Wed, Nov 26, 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 45

Saturday, November 13, 2010

Benedicte Gravrand, Opalesque London:

Last week, we heard of fund launches from Harbour AM (Asia-focused L/S equity); Woodhull Capital (credit opps); Canyon Capital (distressed opps); Erste Group Bank (global multi-strategy Ucits FoHFs); Dougherty & Co. (L/S small caps); Anello A.M. (currency programme); SkyTop Capital (special sits); Garrison Investment Group (opps); China's E-Fund (L/S global EM hedge fund and long-only fund); and Waratah Advisors (three hedge funds).

Boutique bank Tudor, Pickering, Holt & Co. LLC tapped Citadel A.M. to run a new energy hedge fund (the first of several), said WSJ.com; former colleagues at Duquesne Capital Management LLC are opening a new firm with $5bn in assets, the second-largest hedge-fund start-up ever, said Bloomberg; star trader Charlie Chan left Credit Suisse to launch a new hedge fund; and Moore Capital Management plans to spin off Paul Findley's European equities team, which may start a separate hedge fund in the first quarter.

RAB Capital closed down its remaining Asia-focused fund, and five members of the Hong Kong-based Pi investment team left; and Camulos Capital liquidated its flagship just months after beating back an investor petition to force it to do just that.

In October, the HFRI Fund Weighted Composite Index was up 2.35% (est.), 7.14% YTD; The Hennessee hedge fund index climbed 1.9%, 6.6% YTD; The Dow Jones Credit Suisse Hedge Fund Index posted +1.34% (est.), 7.41% YTD; The Greenwich Global Hedge Fund Index went up 2.35%, 7.4% YTD; Among IndexIQ’s investable benchmark hedge fund replication indexes, the L/S index was up 1.92% (5.48% YTD) and the Global Macro index was down 0.55% (+5.41 YTD); HFR reported that Asian hedge funds had soared in Q3; the HFRX China Index outperformed the Shanghai Composite by nearly 25% YTD.

TrimTabs Investment Research and BarclayHedge reported that the hedge fund industry had posted an inflow of $3.8bn......................

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. Investing - George Soros puts $500m of his money on Bill Gross, Soros, Paulson backed Hispania Activos mulls Realia takeover, Ex-Credit Suisse trader’s hedge fund sees yen shorts as crowded, Hedge hunters double default-swaps as views split, Large hedge fund positions come under pressure, Vikram Pandit's fund picks 50% stake in JM Financial's realty lending arm for $87m[more]

    George Soros puts $500m of his money on Bill Gross From WSJ.com: Before Bill Gross was fully settled in at his new firm, Janus Capital Group Inc., he received an unlikely visit from the chief investment officer of famed investor George Soros ’s firm, according to a person familiar with t

  2. Legal - Hedge fund manager fights £8m tax tribunal ruling[more]

    From FT.com: A hedge fund manager who may have to repay £8m in tax is trying to overturn a tribunal ruling that found he had attempted to shelter millions in an avoidance scheme. Patrick Degorce, chief investment officer at Theleme Partners, lost a tax tribunal case last year. HM Revenue & Customs c

  3. Europe - Hedge funds face exit tax as Iceland central bank discusses plan[more]

    From Bloomberg.com: Hedge funds and other creditors with claims against Iceland’s failed banks face an exit tax as the island looks for ways to unwind capital controls without hurting the economy. The government targets having a plan it can present by year-end that would map out how Iceland will sca

  4. Opalesque Exclusive: Risk management emerges as a competitive focus area for hedge funds[more]

    Bailey McCann, Opalesque New York: Risk management has always been a core component of any trading strategy, as well as a critical part of business management. However, as macreconomic weakness persists, and alpha becomes increasingly hard to generate, risk management as emerged as a more promin

  5. Gross: Inflation is required to pay for prior inflation[more]

    Benedicte Gravrand, Opalesque Geneva: As inflation rises, every dollar will buy a smaller percentage of a good. While deflation will mean a decrease in the general price level of goods and services. These two economic conditions are both in the waiting room. The consensus would like the former to