Thu, Dec 8, 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. M&A - AllianzGI to acquire Sound Harbor Partners, SS&C completes acquisition of Wells Fargo's Global Fund Services business[more]

    AllianzGI to acquire Sound Harbor Partners Allianz Global Investors (AllianzGI), an active investment manager, announced that Sound Harbor Partners, a US private credit manager led by Michael Zupon and Dean Criares, have agreed to join its fast-growing Private Debt Platform. Under the te

  2. Hunt for yield pushes more investors into riskier assets[more]

    From FT.com: Pension funds and insurance companies have increasingly embraced riskier assets in their hunt for higher returns over the past five years. Alternative assets such as property, infrastructure, private equity and hedge funds have been bought up by institutional investors in a world where

  3. People - Nectar Financial hires senior investment team, Texas A&M replaces retiring foundation investment chief, Ex-Cadwalader partner Woolery makes another sudden exit, How to become a Python coder at a top hedge fund, by the co-CTO of Man AHL[more]

    Nectar Financial hires senior investment team Nectar Financial AG, a Swiss financial technology company for wealth and asset management, has announced that it has hired two key senior leaders to spearhead its digital asset management efforts. The company also announced that it has entere

  4. Activist News - Cognizant has introductory discussion with activist investor Elliott; to review letter, Starboard Value makes huge investment in Hewlett Packard, Hedge fund calls for removal of First NBC Bank CEO[more]

    Cognizant has introductory discussion with activist investor Elliott; to review letter From Indiatimes.com: Cognizant said it had an introductory discussion with Elliott Management after receiving the activist hedge fund's letter asking for a board shakeup, a buyback, a dividend and chan

  5. Opalesque Exclusive: Ireland relaxes treatment of direct lending funds[more]

    Bailey McCann, Opalesque New York: The Irish Central Bank has relaxed its treatment of direct lending funds, according to a recently released