Sun, Nov 29, 2015
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 19

Saturday, May 14, 2011

Last week we learned that pension fund manager APG will launch a second hedge fund seeder vehicle, that AllianceBernstein has launched the European Flexible Equity Fund (l/s, UCITS), and that Natixis Global launched the Natixis Euro High Income Fund. Barak Fund Management has announced the launch of its new derivatives fund, and DUNN Capital a UCITS III fund that will be available on the MontLake Platform.

AQR has launched a managed futures fund, Chelsea Clinton’s husband Marc Mezvinsky will open a hedge fund, and the UK FSA has approved the infamous Twitter hedge fund. Tiger Cub said he would close three Millgate funds, and Brevan Howard Asset Management is said to be considering shutting down a $600m equities strategy after the manager, Fabrizio Gallo, resigned.

We learned that Mulvaney Capital’s Global Markets Fund notched performance of +6.07% in April (+13.36% YTD), and just reporting for March was the Nordic Absolute Return Fund, which was +4.24% (+2.32% YTD).

Hedge fund assets posted inflows of $15.7bn in March (according to BarclayHedge and TrimTabs Investment Research). It was also reported that inflows continued in April (, and Bridgewater was named the largest hedge fund at $58.9bn aum. However, all is not so rosy across the board. A new study by Kinetic Partners showed that investors are increasing redemption pressures on distressed hedge funds.

Tom Russo’s Semper Vic Partners hedge fund has increased assets to $126.7m, and Blue Rice Investment Management has entered a strategic partnership with NewAlpha Asset Management in an effort to raise additional assets. Axonic Capital is opening its fund to outside investors and Vector Commodity Management is closing to investors after hitting $600m. Investors continue to pull out money from RAB Capital, and it is expected that the fund will de-list, and Sparx Group Co., suffered full-year loss of 3.7bn yen ($46 million).

The A SQUARE ......................

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. Other Voices: Hedge fund marketing and the selling cycle[more]

    By Bruce Frumerman. How long is the selling cycle now? That’s a question my financial communications and sales marketing consulting firm has been asked on a regular basis by hedge fund firm owners and sales people, ever since we opened the doors to our firm in 1987 pre-crash. Wa

  2. People - Solus Alternative Asset Management adds chief strategist from BTIG[more]

    From Daniel Greenhaus joined hedge fund manager Solus Alternative Asset Management as managing director and chief strategist. He will work closely with Chris Bondy, Solus’ chief economist, managing director and executive vice president, said Chris Pucillo, CEO and chief investmen

  3. Opalesque Roundtable: Seeding deal terms can be onerous for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Executives from fund of funds firms, family offices, a placement agent, a private equity firm, and an accounting firm gathered in Connecticut last month for the

  4. Opalesque Roundtable: Family offices flock to co-investment[more]

    Bailey McCann, Opalesque New York: Co-investments have been a hot topic for pension funds in recent years, as they try to move away from high fees and improve transparency. But now, family offices are more readily getting into the mix and establishing in-house deal teams, according to the delega

  5. More institutional investors invest in CTAs compared to last year despite dissatisfaction with performance[more]

    Benedicte Gravrand, Opalesque Geneva: "Despite a strong start to 2015 for CTAs in Q1, commodity market conditions have made return generation difficult for fund managers over much of the rest of the year to date," says Preqin’s November