Tue, Feb 28, 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 18

Saturday, May 07, 2011

Man Group announced one of the biggest hedge fund launches this year with the unveiling of the $1.5bn Nomura Global Trend fund (Japan-focused and event-driven). David Tepper is reported to be planning to seed a new fund that's being launched by Matthew Knauer, one of his senior analysts at Appaloosa. HSBC Alternative Investments Ltd announced the expansion of its flagship HSBC GH Fund of Hedge Funds to clients holding CNH deposits. Pulse Capital Partners, LLC has announced a partnership with Hong Kong-based asset manager Ardon Capital Management Ltd. to launch an Asia-focused event-driven fund. And, Old Mutual Asset Managers (OMAM) has scrapped plans to launch a retail version of its British equity hedge fund.

Justin Pollock said he would close CastleBay Capital Management after failing to attract enough capital.

Hedge funds continue to report their performance for April, with the Paulson Advantage Fund posting a -3.57% YTD loss (through April 22) and YTD losses of -1.7% in the firm’s Advantage Plus Fund. However, Paulson’s Credit Opportunities fund was up +1.4% in April (+7.8% YTD). Ken Griffin’s Citadel funds had modest gains in April, rising just 0.44% while the S&P 500 rose 2.85%. Fortress Investment Group (FIG) has announced that its assets expanded 43% to $43.1bn from a year ago. Peregrine’s South African hedge funds returned 2.09% in April (+4.70% YTD). Catastrophe-risk specialist Nephila Capital lost almost 5% in March after the Japan earthquake and tsunami.

According to Dow Jones Credit Suisse, hedge fund assets expanded 2.2% in the first quarter and attracted $10.1bn in fresh inflows. The assets of Asian-focused hedge funds are expected to reach $180bn by the end of this year. Audley Capital is opening its flagship fund to new investments. Palmer Square invested $25m to seed lo......................

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. Institutional investors plan to raise allocations to alternative assets in 2017[more]

    Komfie Manalo, Opalesque Asia: A survey by Context Summits Miami showed that nearly 72% of institutional investors and family offices plan to raise their allocations to alternative asset managers this year, suggesting continued strong demand for the industry. "As many large, brand name f

  2. Comment - Mortgages, mergers and hedge fund fees, Fairholme's Berkowitz responds to court ruling against hedge fund suits of Fannie Mae[more]

    Mortgages, mergers and hedge fund fees From Bloomberg.com: Yesterday the U.S. Court of Appeals for the D.C. Circuit handed down an odd decision in a lawsuit over the government's nationalization of Fannie Mae and Freddie Mac. The key issue is what's called the "Third Amendment," the 2012

  3. Investing - Hedge funds continue to chase the herd in record Momentum wager, Marshall Wace bets grocer Sainsbury may need rights offering, Hedge fund net exposure has started to retreat, David Tepper's Appaloosa fund makes a huge buy, The 10,000-mile journey to Short Australia, Skeptical hedge fund investors grill Evan Spiegel about Snap's I.P.O.[more]

    Hedge funds continue to chase the herd in record Momentum wager From Bloomberg.com: Hedge funds can't get enough of momentum - even if it means embracing an investing strategy they hate. Loosely defined as betting on shares that went up the fastest over the preceding nine-to-12 months, h

  4. Opalesque Exclusive: Swiss investors take fund seeding and acceleration into their own hands[more]

    Benedicte Gravrand, Opalesque Geneva: Banque Bonhote, a 200-year old Swiss private bank, last year launched a community of investors - heads of Swiss family and advisory offices and wealth managers - with the aim of co-investing in the kind of managers they wanted to invest in, either by way of s

  5. K2 Advisors : Why We Like Activist Hedge Fund Strategies and Some Thoughts on Alpha[more]

    Matthias Knab, Opalesque: Rob Christian, Senior Managing Director, Head of Research K2 Advisors, Franklin Templeton Solutions, writes on Harvest Exchange: When d