, Ryan Puerto Rico ‘rescue’ bill could be windfall for hedge funds[more]

    Australian banks sending U.S. hedge funds broke From SMH.com.au: US hedge funds are not having the best of years. Profits are hard to find, they're underperforming and the punters are losing patience, withdrawing US$15 billion ($20.8 billion) in the March quarter. They're expected to wit

  2. Investing - Billionaire Wilbur Ross likes the look of Chinese bad loans, Hedge funds are still relevant in a diversified portfolio: 4 fundamental criteria for superior manager selection[more]

    Billionaire Wilbur Ross likes the look of Chinese bad loans From Bloomberg.com: U.S. billionaire Wilbur Ross said he’s considering investing in nonperforming loans in China, as Moody’s Investors Service said that the nation has the tools to prevent a financial crisis in the near term. I’

  3. Investing - Blackstone gives pricey Canadian energy and property thumbs down, One of the most concentrated hedge fund bets is getting crushed, Facebook is hedge funds' new tech darling,[more]

    Blackstone gives pricey Canadian energy and property thumbs down From Bloomberg.com: Canada’s energy assets are uneconomic and real-estate markets overvalued, making them less attractive for investment than in the U.S. and elsewhere, according to Tony James, president of Blackstone Group

  4. Study - Only 30% of institutional hedge fund portfolios beat the benchmark[more]

    Bailey McCann, Opalesque New York: A new study from CEM Benchmarking, an independent provider of cost and performance analysis for pension funds, shows that only 30 percent of institutional investors hedge fund portfolios beat the benchmark after fees. The study provides in depth analysis of real

  5. Opalesque Exclusive: $1bn hedge fund club grows to 668 managers, continues to dominate (Part One)[more]

    Komfie Manalo, Opalesque Asia: Despite an underwhelming 2015 and a slow start to 2016 in terms of performance, one group of managers that continues to dominate the assets of the hedge fund industry is the so called $1bn club – hedge fund managers with at least $1bn in assets under management (AU