Thu, Jun 29, 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 44

Saturday, November 06, 2010

Benedicte Gravrand, Opalesque London:

Last week, we heard of fund launches from AIFAM (L/S equity FoHFs); GRT Capital (short-only healthcare strategy); First New York Securities (first hedge fund); Coupland Cardiff (long-biased UCITS fund investing in Asia domestic growth); Harrier Hawk (short US equity); Thames River (GEM absolute return); and Bank of America Merrill Lynch, which launched a family of Ucits III-compliant funds.

Cypress Lane Asia Fund closed down after a 10% loss since its August’09 inception; and Timescape Global Capital Management shut down after its assets had declined by 80%.

The HFRX Global Hedge Fund Index gained 1.12% (est.) in October and 6.52% YTD; The Credit Suisse Liquid Alternative Beta index was up 1.14%, 6.65% YTD; The Bloomberg Aggregate Hedge Fund Index went up 1.5%, 4.2% YTD; And the UCITS HFS Index continued its steady rise for fourth month in a row, with 0.54% and 3.61% YTD.

Och Ziff saw an 18% rise in assets YTD with net inflows of $2.4bn; Man Group's FuM rose 5% for the six month period to 30 September 2010 ($40.5bn).

Cazenove is re-opening the Absolute UK Dynamic hedge fund and Ucits fund to new investments; UBP’s $19bn FoHFs unit will reduce its headcount in New York in favour of Europe and Asia; and D.E. Shaw is moving senior exec Julius Gaudio to Hong Kong from New York to increase the ranks of senior management in Asia.

Third Point, CQS and Bridgewater’s funds are up more than 20% YTD, said Reuters; Peter Thiel's Clarium hedge fund has lost 17% YTD while the industry gains; and New York-based Empiric Asset Management’s market neutral fund, launched in ’08, ended 2009 up +48.17% and stands at +4.13% YTD; BlackRock started a secondary offering of 42 million shares of its common stock.

AHL, Man Group's flagship investment strategy, shou......................

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. Investing - U.S. hedge fund in anonymous bet against Tesco shares, Hedge funds made repeated attempts to invest in Veneto banks, Steve Cohen's Point72 takes stake in struggling electronics retailer Conn's, Hedge fund Excalibur bets Riksbank will tighten by end of year[more]

    U.S. hedge fund in anonymous bet against Tesco shares From FT.com: A $20bn New York hedge fund is using an offshore shell company to anonymously bet against the shares of the UK supermarket Tesco, raising fresh questions over the efficacy of European short selling disclosure rules.