Mon, Apr 24, 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. Investing - Hedge fund Ecofin says EDP bid for renewable energy unit 'egregiously low', Asia CIOs say "non" to Europe, Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether[more]

    Hedge fund Ecofin says EDP bid for renewable energy unit 'egregiously low' From Reuters.com: London hedge fund firm Ecofin said an offer from Portugal's largest company EDP to buy 22.47 percent of subsidiary EDP Renovaveis "significantly undervalues" the company, in a letter to EDPR's bo

  2. Alternative asset firm YieldStreet surpasses $100m of loans funded in less than 8 quarters[more]

    Komfie Manalo, Opalesque Asia: Alternative asset investment platform YieldStreet reported that it has surpassed $100m in loans funded in less than eight quarters from accredited investors and single family offices. YieldStreet was founded by Milind Mehere and Michael Weisz. In a

  3. Investing - Investor appetite for high-growth IPOs to be tested, Apollo boosts fund's stock allowance for 'diamonds in the rough', Hedge funds uncertain over outlook for Hargreaves Lansdown[more]

    Investor appetite for high-growth IPOs to be tested From FT.com: The US listings market is poised for a busy week with deals that will test investors' appetite for high-growth - but lossmaking - companies. Eight new listings are scheduled for this week, the most since October of 2016,

  4. Aris Wealth' quant indices fare well[more]

    Benedicte Gravrand, Opalesque Geneva: Last year, Geneva-based Aris Wealth Management launched indices sponsored by Societe Generale Corporate & Investment Banking. These indices replic

  5. Opalesque Exclusive: Gold Sail diversifies into PE and real estate[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The five Purdue University students who set up a hedge fund last year have become four and have diversified int