Wed, Jun 20, 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 7

Saturday, February 19, 2011

A roundup of the week’s hedge fund launches, closures, index performance, trends, regulatory, legal, and financial events pertaining to the alternative investments industry.

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. Lyxor recommends stockpicking strategies, L/S equity hedge funds well equipped for turbulent markets[more]

    Matthias Knab, Opalesque: Market developments in May saw some trend reversals across the fixed income and commodity space. On the one hand, the unfolding of the Italian political crisis coincided with a rebound of U.S. Treasuries during the second half of May. On the other hand, the rising likeli

  2. North America - George Soros: 'Everything that could go wrong has gone wrong'[more]

    From Marketwatch.com: George Soros, tell us how you really feel. 'Everything that could go wrong has gone wrong. [Trump] is willing to destroy the world.' The 87-year-old billionaire clearly isn't shy about expressing his generally liberal views and distaste for Trump's "America First" platform,

  3. Paper: The performance of stocks actively pitched by hedge funds[more]

    Using a novel dataset drawn from investment conferences from 2008 to 2013, I show that hedge funds take advantage of the publicity of these conferences to strategically release their book information to drive market demand. Specifically, hedge funds sell pitched stocks after the conferences to ta

  4. North America - US fundraising for special purpose acquisition vehicles hits record this year[more]

    From AFR.com: Special purpose acquisition vehicles (spacs) are hitting the US market at the fastest rate on record, attracting the likes of Goldman Sachs and hedge fund investor Daniel Loeb for the two largest such deals in 2018. Spacs have raised $US4.5bn so far in 2018, the largest amount fo

  5. Investing - Man Group and AQR try to take aim at private equity industry, Hedge funds poised to be winners in AT&T-Time Warner deal[more]

    Man Group and AQR try to take aim at private equity industry From FT.com: The popularity of private equity investments has prompted asset managers such as Man Group and AQR to devise strategies that aim to replicate PE returns but at a much lower cost to investors. Both companies a