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 ......................
To view our full article Click here