Thu, May 5, 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 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 (Hedgefund.net), 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. Third Point calls Q1 "catastrophic" for hedge funds[more]

    Bailey McCann, Opalesque New York: The first quarter of this year was rocky for hedge funds based on aggregate performance from the industry, but now we are beginning to hear what the managers thought of it as quarterly letters make their way to investors. Dan Loeb, CEO of New York-based $17 bill

  2. Hedge funds see $14.3bn outflows in Q1, CTAs and multi-strategy lead net inflows[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry saw net outflows of investor capital in the first quarter of the year, totaling $14.3bn, data from Preqin showed. This continues from the $8.9bn overall net outflows that funds recorded in Q4

  3. Asia - Stabilization of China's capital outflows may hinge on Janet Yellen, Fink says China to do well this year as bubble threat postponed, Chinese hedge fund to invest in India’s infrastructure[more]

    Stabilization of China's capital outflows may hinge on Janet Yellen From Bloomberg.com: Whether China’s recent stabilization of its currency and capital outflows continues -- or downside pressure reignites -- may hinge in large part on Janet Yellen. If the Federal Reserve chair sticks to

  4. …And Finally - After all, judges are human too[more]

    From Newsoftheweird.com: In March, one District of Columbia government administrative law judge was charged with misdemeanor assault on another. Judge Sharon Goodie said she wanted to give Judge Joan Davenport some files, but Davenport, in her office, would not answer the door. Goodie said once the

  5. Comment - Unmasking the men behind Zero Hedge, Wall Street's renegade blog[more]

    From Bloomberg.com: Colin Lokey, also known as "Tyler Durden," is breaking the first rule of Fight Club: You do not talk about Fight Club. He’s also breaking the second rule of Fight Club. (See the first rule.) After more than a year writing for the financial website Zero Hedge under the n