Sun, Oct 23, 2016
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. M&A - U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga, Hedge fund Parvus shows hand, toppling William Hill merger deal[more]

    U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga From The fierce battle to buy Britain's biggest private equity group has come to an unexpected conclusion, with the original bidder walking away with the prize. SVG Capital has agreed

  2. Marc Lasry: Energy is still a phenomenal opportunity[more]

    From Distressed debt specialist Marc Lasry said energy debt is still a "phenomenal opportunity" because investors can get "massively overpaid" for the risk they take on. There are "huge opportunities" in the energy sector especially in restructurings, the Avenue Capital Group CEO said Tues

  3. Opalesque Exclusive: Ex-SAC manager re-emerges with market neutral hedge fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: A manager re-emerged from the SAC battleground last year to launch his own hedge fund under the umbrella of New York-based investment firm Endicott Group.

  4. North America - Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation, Billionaire hedge fund titans Dinan, Lasry on election, markets and best investment ideas[more]

    Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation From Kyle Bass, founder of Hayman Capital Management, on Wednesday warned that the U.S. is headed toward so-called stagflation. Stagflation is typically described as persistently high inflation and hi

  5. Macro hedge funds up 3.3% in one week on Fed and Brexit pays off[more]

    Komfie Manalo, Opalesque Asia: Hedge funds were boosted by the strong performance of global macro funds, with the Lyxor Global Macro Index gaining 3.3% as of the week ending Oct. 11 (-1.7% YTD), Lyxor Asset Management reported. Their short on the p