Sun, May 29, 2016
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; HFN’s 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. Americas - Australian banks sending U.S. hedge funds broke, Ryan Puerto Rico ‘rescue’ bill could be windfall for hedge funds[more]

    Australian banks sending U.S. hedge funds broke From SMH.com.au: US hedge funds are not having the best of years. Profits are hard to find, they're underperforming and the punters are losing patience, withdrawing US$15 billion ($20.8 billion) in the March quarter. They're expected to wit

  2. Investing - Billionaire Wilbur Ross likes the look of Chinese bad loans, Hedge funds are still relevant in a diversified portfolio: 4 fundamental criteria for superior manager selection[more]

    Billionaire Wilbur Ross likes the look of Chinese bad loans From Bloomberg.com: U.S. billionaire Wilbur Ross said he’s considering investing in nonperforming loans in China, as Moody’s Investors Service said that the nation has the tools to prevent a financial crisis in the near term. I’

  3. Investing - Blackstone gives pricey Canadian energy and property thumbs down, One of the most concentrated hedge fund bets is getting crushed, Facebook is hedge funds' new tech darling,[more]

    Blackstone gives pricey Canadian energy and property thumbs down From Bloomberg.com: Canada’s energy assets are uneconomic and real-estate markets overvalued, making them less attractive for investment than in the U.S. and elsewhere, according to Tony James, president of Blackstone Group

  4. Study - Only 30% of institutional hedge fund portfolios beat the benchmark[more]

    Bailey McCann, Opalesque New York: A new study from CEM Benchmarking, an independent provider of cost and performance analysis for pension funds, shows that only 30 percent of institutional investors hedge fund portfolios beat the benchmark after fees. The study provides in depth analysis of real

  5. Opalesque Exclusive: $1bn hedge fund club grows to 668 managers, continues to dominate (Part One)[more]

    Komfie Manalo, Opalesque Asia: Despite an underwhelming 2015 and a slow start to 2016 in terms of performance, one group of managers that continues to dominate the assets of the hedge fund industry is the so called $1bn club – hedge fund managers with at least $1bn in assets under management (AU