Thu, Aug 21, 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 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. Institutions – Texas Employees sets 2015 tactical plan for alternatives, CalPERS' real estate consultant cautions the pension fund's investment committee, Why Sunsuper likes hedge funds[more]

    Texas Employees sets 2015 tactical plan for alternatives From PIOnline.com: Texas Employees Retirement System will invest in up to four new hedge funds in the next fiscal year, which begins Sept. 1. Trustees approved 2015 tactical investment plans for the hedge fund, private equity and in

  2. Private equity follows hedge funds into reinsurance for long-term capital[more]

    From Artemis.bm: It’s not just hedge funds that are entering the insurance and reinsurance market in search of so-called long-term capital to put to work in their strategies, private equity firms targeting the space are also seeking opportunities to add assets under management. The entry of large pr

  3. North America – New York City’s next hot neighborhoods targeted with property funds[more]

    From Bloomberg.com: New York’s real estate world is filled with tales of ordinary people who bought property decades ago and saw values skyrocket to the millions. Seth Weissman is seeking investors to get in early on the next hot neighborhoods. The veteran of Goldman Sachs Group Inc. and hedge

  4. Investing – George Soros bets $2bn on stock market collapse, Warren Buffett's Berkshire reveals Charter stake, cuts DirecTV, Hedge funds lusting to cash out of MGM, Top hedge fund managers are buying Ally Financial, Hedge funds dumped 5m Herbalife shares in Q2, Paulson & Co hedge fund ups Puerto Rico real estate bet, Netflix Inc., Citigroup Inc, Google Inc are top new picks in Tiger Management’s 13F[more]

    George Soros bets $2bn on stock market collapse From Newsmax.com: Billionaire investor George Soros has increased his financial bet that U.S. stocks will collapse to more than $2 billion. The legendary hedge fund manager has been raising his negative bet on the Standard & Poor's 500 Inde

  5. Investors now net short S&P500 and increased Russell shorts, technicals suggest further selling[more]

    Komfie Manalo, Opalesque Asia: Market Neutral funds increased their market exposure to -1% net short from -6% net short last week, according to Bank of America Merrill Lynch’s Hedge Fund Monitor. The report also added