Wed, Apr 16, 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

Banner
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: European stock-picking fund up 19% YTD, bets on small caps’ high cash level[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Here is a European long/short equity fund that has been beating the odds since its 2008 inception by employing its own investment model, frequent company visits

  2. CTAs could face new challenges in a rising rates environment[more]

    Bailey McCann, Opalesque New York: CTAs have taken a beating performance wise lately, and asset flows reports show that investors aren't sticking around to see how the movie ends. Now, a new white paper from Roy Niederhoffer and Coen Weddepohl notes that as interest rates start to tick back u

  3. Investing – Big hedge funds bought Puerto Rico's junk bonds, Fidelity explores new trading venue amid flash trade concerns, Crisis-era Greek bonds reward early buyers with big effective returns, Cargill unit discloses stake in Freddie preferred[more]

    Big hedge funds bought Puerto Rico's junk bonds From Reuters.com: Several large hedge funds doubled down on Puerto Rico in last month's giant bond sale despite the U.S. territory's financial struggles, the Wall Street Journal reported, citing confidential documents reviewed by the newspa

  4. Opalesque TV: First Trust Advisors launches liquid alternatives platform[more]

    Bailey McCann, Opalesque New York: First Trust Advisors is launching a new liquid alternatives platform aimed at building on the companies existing alternative ETFs offering by adding hedged mutual funds. Senior Portfolio Managers Rob Guttschow and John Gambla recently sat down in an

  5. Commodities – Popular value fund manager David Iben bets on Russia, gold,[more]

    From Reuters.com: With large bets on Russia and North American gold miners, one of the best performing stock pickers in the wake of the 2008 financial crisis is back with a new fund that reflects his deep aversion to following the crowd. In the Kopernik Global All-Cap Fund, David Iben is follo