Thu, Aug 25, 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 48

Saturday, December 04, 2010

Benedicte Gravrand, Opalesque Europe:

Last week, we heard of fund launches from Northstone Peak Capital (Asia credit opps); Corriente Advisors (China bubble); RWC Partners (macro); Worch Capital; Tyrus Capital (L/S equity); Brummer & Partners (event-driven); PJM Capital (2X programme); and Clarium's chess champion Patrick Wolff is leaving to start a new hedge fund called Grand Master Capital.

The Australian Fund Monitors Hedge Fund Index went up 1.74% (est.) in October, +4.71% YTD; The HFRX Global Hedge Fund Index was down 0.27% (est.) in November, +2.77% (est.) YTD; And the Credit Suisse Liquid Alternative Beta lost 1.29%, but was up 5.27% YTD. A new Geneva-based firm called Alix Capital launched the first investable UCITS Alternative Index.

More London-listed hedge funds are expected to wind up in coming months, following news that FRM Credit Alpha is to close, said the FT. RAB Capital hired two fund managers from rival Park Place to take on up to $30m in client assets; Park Place will wind down a European L/S portfolio, and clients will be encouraged to move their money into RAB's Europe fund.

FrontPoint Partners got about $3bn of redemption requests for the end of this year, but it is working to limit that asset loss, and should have about $5bn in assets at the start of 2011, said Marketwatch; the FT said that CQS is to close its $1bn multi-strategy hedge fund to new investors; Highbridge Capital Management has attained an estimated $1.83bn from pooled investment sources; Och- AuM topped $27bn. The latest Fund Administration Fact Book from Carbon 360°on 200 fund administrators said single hedge fund assets rose to $2.98tln in 2010; and HFR found that hedge funds investing in Russia, LatAm, Emerging Asia and the Middle East, which have produced the strongest YTD gains (+9.3%) a......................

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. LatAm hedge funds surge in 1H to +24.4%, emerging markets assets rise[more]

    Komfie Manalo, Opalesque Asia: Hedge funds investing in Latin America posted strong gains through mid-2016, reversing declines in four of the past five years, including the last three years, to lead all areas of hedge fund performance through the first half of 2016, according to the latest HFR Em

  2. Asia - LGT Capital Partners: Alternatives set for continued rise in Asia[more]

    From Asianinvestor.net: More flows are likely into insurance-linked strategies, private equity and trend-following strategies/CTAs, given the benefits of such investments, argues LGT Capital Partners. Despite the numerous quantitative easing programs and bailouts of recent years, the quest for

  3. Investors yank money from hedge funds after poor performance[more]

    From Marketwatch.com: A growing exodus from hedge funds extended to two of the biggest names in the industry Tuesday, Tudor Investment Corp. and Brevan Howard, as disenchanted investors increasingly shun what was once the hottest place to put money. The funds’ problem is clear: They just aren’t perf

  4. Banks look at hedge funds differently - and it should matter to allocators[more]

    From Valuewalk.com: Looking at two bank reports on the same topic can often yield interesting results. There are times when bank research is best viewed from the standpoint of how their analysis does or does not correlate with one another. Regarding hedge fund allocation decisions, one bank appears

  5. Legal - Hedge fund’s fixer kept deals flowing with bribes, U.S. says, Big four banks sued by U.S. hedge funds over BBSW, Lessons for hedge fund managers from the government's failed prosecution of alleged insider trading[more]

    Hedge fund’s fixer kept deals flowing with bribes, U.S. says From Bloomberg.com: With the Miami villa, stopovers at New York’s Plaza Hotel and millions channeled in bribes to win mining deals, Samuel Mebiame was the relationships guy in a corruption scheme that spanned continents, accord