Wed, Jul 27, 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 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: California-based manager launches long/short equity hedge fund with unique algorithm[more]

    Benedicte Gravrand, Opalesque London for New Managers: SJL Capital LLC, an investment advisory firm based in California, has launched its maiden fund, the SJL MarketDNA Hedge Fund LP. The fund, which began trading

  2. Manny Roman to move from Man to Pimco[more]

    Benedicte Gravrand, Opalesque London: Emmanuel (Manny) Roman, an investment world veteran, has been hired by PIMCO, the large US bond fund house, as chief executive officer. PIMCO's current CEO Douglas Hodge will assume a new role as managing director and senior advisor when Roman joins P

  3. Opalesque Exclusive: ArbitrOption outperforms benchmarks, up 7.18% in H1[more]

    Komfie Manalo, Opalesque Asia: Independent registered advisor ArbitrOption breezed through the tumultuous Brexit referendum and outperformed its benchmarks. ArbitrOption was up 7.18% in the first half of 2016 compared to the S&P 500 which gain

  4. Europe - European hedge funds shrink and shutter as turmoil hurts returns, Investors go bargain-hunting for U.K. property after Brexit vote, Brexit: Guidance for fund directors - what to know and what to ask[more]

    European hedge funds shrink and shutter as turmoil hurts returns From Bloomberg.com: Europe’s hedge-fund industry contracted for a sixth straight quarter as the U.K.’s decision to leave the European Union and concerns that China’s growth is slowing caused losses and forced some money man

  5. Platinum Partners starts liquidation of hedge funds following municipal union kickback scandal[more]

    Komfie Manalo, Opalesque Asia: Platinum Partners, the hedge fund in the middle of a New York City municipal union kickback investigation, is reported to be liquidating two of its funds, the New