Thu, Jun 22, 2017
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

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. Comment: For emerging market debt, a sustainable recovery[more]

    Matthias Knab, Opalesque: Standish Mellon Asset Management Company writes on Harvest Exchange: After several difficult years, the outlook for emerging market debt (EMD) denomin

  2. J.P. Morgan Global Alternatives raises distressed shipping fund[more]

    From Institutionalinvestor.com: J.P. Morgan Global Alternatives has closed a $480 million fund to invest in distressed shipping assets, attracting capital from pensions, endowments and insurance companies. The firm, which has been investing in maritime for more than a decade, initially targeted $400

  3. FinTech - Rise of robots: Inside the world's fastest growing hedge funds[more]

    From Bloomberg.com: Believe the hype. Quants have never been more popular. After doubling over the past decade, assets run by so-called systematic funds have hit a record $500 billion this year, according to estimates from Barclays Plc. In some ways, their meteoric rise is due to the same technolog

  4. Legal - Bond market concerns could scuttle Paulson's Fannie-Freddie plan[more]

    From Bloomberg.com: A hedge fund proposal for freeing Fannie Mae and Freddie Mac from U.S. control is poised to face stiff opposition from investors who say it risks wrecking the mortgage-bond market. The Moelis & Co. blueprint, which firms including Paulson & Co. and Blackstone Group LP sponsored,

  5. Other Voices: Are your pricing policies and procedures for less liquid instruments adequate?[more]

    Komfie Manalo, Opalesque Asia: The unrelated position mismarking incidents that quickly precipitated the closures of both Visium Asset Management and Marinus Capital have been recent focal points for market participants, but regulatory scrutiny of valuation choices for less liquid instruments is