Thu, May 26, 2016
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 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 NYpost.com.

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......................

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. Paul Tudor’s hedge fund trims fee amidst poor performance, keep investors[more]

    Komfie Manalo, Opalesque Asia: Paul Tudor’s $11.6bn hedge fund firm Tudor Investment Corp. announced on Monday it would slash down fees of one of its biggest fund to 2.25% of assets and 25% of profits amidst backlash arising from poor performa

  2. Ares Capital to buy American Capital in $3.4 billion deal[more]

    From PIOnline.com: Ares Management's business development company Ares Capital Corp. is buying troubled BDC American Capital for $3.43 billion, said a joint news release by the BDCs and another release by Ares Management. Ares Capital Corp.'s assets are expected to grow to about $13.2 billion when t

  3. Performance - Hedge fund ETFs take a battering, Have long-short credit funds delivered?[more]

    Hedge fund ETFs take a battering From ETFStrategy.co.uk: It was a blow for the hedge fund world when Hillary Clinton’s son-in-law Marc Mezvinsky announced he would be closing his Greek-focused fund after it plummeted in value by 90%, just two years after it launched. For passive investor

  4. West Virginia objects to Alpha Natural sale to hedge fund[more]

    From AP/Heraldcourier.com: West Virginia's environmental authority has filed an objection to the proposed $500 million sale of Alpha Natural Resources' assets to a hedge fund, arguing that the deal could leave the state holding hundreds of millions in reclamation liabilities. The Register-Hera

  5. Launches - Man Group and American Beacon launch new emerging debt fund, Nikko AM launches new Japan equity UCITS fund[more]

    Man Group and American Beacon launch new emerging debt fund American Beacon Advisors, an experienced provider of investment advisory services to institutional and retail markets, launched the American Beacon GLG Total Return Fund today. The Fund became effective May 20. The America