Sat, Sep 5, 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 49

Saturday, December 11, 2010

Benedicte Gravrand, Opalesque Geneva:

Last week, we heard of fund launches from Insparo (Africa); Christofferson Robb (liquid version of flagship); Gorelick Brothers (closed-end FoHFs); Venus Capital (India Emerging Leaders) ; and Algebris Investments (fund focusing on capital securities that regulators say banks must issue).

Ex-hedge fund manager Marcel Melis started a capital-raising company; Atlanta-based law firm Morris, Manning & Martin launched a funds and alternative investments group; and New Zealand-based quant manager Pure Capital launched a new advisory service called 'CTAllocate'.

The Bloomberg Aggregate Hedge Fund Index fell 1.5% in November, +6.1% YTD; The Lyxor Hedge Fund Index went down 0.78%, +3.49% YTD; The UCITS HFS Index was up 0.78%, 4.42% YTD; The UCITS Alternative Index Global returned -0.21%, +0.78% YTD; The HFRI Fund Weighted Composite Index gained 0.26% (est.), +7.12% YTD; The Hennessee Hedge Fund Index was up 0.2%, +7.0% YTD; The Dow Jones Credit Suisse Hedge Fund Index went down -0.28% (est.), +7.72% YTD; The Eurekahedge Hedge Fund Index gained 0.55% (est.), +7.2% YTD; And the Greenwich Global Hedge Fund Index was flat at 0.1%, 7.3% YTD.

TrimTabs Investment Research and BarclayHedge reported that the hedge fund industry posted an estimated inflow of $16.0bn (1.0% of assets) in October 2010, the fourth straight inflow as well as the heaviest since November 2009; assets administered in the fund of hedge funds (FoHFs) sector have climbed 2% in the past six months, to a total of $1.065trn, reported HFMWeek's 15th Assets under Administration (AuA) survey; and the money invested in more than 180 Geneva-based FoHFs totalled $14.8bn......................

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. Opalesque Exclusive: New Detroit-based CTA seeks to take advantage of coming volatility[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging manager has just set up his one-man shop in the city of Detroit. Synchronicity Futures,

  2. Opalesque Exclusive: When the SEC calls, fund managers need to get out of their own way[more]

    Bailey McCann, Opalesque New York: New pressure is hitting alternative investment funds from all angles. So far this month both hedge fund and private equity players have seen enforcement actions, and subsequent fines over fees, disclosures, and misleading statements. Citi one of the biggest

  3. Fortress hedge fund manager David Dredge says markets trouble on the way[more]

    From AFR.com: David Dredge of global hedge fund Fortress has built a career studying, predicting and protecting against the world's major financial crises. The recent convulsions in global sharemarkets are "just the beginning" of a painful adjustment as money drains from the emerging market economie

  4. North America - Puerto Rico agency plans talks with hedge fund creditors[more]

    From WSJ.com: Puerto Rico’s Government Development Bank is planning to begin confidential debt-restructuring talks with hedge funds that own its bonds as early as next week, said a person familiar with the matter. The parties are set to discuss a plan under which the investors would lend additional

  5. Launches - BlackRock’s McKenna starts hedge fund with $270m, Ex-BlueBay fund managers Phillips, Fayman to launch hedge fund in 2016, Dallas lawyer, Wall Street-savvy doctor team up to form biotech-focused hedge fund[more]

    BlackRock’s McKenna starts hedge fund with $270m From Bloomberg.com: BlackRock Inc. has started an event-driven hedge fund one year after hiring Harvard Management Co.’s Mark McKenna to run the strategy. Global Event Partners, which seeks to profit from corporate events such as takeovers

 

banner