Thu, May 28, 2015
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 7

Saturday, February 19, 2011

Last week, we heard of fund launches from Bill Winters, a former top JPMorgan Chase & Co official plans to launch an asset management and hedge fund company in London, and learned that Shumway Partners' star portfolio manager Tom Wilcox is starting his own hedge fund. The Chinese will soon have their first hedge fund, to be launched by Guotai Junan Securities Co. (China-focused) and it will used index futures to mitigate systematic risks. There was also news about new funds from Insparo Asset Management (Africa focused equity fund), Ionic Capital (convertible arbitrage), and Matarin Capital announced two new funds (long/short equity and opportunistic long and shorts).

UCITS funds were launched by GLG, which unveiled its version of North America Absolute Return fund, and by Schroders which launched two currency hedge funds, the Schroder ISF Absolute Return Currency EUR and Schroder ISF Absolute Return Currency USD (Ucits); and Credit Suisse announced plans to release a leveraged version of its merger arbitrage exchange-traded note (ETN).

After poor performance since 2008, Christian Siva-Jothy will close SemperMacro Fund's positions this month, Goldman Sachs Group Inc announced that it is winding down its Global Macro Proprietary Trading desk. Morgan Stanley may not push through with FrontPoint’s spin off as investors demanded at least $500m in redemptions, and the recent Shumway closure was further proof that stakes in hedge funds tend to be poor investments (Tabb Group).

Newedge CTA Index was down -1.47% in January; the Barclay Hedge Fund Index up +0.52%; the Dow Jones Credit Suisse Hedge Fund Index c......................

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. Opalesque Exclusive: SEC approves proposed changes to Form ADV, '40 Act - comment period to follow[more]

    Bailey McCann, Opalesque New York: Hedge funds and providers of liquid alternatives will want to pay close attention to proposed reforms approved by the SEC yesterday. The changes will require more frequent reporting, as well as a closer look into social media, liquid alternative strategies, and

  2. Investing - Hedge funds buy swathes of foreclosed subprimes, force up rents, float rent-bonds, Hedge funds buy Actavis, Valeant. ETFs join the party, The most loved biotechs of big hedge funds, Stocks to buy ... according to hedge funds, Atlantic City bond offering attracts hedge funds as buyers, Okumus Fund Management discloses huge new Ascent Capital Group stake[more]

    Hedge funds buy swathes of foreclosed subprimes, force up rents, float rent-bonds From Boingboing.com: When a giant hedge fund is bidding on all the foreclosed houses in a poor neighborhood, living humans don't stand a chance -- but that's OK, because rapacious investors make great landl

  3. Institutions - Institutional investors turn to real estate, planes, Assets at Boston’s five biggest family nonprofits rise to $3.5bn[more]

    Institutional investors turn to real estate, planes From Joins.com: The National Pension Service and domestic emerging market specialists who did not know where to invest in a low interest rate environment are turning to other investments like the blue-chip real estate market abroad.

  4. Opalesque Exclusive: BMO launches multi-strat '40 act fund[more]

    Bailey McCann, Opalesque New York: As we reach new market highs, investors are looking for a way to diversify and protect their portfolios from a potential market correction. Liquid alternatives are rapidly gaining ground as a critical tool for investors to use to mitigate downside risk. The BMO

  5. All hedge fund strategies rebounded last week as market conditions normalize[more]

    Komfie Manalo, Opalesque Asia: After a difficult start this month, all hedge fund strategies ended last week in positive territory, as the Lyxor Hedge Fund Index gained 0.9% (-0.2% MTD, 3.3% YTD). According to Lyxor AM’s latest Weekly Briefing, in t

 

banner