Sat, May 26, 2018
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 - Hedge funds hike Smurfit Kappa positions amid takeover deal hopes, Hedge fund IBV Capital digs deep to unlock long-term value in a competitive market, Eisman of 'The Big Short' fame recommends shorting Deutsche Bank[more]

    Hedge funds hike Smurfit Kappa positions amid takeover deal hopes From Irishtimes.com: Two US hedge funds, Davidson Kempner and York Capital, have accumulated a combined 4.74 per cent interest in cardboard box maker Smurfit Kappa using financial derivatives. It comes as many investors cl

  2. Foundations of hedge fund managers gave big to controversial donor-advised funds[more]

    In the world of philanthropy and tax-deductible charitable giving, the explosion of donor-advised funds has touched off intense debate. Now, there is evidence that the DAF boom is being further fuelled by hedge fund foundation money. Four of the top five foundations that gave the most to large do

  3. Third Point to raise $400 million for SPAC, Farley to run it[more]

    From Reuters.com: Daniel Loeb's hedge fund Third Point LLC plans to raise $400 million for a "blank check" company which will be run by outgoing stock market operator NYSE Group President Thomas Farley, according to a regulatory filing made on Tuesday. The new company, referred to on Wall Stre

  4. Study: For hedge funds, smaller is better[more]

    From Institutionalinvestor.com: The smaller the hedge fund is, the better its performance is likely to be, according to a new study. The study - "Size, Age, and the Performance Life Cycle of Hedge Funds," released April 26 - sought to determine whether a hedge fund's size and age had any effect on i

  5. Hedge fund returns rose in April for first gain since January[more]

    From Bloomberg.com: Bloomberg Hedge Fund Database shows returns flat this year - Currency strategies had the biggest monthly gain at 13% Hedge fund returns increased 0.78 percent in April, reversing two consecutive monthly declines. The swing of 134 basis points was driven by gains in all seven