Sat, Dec 20, 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 23

Saturday, June 11, 2011

Last week saw launches from Bernheim, Dreyfus & Co., which is launching its new $100m Diva Synergy Fund (UCITS III). Also launching UCITS funds are Deutsche Bank, which is joining forces with Millburn Ridgefield Corporation (DB Platinum IV dbX Millburn Multi-Markets Index Fund), and Morgan Stanley bolstered its UCITS platform, FundLogic Alternatives by adding three US-based hedge fund managers. Meanwhile, a wave of hedge fund managers is poised to launch regulated, onshore vehicles in Europe in 2012.

South Korea has allocated 100bn Won ($92.6m) for the launch of the Global Win-Win Fund, and Pictet Asset Management has launched PTR-Mandarin (long/short China equity). Merchant Capital Limited expanded its platform with the launch of 5 new funds, and Michael Durante has launched the Blackwall Partners Fund (long/short equity).

We also found out about a new hedge fund seeding vehicle being launched by a partnership between Woori Absolute Partners and NewAlpha Asset Management.

Phil Falcone's Harbinger Capital Partners is reportedly facing $1bn in redemptions. Harbinger is offering unsaleable LightSquared stock for redemptions in kind.

Hedge funds assets gained +2.26%, or $57.6bn in April to reach $2.607tln, reported Hedgefund.net. Coming in at a much lower asset total for the industry was TrimTabs Investment Research and BarclayHedge, which said that the hedge fund industry pulled in $17.5bn to reach $1.8tln. Fund of hedge fund assets have reportedly gained $45bn in last 6 months. Dalton Strategic Partnership has soft-closed Melchior Selected Trust European Absolute Return fund, after it has hit $500m (£305m).

Hedge fund performance suffered a blow in May but allocations o......................

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. Investing - Big hedge funds win again on PetSmart, Riverbed, RBS sells real estate loans to hedge fund Cerberus, Talisman energy speculation: Which hedge funds could benefit?[more]

    Big hedge funds win again on PetSmart, Riverbed From CNBC.com: Another week, another set of wins for activist investors. On Sunday, pet supply retailer PetSmart agreed to the largest leveraged buyout of the year at $8.7 billion. Hedge fund firm JANA Partners had been pushing for a sale a

  2. Outlook - Hedge fund manager who remembers 1998 rout says prepare for pain, Bond guru Bill Gross predicts U.S. economic growth to dip to 2%[more]

    Hedge fund manager who remembers 1998 rout says prepare for pain From Bloomberg.com: Stephen Jen landed in Hong Kong in early January 1997 as Morgan Stanley’s newly minted exchange-rate strategist for Asia. He was soon working around the clock when investors began targeting the region’s

  3. Investing - Hedge funds get boost from healthcare in 2014, Paulson & Co takes stake in Salix on heels of inventory issues[more]

    Hedge funds get boost from healthcare in 2014 From Valuewalk.com: The healthcare sector started the year on a turbulent note, as stocks of many major biotechnology companies were battered. However, most of the players in this sector have bounced back. The BarclayHedge Healthcare & Biotec

  4. Opalesque Exclusive: U.S. legal receivables fund launched in August[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Investing in asset-backed receivables is a strategy that has been an integral part of the alternative investment space within the overall fixed income asset c

  5. Comment - High fees and low performance hit hedge funds[more]

    From FT.com: Disenchantment over high fees and lackluster performance may finally be turning the tide against hedge funds, fresh data suggest. Despite generally weak returns since the global financial crisis, hedge funds have enjoyed positive net inflows every year since 2010. This helped assets und