Wed, Jun 29, 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 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. Blackstone buys minority stake in New York-based credit hedge fund Marathon[more]

    Benedicte Gravrand, Opalesque Geneva: Blackstone Strategic Capital Holdings Fund, a vehicle managed by Blackstone Alternative Asset Management (BAAM), has acquired a passive, minority interest in Marathon Asset Management, for an undisclosed sum. Based in New York,

  2. Investing - Soros, Druckenmiller among hedgies profiting in market plunge, Hedge funds were most bullish on bonds since 2004 before Brexit, Surprise Brexit vote unleashes scramble for dollars, High-yield hit on Brexit but no panic selling, Scientist turned hedge fund founder lured to pound, euro, Hedge fund avoids commodities, posts big gains[more]

    Soros, Druckenmiller among hedgies profiting in market plunge From HITC.com: Bullish positions in gold and volatility and well-timed short bets on China and emerging markets, among other areas, were some of the trades that benefited hedge funds on Friday as markets digested Britons' s

  3. Manager Profile - A 26-year old hedge fund manager called Brexit — here's what he thinks about the historic vote[more]

    From Businessinsider.com: Taylor Mann is not your typical fund manager. The twenty-six year old Texas A&M graduate manages Pine Capital in Larue, Texas (population 160), where he resides with his three-year old daughter. Also atypical compared with many of the largest funds out there, Mann makes

  4. Visium hedge fund manager Sanjay Valvani found dead[more]

    Benedicte Gravrand, Opalesque London: A hedge fund manager connected with an insider trading case has apparently committed suicide. Sanjay Valvani, 44, a hedge fund manager at New York-based Visium Asset Management, was found dead in an apparent suicide on 21 June in his Brooklyn residence,

  5. People - Mariner Investment’s co-CIO Williams to leave $5.5bn firm, IOOF hires new alternatives portfolio manager[more]

    Mariner Investment’s co-CIO Williams to leave $5.5bn firm From Bloomberg.com: Basil Williams, co-chief investment officer of Mariner Investment Group, is leaving the $5.5 billion hedge-fund firm after negotiations to renew his contract failed. Williams will stay in his role until t