Sat, Feb 25, 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 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. Opalesque Exclusive: Swiss investors take fund seeding and acceleration into their own hands[more]

    Benedicte Gravrand, Opalesque Geneva: Banque Bonhote, a 200-year old Swiss private bank, last year launched a community of investors - heads of Swiss family and advisory offices and wealth managers - with the aim of co-investing in the kind of managers they wanted to invest in, either by way of s

  2. K2 Advisors : Why We Like Activist Hedge Fund Strategies and Some Thoughts on Alpha[more]

    Matthias Knab, Opalesque: Rob Christian, Senior Managing Director, Head of Research K2 Advisors, Franklin Templeton Solutions, writes on Harvest Exchange: When d

  3. Ex-Navy SEAL backed by Mario Gabelli, Jean-Marie Eveillard and other value giants off to strong start[more]

    From Valuewalk.com: Sententia Capital Management is not your average value focused hedge fund. The fund was founded by Michael Zapata, a former Navy Seal Team 6 Officer and has attracted funding from some of the best-known names in the value space. Mario Gabelli, Jean-Marie Eveillard from First Eagl

  4. Europe - 1 trillion euro non-performing loans are clogging EU lending channels[more]

    From Centralbanking.com: As much as 1 trillion euro of non-performing loans (NPLs) are still clogging the lending channel in the European Union. An EU asset management company (AMC) could address market failures in the secondary market for NPLs as part of a suite of measures designed to tackle the b

  5. Investing - Hedge funds' novel approach: investing for longer at lower returns, U.S. hedge fund Delta Partners lifts stake in Bellamy's, Hedge funds stockpile cobalt, electric carmakers on battery alert, Facebook is racking up the likes among the world's biggest hedge funds, Einhorn affirms gold on Trump uncertainty[more]

    Hedge funds' novel approach: investing for longer at lower returns From FNLondon.com: Hedge funds are known for making short-term bets, dipping quickly in and out of markets to take advantage of swings in prices. But, under pressure to innovate, some big-name managers are looking at ways