Fri, Aug 18, 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 51

Friday, December 24, 2010

Benedicte Gravrand, Opalesque Geneva: A roundup of the week’s hedge fund launches, closures, index performance, trends, regulatory, legal and financial events pertaining to the alternative investments industry – up to 23rd December.

Last week, Asia-based Sparx, Cosmo and PMA together are planning to launch a pan-Asia hedge fund.

Morningstar 1000 Hedge Fund Index went down -0.99% in November, 5.89% YTD; most Edhec hedge fund indices were flat; and the Greenwich Composite Investable Index was down 0.58%, +1.28% YTD.

There were more news of relocation and people stepping down in the industry: British hedge fund firm 36 South Capital Management plans to move its funds to Ireland to cut costs, providing a boost to the troubled country after its $112bn bailout, said Reuters; Golden Tree’s co-founder and chairman Leon Wagner is retiring; Balkany’s co-founder Julien Balkany moved on to new opportunities; and GLC’s CEO Caroline Hoare stepped down.

KCIC and a group of 29 other investment firms from around the globe have come together to provide input and have a key role in widening adoption of the standards among hedge funds managers internationally through the newly launched Investor Chapter at Hedge Fund Standards Board (HFSB).

Prices on the hedge fund secondary market remain volatile according to the latest data from Hedgebay, and this is likely to extend to 2011.

An Aviva survey of European investors with almost €280bn in AuM has found that almost 90% are looking to increase their allocation to absolute return strategies over the next three years. In the world of institutional investors, the New Mexico Public Employees Retirement approved a $35m allocation to the Wexford Spectrum Fund to replace its investment with Farallon Capital Institutional Partners, HFMWeek learned; Nevada System pulled out $45m of Farallon’s m......................

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: Albright Capital puts a value lens on emerging markets[more]

    Bailey McCann, Opalesque New York: Over the past decade, investors have steadily increased investments in emerging markets private funds. Allocations to the cohort have increased from $93 billion in December 2006 to $564 billion in September 2016, according to data from research firm Preqin. Howe

  2. Jasper Capital International joins Hedge Fund Standards Board[more]

    Komfie Manalo, Opalesque Asia: Diversified and systematic investment firm Jasper Capital International has become the second China-based signatory to the Hedge Fund Standards Board (HFSB), an organization that brings hedge fund managers and investors together to set standards for the hedge fund i

  3. FinTech - Danger: Crowdfunding on the wrong platform could force you to go public[more]

    From LinkedIn.com: Some equity crowdfunding platforms are putting startups at serious risk. Working with a platform that doesn't structure your deal appropriately could jeopardize your ability to raise future capital or worse, force you to become a public reporting company. The emergence of eq

  4. David Tepper says we're 'nowhere near an overheated' stock market[more]

    From Marketwatch.com: Billionaire David Tepper thinks comparing this current stock-market environment with the overheated markets of 1999 is "ridiculous." The hedge-fund manager, who runs Appaloosa Management, told CNBC in a phone interview on Tuesday that the market's record run, notwithstanding la

  5. Opalesque Exclusive: Altegris and Artivest partner on distribution for alternative funds suite[more]

    Bailey McCann, Opalesque New York: California-based investment firm Altegris has partnered with New York-based alternative investments platform Artivest on distribution for $1 billion in alternative funds. The partnership also launches Artivest's capabilities to offer alternative solutions to acc