Thu, Jan 19, 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 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. The Big Picture: The case for emerging market debt in 2017[more]

    Benedicte Gravrand, Opalesque Geneva: Emerging market (EM) assets outperformed in 2016 mainly because of stronger fundamentals and an improving international environment, with GDP picking up speed, leading to positive earnings revisions for the first time in five years,

  2. Investing - This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally, Hedge fund legend David Einhorn is making a big bet on GM, After impressive 85% return in 2016, hedge fund looks to Canadian gold producer, small banks[more]

    This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally From Forbes.com: Can bank stocks continue to rise after a 28% surge in the KBW Bank Index in 2016, fueled by a post-election rally as stock pickers returned to the beaten down sector? Forget the s

  3. Short Selling - Long-short hedge funds are ditching the shorts to focus on longs[more]

    From Bloomberg.com: What happens when you take the "short" out of a long-short trading strategy? Some hedge funds are about to find out. Equity long-short fund managers, the biggest category in hedge funds, hold the fewest bearish stock bets on record, data compiled by Credit Suisse Group AG s

  4. SWFs - China sovereign wealth fund CIC plans more U.S. investments[more]

    From Reuters.com: China Investment Corporation (CIC), the country's sovereign wealth fund, is looking to raise alternative investments in the United States due to low returns in public markets, its chairman said on Monday. CIC will boost its investments in private equity and hedge funds as wel

  5. Some hedge funds strong start in 2017 nice contrast to 2016[more]

    With the 2016 HSBC Hedge Weekly performance rankings in the books - a year in which the same leader-board entries pretty much dominated unchallenged throughout the year - comes a new leader board that is a hard-scrabble mix of hedge fund styles and categories. What is clear after but a few short wee