Wed, May 4, 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. Hedge funds see $14.3bn outflows in Q1, CTAs and multi-strategy lead net inflows[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry saw net outflows of investor capital in the first quarter of the year, totaling $14.3bn, data from Preqin showed. This continues from the $8.9bn overall net outflows that funds recorded in Q4

  2. Third Point calls Q1 "catastrophic" for hedge funds[more]

    Bailey McCann, Opalesque New York: The first quarter of this year was rocky for hedge funds based on aggregate performance from the industry, but now we are beginning to hear what the managers thought of it as quarterly letters make their way to investors. Dan Loeb, CEO of New York-based $17 bill

  3. Asia - Stabilization of China's capital outflows may hinge on Janet Yellen, Fink says China to do well this year as bubble threat postponed, Chinese hedge fund to invest in India’s infrastructure[more]

    Stabilization of China's capital outflows may hinge on Janet Yellen From Bloomberg.com: Whether China’s recent stabilization of its currency and capital outflows continues -- or downside pressure reignites -- may hinge in large part on Janet Yellen. If the Federal Reserve chair sticks to

  4. …And Finally - After all, judges are human too[more]

    From Newsoftheweird.com: In March, one District of Columbia government administrative law judge was charged with misdemeanor assault on another. Judge Sharon Goodie said she wanted to give Judge Joan Davenport some files, but Davenport, in her office, would not answer the door. Goodie said once the

  5. Comment - Unmasking the men behind Zero Hedge, Wall Street's renegade blog[more]

    From Bloomberg.com: Colin Lokey, also known as "Tyler Durden," is breaking the first rule of Fight Club: You do not talk about Fight Club. He’s also breaking the second rule of Fight Club. (See the first rule.) After more than a year writing for the financial website Zero Hedge under the n