Last week, we heard of fund launches from Antarctica Asset Management (global macro), CedarBridge Capital (from ex Wachovia European Investment Bank head Atul Bajpai), Denjoy Capital Partners (l/s equity fund launched by former Brevan Howard PM Frederic Denjoy) and a multi-strategy FoHFs from Attucks Asset Management.
We learned that Equanum Capital Management will move to Singapore as it starts an India fund (long-biased), Guangzhou Anhuitong Investment Co Ltd announced plans to launch its first hedge fund, and Butterfield Fulcrum is re-launching its managed accounts platform, Altinus. Opalesque spoke with $5m technology led futures fund BlackCat and last but not least, Mark Mobius, chairman of Franklin Templeton’s Emerging Markets Group caused a stir this week as he is reported to be considering launching a hedge fund
The UCITS rollouts continue. RWC Partners has scheduled its UCITS III RWC Enhanced ARC (Absolute Rate and Currency) Fund to launch in February 2011, Morgan Stanley launched a new fund (L/S equity) under its Ucits Irish Umbrella to be managed by Indus Capital Partners LLC, and GAM will launch two UCITS III funds for Graham Wainer.
The RBC Hedge 250 Index returned +2.25% in December (+6.42% in 2010); the Lyxor Global Hedge Fund Index up 2.3% (+5.8%); the Newedge CTA Index posted 3.35% (+9.28%); the Edhec-Risk Alternative Global CTA Indexes up 4.53%, (+10.0% YTD); the Dow Jones Credit Suisse Hedge Fund Index up 2.90%, (+10.95% YTD); the HFRX Global Hedge Fund Index up 2.36%, (+5.19% YTD): and the Scotia Capital Canadian Hedge Fund Index up 2.23% (20.16% YTD) on asset weighted basis, +2.20% (+14.78% YTD) on equal weighted basis.
Hedge fund tracker Eurekahedge reported that hedge fund assets hit $1.917tln in 2010. Europe’s largest listed fund Man Group’s stood at......................
To view our full article Click here