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Alternative Market Briefing Weekly

Review of hedge fund launches, closures, trends, regulatory and legal events - week 11

Saturday, March 19, 2011

Benedicte Gravrand, Opalesque Geneva:

This week, we heard of launches from Plenum Investments (energy hedge fund); Highbridge Capital (Ucits III commodities fund); Global Fund Exchange (water, natural resources and agriculture fund); Hume Capital (Global Opportunities fund); Grand Slam (maiden hedge fund); Danske Invest (Denmark's first Ucits-compliant hedge funds); and Peak Partners (green fund).

“We have seen more start-up activity in the past 6 months than we have over the course of the entire past 24 months,” Jack McDonald, CEO of Conifer Securities LLC told Opalesque.

Also, BNP Paribas launched a new alternative investments subsidiary; several hedge fund industry veterans launched Privium, a one-stop shop solution for emerging hedge funds; and other hedge fund veterans launched Pulse Capital Partners, for seeding/acceleration and customized portfolio solutions.

New York-based Quantitative Research & Trading (QRT) shut down following a series of investor redemptions, HFMWeek said; HFMWeek also reported that Connecticut-based Plainfield Asset Management, which is currently liquidating its assets, is expected to return all investor capital by June 2012 before making a decision on its future. Finally, Zoe Cruz’s Voras Capital closed its credit fund due to low assets and several employees have left, reported

The Newedge CTA Index is up 1.13% in February, -0.32% YTD; The HFRX Global Hedge Fund Index returned 0.73%, +1.29% YTD; The RBC Hedge 250 Index gained 1.23%, +1.94% YTD; The Barclay CTA Index is up 0.96% (est.), -0.13% YTD; And the Scotia Capit......................

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