Mon, Aug 3, 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; 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. Other Voices: Same day reporting and the evolving role of fund administrators[more]

    By: Scott Price, Head of Business Development and Client Management for North America, Maitland Ernst & Young’s latest glob

  2. Activist News - Celgene says patent-fighting hedge fund manager wants to short its shares[more]

    From Reuters.com: Celgene Corp, one of the world's largest biotechnology companies, has accused U.S. hedge fund manager Kyle Bass of attempting to profit from his attempts to wipe out several major drug patents through his Coalition for Affordable Drugs. The company asked the U.S. Patent and T

  3. Einhorn's Greenlight Capital hedge fund slumps 6.1 percent in July[more]

    From Reuters/Thefiscaltimes.com: Hedge fund mogul David Einhorn's Greenlight Capital slumped 6.1 percent in July and is now down 9 percent for the year after gold, one of the fund's top holdings, tumbled to five-year lows last week. Greenlight notified clients of its returns late on Friday, ac

  4. Cowen Group, Inc. to acquire Conifer Securities[more]

    Cowen Group, Inc. and Conifer Securities, LLC had announced the signing of a definitive agreement under which Cowen will acquire Conifer Securities, the prime services division of Conifer Financial Services LLC. The transaction, the terms of which have not yet been disclosed, was approved by the boa

  5. Cargill’s Black River Asset to shut down four hedge funds[more]

    Komfie Manalo, Opalesque Asia: Cargill Inc.’s $7.4 billion Black River Asset Management said it was closing four hedge funds with a combined $ 1 billion in assets and start returning investors money over the next several months, various media said. The hedge funds represent 15% of Black River’

 

banner