Sun, May 31, 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 46

Saturday, November 20, 2010

Benedicte Gravrand, Opalesque London:

Last week, we heard of fund launches from Kenmar and Royal Bank of Scotland (first Ucits commodity FoFs); Latus Capital and Cenario Capital (volatility fund); KTOs Capital (currency); Cantab (Newcits version of macro strat); and fund manager Kevin Dougherty quit Soros-seeded Pharos Financial Group to set up an emerging market hedge fund.

The Barclay Hedge Fund Index gained 2.02% in October, +7.24% YTD after two strong months of gains; The Dow Jones Credit Suisse Hedge Fund Index went up 1.92%, 8.02% YTD; The Lyxor Global Hedge Fund Index returned 1.4%, lifting YTD gains to 4.3%; The Scotia Capital Canadian Hedge Fund Index was up 3.69%, 13.18% YTD; The HFRX Global Hedge Fund Index confirmed returns of 1.12%, 3.05% YTD; The Eurekahedge Hedge Fund Index went up 2.27%, 7.33% YTD; The RBC Hedge 250 Index returned 1.35%, +3.93% YTD; The Barclay CTA Index gained 1.91%, 4.53% YTD; HFNís main index returned 2.23%, +7.43% YTD, and reported that hedge fund assets had surged 3% (est.) to $2.410tln in October.

Liontrust re-launched itself, two years after key hedge fund managers quit; Goldman Sachs said it will no longer act as the custodian and clearing agent for small hedge funds with less than $5m in AuM; Hedgebay Trading reported that the hedge fund secondary market had hit a six month high in October, but correct valuation of assets remained a problem; BlackRock completed a secondary offering of common stock; in a continuing saga, Blackstone raised its offer for Dynegy ($604.5m takeover bid) but two of the energy company's biggest shareholders - Carl Icahn and Seneca Capital - said that they were unimpressed with it; a McGladrey survey warned that mid-sized hedge funds were at a crossroads and had to reassess their business models; Merrion Investment Managers reduced the annual management charge (from 1.5% to 0.5% for large investors) on the Merrion European......................

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: New TMT hedge fund adopts the long-term approach[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Adam Parker founded Center Lake Capital LLC in New York in November 2014. Before that, he was portfolio manager at Point State Capital (the successor fund to Dr

  2. Investing - Hedge funds buy swathes of foreclosed subprimes, force up rents, float rent-bonds, Hedge funds buy Actavis, Valeant. ETFs join the party, The most loved biotechs of big hedge funds, Stocks to buy ... according to hedge funds, Atlantic City bond offering attracts hedge funds as buyers, Okumus Fund Management discloses huge new Ascent Capital Group stake[more]

    Hedge funds buy swathes of foreclosed subprimes, force up rents, float rent-bonds From Boingboing.com: When a giant hedge fund is bidding on all the foreclosed houses in a poor neighborhood, living humans don't stand a chance -- but that's OK, because rapacious investors make great landl

  3. Institutions - Institutional investors turn to real estate, planes, Assets at Bostonís five biggest family nonprofits rise to $3.5bn[more]

    Institutional investors turn to real estate, planes From Joins.com: The National Pension Service and domestic emerging market specialists who did not know where to invest in a low interest rate environment are turning to other investments like the blue-chip real estate market abroad.

  4. Regulatory - Hedge funds face tax as Iceland poised to end capital controls, Comment: Why alternatives need more transparency, not enforcement[more]

    Hedge funds face tax as Iceland poised to end capital controls From Bloomberg.com: Hedge funds and other investors who bought claims against Icelandís failed banks face a tax that targets the lendersí estates as the government prepares to unveil its plan for exiting capital controls in t

  5. Investing - Nelson Peltzís Trian Fund Management reduces position in Legg Mason, Biotech investors up big amid bubble talk, Hedge funds increase exposure in healthcare[more]

    Nelson Peltzís Trian Fund Management reduces position in Legg Mason From Octafinance.com: Trian Fund Management has filled a SC 13D/A form regarding Legg Mason, Inc. Per Nelson Peltzís Trian Fund Managementís filing, the filler reported decreased stake in the company by -11.05% to 11,03

 

banner