Wed, Jan 28, 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 50

Saturday, December 18, 2010

Benedicte Gravrand, Opalesque Geneva:

Last week, we heard of fund launches James Chanos (hedge fund); John Paulson (Ucits fund); East Coast and Arrow Hedge (grade credit instruments fund); GSB Podium Advisors (UCITS version of equity statistical arbitrage strategy); Hatteras (Multi-Strategy Funds); Auriel (dynamic currency hedging programme); Bridgewater (liquid version of Pure Alpha Fund); and Derwent Capital Markets (hedge fund using Twitter as stock market predictor). Also, Morgan Sze is to leave Goldman Sachs to launch Asia hedge fund in Hong Kong; and Icahn’s former lieutenant Keith Meister is planning an event-driven fund.

Hedge Fund Research reported that hedge fund launches had accelerated (to 260 in Q3) as managers are embracing transparency, Ucits III, that liquidations had declined by 30%+ as risk tolerance returned, and that incentive fees continue to decline.

Reach Capital's Nigel Hart liquidated its fund and terminated its role as sub-advisor for UBS Wealth Management; and NYC-based hedge fund Williamson McAree shut down due to negative performance and the fund’s small size.

The Barclay Hedge Fund Index gained +0.56% in November, +7.75% YTD; The Barclay CTA Index lost 1.08% (est.), +3.77% YTD; The Newedge CTA Index was down -2.82%, +5.85% YTD, and the AlternativeEdge Short-Term Traders Index was down -1.36%, -0.40% YTD; The Dow Jones Credit Suisse Hedge Fund Index confirmed to finish down 0.18%, +7.82% YTD; The RBC Hedge 250 Index returned 0.25%, +4.05% YTD; The Lyxor Global Hedge Fund Index returned -0.8%, +3.5% YTD; And the Scotia Capital Canadian Hedge Fund Performance Index was up 3.85%, 17.54% YTD.

The Eurekahedge Hedge Fund Index gained 0.40% in November, 7.72% YTD; Eurekahedge also reported that total assets registered a slight decline of $2.55bn, bringing the total size of the industry to $1.64tn; and that Asia ex-Japan hedge funds had attracted the largest monthly net ......................

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. Investing - U.S. investors favor currency hedged Europe ETFs as euro tumbles, Quants win back investors as Swiss franc fuels volatility gains, David Einhorn's $7bn hedge fund is loading up on this stock, Hedge fund BlueMountain Capital unveils Ocwen Financial short, claims default on notes[more]

    U.S. investors favor currency hedged Europe ETFs as euro tumbles From Reuters.com: U.S. investors stung by the falling euro who want to stay invested in Europe are turning to exchange-traded funds designed to strip out the impact of the region's currency. The biggest among so-called "cur

  2. News Briefs - Millennials use tech tools to jump into investing, Winklevoss twins to launch bitcoin exchange with FDIC insured deposits, Robertson’s legacy from hedge funds to New Zealand, Real estate managers exploring smaller open-end funds[more]

    Millennials use tech tools to jump into investing It is the Facebookification of monetary investing. From social networking platforms that enable young investors to stick to every other's stock-picking mojo, to internet sites for initially-timers hungry for a piece of the Silicon Valley

  3. Top performing private equity firms you should invest in[more]

    Komfie Manalo, Opalesque Asia: Professor Oliver Gottschalg of Paris-based HEC Business School, also known as Ecole des Hautes Etudes Commerciales de Paris has released his annual ranking of the top performing private equity firms. The 2014 HEC-DowJones Private Equity Performance Ranking

  4. Comment - Why invest in hedge funds if they don't outperform the market?[more]

    From Forbes.com: Hedge funds have always been a bit exotic and an enigma to some, but bottom line they are supposed to produce good returns using a range of strategies including global macro, event driven and relative value (arbitrage). And, sophisticated or high-net-worth individuals (HNWIs) could

  5. Owen Li 'truly sorry' for blowing up $100m of hedge fund’s assets[more]

    From CNBC.com: A hedge fund manager told clients he is "truly sorry" for losing virtually all their money. Owen Li, the founder of Canarsie Capital in New York, said Tuesday he had lost all but $200,000 of the firm's capital—down from the roughly $100 million it ran as of late March. "I take r