Tue, Mar 31, 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 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. Other Voices: Does the hedge fund industry benefit society?[more]

    This article was authored by Don Steinbrugge, Chairman of Agecroft Partners, a US-based global consulting and third party marketing firm for hedge funds. It is no secret that the hedge fund industry is viewed negatively by a la

  2. Private credit comes into focus for investors[more]

    Bailey McCann, Opalesque New York: As investors look for a way out of the low yield/no yield environment, private credit is becoming an increasingly attractive asset class, according to a white paper from Bayshore Capital Advisors. Private credit has grown steadily since the financial crisis as

  3. M&A - Hedge funds no longer attractive targets for banks, reinsurers, Blackstone buys stake in Christopher Pucillo’s Solus event-driven hedge fund[more]

    Hedge funds no longer attractive targets for banks, reinsurers From Institutionalinvestor.com: Swiss RE, the world’s second-largest reinsurer, is looking to sell its 15 percent stake in Jersey, Channel Islands–based hedge fund firm Brevan Howard Asset Management. Morgan Stanley reported

  4. Opalesque Radio: Threadneedle expects continuing equity volatility this year[more]

    Benedicte Gravrand, Opalesque Geneva: Investors should expect more volatility, which is signaling a "slow moving" top to the market, KKM Financial’s founder and CEO Jeff Kilburg told CNBC on Monday. And this volatility is going

  5. Hedge funds show strong performance of 2.52% so far in 2015[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry got off to a strong start in 2015 "completely unmindful" of the poor performance last year, according to data provider Preqin. According to Preqin, following a year which saw the average he

 

banner