Fri, Feb 12, 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 52

Friday, December 31, 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 30th December, 2010.

The average hedge fund was up 6.12% for the year through Nov. 30, according to Morningstar - the second-worst showing since the fund tracker began measuring performance in 2003, reported Barron’s; and Credit Suisse noted in a report this month that inflows into hedge funds had been “somewhat slower”, which could have been caused by the insider trading investigations.

Within the hedge fund world, the Dexion Commodities board reportedly put forward proposals for the company to wind down; Crispin Odey raked in £36.4m in 2010 thanks to a barnstorming year for his investment firm, said The Daily Mail, and traders shared the rest of the £84m profit pot; Farallon Capital received a rash of redemption requests from institutional investors for its multi-strategy flagship this fall even as it raised $750m for a new Asia-focused special situations fund, said PIonline.com; the hard closure of Oceanic Hedge Fund Limited was lifted; Larry Seidman took a 5.57% stake in bank Colonial Financial Services; Sloane Robinson and Deutsche Bank are planning a Asia-focused UCITS fund on the DB Platinum platform; French bank BNP Paribas froze two FoHFs worth around €236m ($309.5m) for technical reasons after entrusting them to another portfolio manager; TrimTabs and BarclayHedge noted that hedge fund managers had turned bullish on US equities, betting aggressively on economic recovery; and two smaller Asian hedge funds (Thai Focused Equity and Albizia ASEAN Opportunities funds) that bet on Thai and Southeast Asian stocks and gained more than 80% YTD, have received only a trickle of fresh inflows, said Reuters.

In the investors’ corner, Detroit's two public pensions reported losses of more than $480m in risky investments incl......................

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. Investing - Real estate secondaries sole 'bright spot' in 2015, As hedge funds stumble, one firm prepares to buy illiquid stakes[more]

    Real estate secondaries sole 'bright spot' in 2015 From IPE.com: The secondary market for property was the sole “bright spot” over the course of 2015, as hedge fund secondaries saw deals fall by two-thirds, according to a wide-ranging survey of the market. Setter Capital said 2015 saw th

  2. Asia - Hedge fund manager Kyle Bass estimates China's foreign reserves below critical level[more]

    From Nasdaq.com: Investor Kyle Bass stepped up his attack on China's currency, arguing in an investor letter distributed Wednesday that the second-largest economy's foreign reserves are "already below a critical level." The comments mark the latest effort by hedge funds and other investors to raise

  3. Investing - Some hedge funds want to make subprime auto loans next big short, 11 hedge funds that are “all in” on the FANG stocks, Hedge funds short London luxury homes, Cynet raises $7 million from U.S. hedge fund[more]

    Some hedge funds want to make subprime auto loans next big short From Bloomberg.com: A group of hedge funds, convinced they have found the next Big Short, are looking to bet against bonds backed by subprime auto loans. Good luck finding a bank willing to do the trade. Money manage

  4. Investing - Hedge funds see selloff in European bank stocks as buying opportunity[more]

    From WSJ.com: The massive selloff in European bank stocks and bonds is overdone and presents a “phenomenal” buying opportunity, according to some of Europe’s top hedge-fund managers. Despite a 28% slump in European bank stocks this year, including a 38% fall in Deutsche Bank AG and a 34% drop in Soc

  5. Legal - Carlyle accused of fraud by ex-employee, Hedge funds win CDS breach of contract suit against Deutsche Bank, Hedge fund asks for OK on $27.5m Goldman CDO deal, SFO examines Barclays hedge fund profits[more]

    Carlyle accused of fraud by ex-employee From AI-CIO.com: A former portfolio manager claims he was fired for blowing the whistle on “crazy” and “irresponsible” investments. Carlyle Group has been sued by a former portfolio manager for one of its hedge funds, who accused the firm of “knowi