Wed, Sep 20, 2017
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 47

Saturday, November 27, 2010

Benedicte Gravrand, Opalesque Europe:

Last week, we heard of fund launches from Davidson Kempner Capital (event driven multi-strat); Traxis Partners (UCITS version of flagship); Hamon A. M. (China absolute return); LibreMax Capital (credit); Trafalgar (Ucits version of European L/S equity fund); Frontier Capital (managed futures FoFs).

Also, 76-year-old California entrepreneur Daniel Maarsman will launch a hedge fund as he wants ‘to see people make some decent money;’ D.E. Shaw’s exec Daniel Posner will leave and launch his own hedge fund, said Hfmweek.com, which also reported that Faisal Syed, formerly of Highbridge Capital, had formed New York-based PAMLI Capital Management to launch a credit relative value and L/S strategy, that Brevan Howard had launched its third Ucits-compliant fund seeking to partially replicate the trading success of the firm’s $24bn flagship, and that SG Alpha’s emerging Europe hedge fund is to open to outside investors and will start a Ucits version early next year. GAMCO Investors has opened its green technology L/S fund to outside investors after a year-and-a-half track record; Alpha Titans FoHFs opened its doors to Australian investors; and Audley Capital launched a natural resources hedge fund and re-opened its European Opportunities Fund.

Newedge’s CTA Index was up 2.74% in October, 9% YTD, and Newedge’s AlternativeEdge Short-Term Traders Index was down 0.49%, 0.97% YTD; The Dow Jones Credit Suisse Hedge Fund Index gained 1.92%, 8.02% YTD; The Greenwich Composite Investable Index returned 1.21%, 1.67% YTD; The HFN CTA/Managed Futures Index went up 3.17%, 6.09% YTD; and HFN said that managed futures products had $192.3bn in assets at the end of October 2010.

In terms of assets, investors are seeking to withdraw about $3bn from FrontPoint Partners since it was named in an investigation of insider trading three weeks ago (in connection with a doctor giving information on a drug tria......................

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. Institutions - Canada's pension funds lever up[more]

    From Institutionalinvestor.com: Canadian pension plans are among the most admired institutional investors for their prowess as money managers. Now pension plans in Canada are upping the ante, increasingly issuing long-term bonds and using the borrowed money, or leverage, to try a

  2. Manager Profile - The three quants in their 20s running a hedge fund making $1 billion of trades daily[more]

    From Forbes.com: In an office overlooking downtown Boston, the views are partially obscured by math formulas and technical drawings that have been scribbled on the windows. Wearing a T-shirt with the words "machine earning" printed on it, Luca Lin says the formulas are being developed to help trade

  3. News Briefs - Iron Cove Partners launches hedge fund manuscript management & professional liability insurance policy, Private equity, hedge funds eye bizav financing market. Blue Capital halts ILS fund buy-backs as hurricane Irma approaches[more]

    Iron Cove Partners launches hedge fund manuscript management & professional liability insurance policy Iron Cove Partners, a national insurance brokerage specializing in the needs of the alternative asset management community, today announced the launch of its newest insurance product, th

  4. Asia - Hedge funds used to love shorting China. Now, not so much, Fledgling China FoFs require careful use: NCSSF, Amac, Japanese banks turn to PE, hedge funds for returns[more]

    Hedge funds used to love shorting China. Now, not so much From Bloomberg.com: A sharp devaluation. A credit crisis. And an economic hard landing. That's what some of the biggest names in the hedge fund industry were predicting for China after the nation's stocks and currency tumbled in 2

  5. Launches - Orchard launches new credit platform, ETN based on hedge fund to launch on the LSE[more]

    Orchard launches new credit platform Orchard Platform has rolled out Deals as a part of its new platform launch. With the addition of Deals to their suite of technology solutions for loan originators and institutional investors, Orchard Platform takes the next step in their evolution. De