Tue, Apr 28, 2015
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. U.S. does not want hedge funds to invest in offshore re-insurers for tax purposes[more]

    Komfie Manalo, Opalesque Asia: The U.S. Treasury Department on Thursday introduced a new rule aimed at limiting hedge funds’ ability to reduce their tax bills by investing in insurance companies in offshore tax havens. As a general rule, the U.S. tax laws does not allow hedge funds to use off

  2. Ruling: Hedge funds suing Argentina can have access to bond offering details[more]

    Komfie Manalo, Opalesque Asia: U.S. District Judge Thomas Griesa in Manhattan ruled yesterday that hedge funds are entitled to details of a recent bond offering by Buenos Aires, reports

  3. Fund managers express concern of overvaluation in both equity and bond markets[more]

    Komfie Manalo, Opalesque Asia: According to the BofA Merrill Lynch Fund Manager Survey, investors see growing overvaluations in both

  4. Update: Wall Street has strong feelings about Jon Corzine trying to make a comeback[more]

    From Businessinsider.com.au: Former New Jersey Governor Jon Corzine is thinking about starting his own hedge fund, according to the Wall Street Journal, and because of the way his last firm imploded, Wall Street has strong feelings about that. “Truth is the larger seeders would never give him money

  5. Opalesque Exclusive: Cybersecurity and hedge funds - A manager’s experience, Part Four[more]

    Benedicte Gravrand, Opalesque Geneva: Ruane, Cunniff and Goldfarb, Inc. used to have their own IT infrastructure. Todd Ruoff, Executive Vice President in charge of trading, operations and technology, was responsible for its maintenance. Then he started looking at outsourced providers a couple of

 

banner