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; T......................
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