Fri, Feb 24, 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 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. People - Kuwait wealth fund head Al Saad said to step down after 14 years[more]

    From Bloomberg.com: Kuwait Investment Authority is set to name Farouk Bastaki as managing director, replacing Bader Al Saad who ran the world's fifth-largest sovereign wealth fund for 14 years, a person familiar with the matter said. The KIA, as the fund is known, is finalizing the appointment, said

  2. Investing - Hedge funds loading up on this dividend stock, The biggest hedge funds have been piling into bank stocks[more]

    Hedge funds loading up on this dividend stock From Incomeinvestors.com: Hedge funds are backing up the truck on Cameco Corp stock. Billionaire Jim Simons owns 389,000 shares. Other Wall Street titans - including Ray Dalio, Ken Griffin, and Chuck Royce - have been quietly building positio

  3. Legal - Fannie, Freddie shares dive after U.S. appeals court ruling[more]

    From Reuters.com: Shares of Fannie Mae and Freddie Mac tumbled more than 30 percent on Tuesday after a U.S. appeals court shut down efforts by hedge funds and other investors to pursue numerous legal claims accusing the U.S. government of seizing their profits following taxpayer bailouts. By a

  4. Institutional investors plan to raise allocations to alternative assets in 2017[more]

    Komfie Manalo, Opalesque Asia: A survey by Context Summits Miami showed that nearly 72% of institutional investors and family offices plan to raise their allocations to alternative asset managers this year, suggesting continued strong demand for the industry. "As many large, brand name f

  5. Comment - Mortgages, mergers and hedge fund fees, Fairholme's Berkowitz responds to court ruling against hedge fund suits of Fannie Mae[more]

    Mortgages, mergers and hedge fund fees From Bloomberg.com: Yesterday the U.S. Court of Appeals for the D.C. Circuit handed down an odd decision in a lawsuit over the government's nationalization of Fannie Mae and Freddie Mac. The key issue is what's called the "Third Amendment," the 2012