Sat, Oct 25, 2014
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 17

Saturday, April 30, 2011

The week after the long Easter break saw only a few launches including those by Emerald Orient Investment Advisors, which is set to launch a Greater China dedicated hedge fund (technology and consumer focus). Natixis Alternative Investments announced an event driven UCITS fund, Citadel hired Jamil Nazarali and Matt Cushman (both formerly of Knight Capital Group) to lead a new effort in quantitative trading, and Renaud Saleur left Jabre Capital (on good terms) to bring his fund to Duet Group.

Trafalgar Asset Management announced that it will close its flagship fund, the $450m Trafalgar Catalyst Fund, as a result of "material" investor redemption requests.

Hedge funds have started to report their first quarter performance and Trafalgar’s Global Credit Master Fund reported +1.34% returns) bringing the year-to-date performance to 3.7%. ALTIN AG, the Swiss alternative investment company, reported a 12.47% return for 2010.

According a TheCityUK report Hedge Funds 2011, global hedge funds' assets increased by 13% in 2010 to $1.9tln for a second successive year of growth. Winton Capital Management LLC grew by 34%, bumping Louis Moore Bacon’s Moore Capital Management LLC from the list of the top 20 hedge funds. Ferox Capital LLP has announced that its Salar Convertible Absolute Return Fund is nearing the $100mm in assets mark.

In an interview with Bloomberg Radio’s "Taking Stock," Todd Salamone, Vice President of research at Schaeffer's Investment Research says hedge funds may become bigger investors this year. Blackstone Group has announced it has established a small beachhead in Moscow and described the leveraged buyout deals in the United States as "pricey.” The world’s biggest money manager BlackRock Inc., reported a 34% rise in first-quarter profit to $568 mil......................

To view our full article Click here

Banner

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. Commodities - Oil wreaking havoc on small-cap energy stocks sliding 36%[more]

    From Bloomberg.com: Owning almost anything in the U.S. stock market has been a losing proposition since September. Owning smaller energy companies has been a catastrophe. Hercules Offshore Inc. and Resolute Energy Corp. are among 19 oil-and-gas equities in the Russell 2000 Index that lost more than

  2. Investing - Hedge funds favor equity long/short, Strategic bond managers hedge against further high yield sell-off[more]

    Hedge funds favor equity long/short From Securitieslendingtimes.com: Equity long/short strategies will generate good returns for hedge funds in the future, according to a panel at this year’s Risk Management Association Conference on Securities Lending in Naples, Florida. Panellists Sand

  3. Legal - Ex-hedge fund analyst weeps as judge hands down 5 year sentence, Former Columbus investment manager Steven P. Moore indicted on theft charges, SEBI confirms ban for Hong Kong hedge fund, SEC announces enforcement action against compliance officer[more]

    Ex-hedge fund analyst weeps as judge hands down 5 year sentence From Hereisthecity.com: An ex-hedge fund analyst was sentenced to 5 years in prison for his role in insider-trading scheme. The New York Post reports that former hedge fund analyst Matthew Teeple was sentenced Thursday to fiv

  4. Goldman in talks to acquire IndexIQ[more]

    From Bloomberg.com: Can Goldman Sachs put ETF investors on a liquid diet? Goldman is in talks to acquire IndexIQ, Reuters has reported. Index IQ is a small exchange-traded-fund firm known mostly for products that replicate hedge fund strategies, called "liquid alternative" ETFs. While IndexIQ has 11

  5. Other Voices: CALPERS dilemma should be a warning to hedge funds wanting institutional investors[more]

    From Ian Hamilton, founder of IDS Group. A quick comment on the CALPERS’ disinvestment from the hedge fund market and the jitters it is causing. Pension Funds should not be sheep and follow CALPERS’ decision as the issues that CALPERS has with hedge fund investments are in many ways unique t