Tue, Jul 29, 2014
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 Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm

  2. Hedge fund manager Winton Capital making headway with long-only strategy[more]

    From PIonline.com: North American investors are helping Winton Capital Management Ltd. make progress — albeit slowly — toward its founder's goal of becoming a $100 billion company. The firm's ticket to quadrupling its assets under management is unlikely to be one of its scientifically designed manag

  3. Opalesque Radio: Now is a good time to buy protection cheaply in the options market[more]

    Benedicte Gravrand, Opalesque Geneva: Investors are showing an increased interest in risk parity funds and strategies, Opalesque reported last year. Risk parity strategies have the

  4. The Big Picture: Charlemagne Capital smoothes risk out of frontier market investing with portfolio approach[more]

    Benedicte Gravrand, Opalesque Geneva: Opalesque recently talked to one of the portfolio managers of the Oaks funds, which are emerging and frontier market hedge funds focusing on equity long/short with a directional approach. They are run by

  5. Winton’s low-cost equities fund tops $1bn for first time[more]

    From FT.com: Winton, the London-based hedge fund, has increased the assets in its low-cost equities fund to more than $1bn for the first time in a sign that traditional stock managers may come under increasing pressure from computer-driven rivals. Winton, which manages about $25bn in total ass