Tue, Jul 26, 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 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. Opalesque Exclusive: California-based manager launches long/short equity hedge fund with unique algorithm[more]

    Benedicte Gravrand, Opalesque London for New Managers: SJL Capital LLC, an investment advisory firm based in California, has launched its maiden fund, the SJL MarketDNA Hedge Fund LP. The fund, which began trading

  2. Manny Roman to move from Man to Pimco[more]

    Benedicte Gravrand, Opalesque London: Emmanuel (Manny) Roman, an investment world veteran, has been hired by PIMCO, the large US bond fund house, as chief executive officer. PIMCO's current CEO Douglas Hodge will assume a new role as managing director and senior advisor when Roman joins P

  3. HFR: Hedge funds post strong gains in mid-July as markets recover from Brexit losses[more]

    Komfie Manalo, Opalesque Asia: Hedge funds posted strong gains through mid-July as the equity markets continued the recovery from Brexit losses. The HFRX Market Directional Index gained +2.17% (+4.22% YTD) and the HFRX Global Hedge Fund Index gained +1.03% through mid-month (+0.19%

  4. News Briefs - Carlyle goes on trial for a financial-crisis meltdown, Private equity and venture capital outperformed public markets in 2015, Pippa Middleton gets engaged to hedge fund manager James Matthews[more]

    Carlyle goes on trial for a financial-crisis meltdown Carlyle Group co-founder Bill Conway was in court on this small island last week recounting one of the most bruising episodes in his private-equity firm’s history: the 2008 collapse of mortgage-bond fund Carlyle Capital Corp. Carlyle

  5. …And Finally - Two men fall off cliff playing Pokemon Go[more]

    From BizarreNews.com: Two men who fell from a seaside cliff north of San Diego told authorities they became distracted while playing augmented reality game Pokemon Go. Encinitas fire Battalion Chief Robbie Ford said one of the men fell about 50 feet down the bluff in Encinitas while the other man fe