Fri, Nov 28, 2014
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. Unlucky Paulson & Co. rebrands $1.6bn Recovery Fund after 13% drop[more]

    From Businessweek.com: A maturing U.S. economic recovery is prompting Paulson & Co. to change course. The $19 billion hedge fund firm, led by billionaire John Paulson, told investors on a conference call this month that the Paulson Recovery Fund will be renamed Paulson Special Situations Fund on Jan

  2. Opalesque Exclusive: Risk management emerges as a competitive focus area for hedge funds[more]

    Bailey McCann, Opalesque New York: Risk management has always been a core component of any trading strategy, as well as a critical part of business management. However, as macreconomic weakness persists, and alpha becomes increasingly hard to generate, risk management as emerged as a more promin

  3. Opalesque Roundtable: Islamic Finance races ahead with Sukuk, the first managed account platform, and foreign demand[more]

    Komfie Manalo, Opalesque Asia: A number of developments took place within Islamic finance in the past years, including the launch of a Islamic managed account platform and the further growth of the sukuk space that saw this instrument evolve from being a type of an ABS security that was rarely

  4. CTAs , event-driven strategies lead hedge funds recovery in mid-November[more]

    Komfie Manalo, Opalesque Asia: November’s performance proves to be in sharp contrast to the previous month, with equities further consolidating their upswing last week, according to the latest Lyxor Asset Management’s Weekly Brief. CTA funds als

  5. Fund Profile - A complex hedge fund strategy works for United Technologies[more]

    From Institutionalinvestor.com: Reports that portable alpha is dead have been greatly exaggerated, as Mark Twain might have phrased it. Another Connecticut Yankee, giant United Technologies Corp., is gearing up to grow its successful, nearly decade-long portable-alpha program. The UTC strategy took